Silverfin false false 31/12/2024 01/01/2024 31/12/2024 François Amiot 17/07/2024 Charles Alain Arthur Bruneau 17/07/2024 07/03/2023 Kim Alicia Burgon 07/03/2023 Tina Yuen Burgon 07/03/2023 Tony Jean Marie Duburcq 07/03/2023 20 May 2025 The principal activity of the Company during the financial year was that of offering repair services of computers and peripheral equipment. 14711645 2024-12-31 14711645 bus:Director1 2024-12-31 14711645 bus:Director2 2024-12-31 14711645 bus:Director3 2024-12-31 14711645 bus:Director4 2024-12-31 14711645 bus:Director5 2024-12-31 14711645 2023-12-31 14711645 core:CurrentFinancialInstruments 2024-12-31 14711645 core:CurrentFinancialInstruments 2023-12-31 14711645 core:Non-currentFinancialInstruments 2024-12-31 14711645 core:Non-currentFinancialInstruments 2023-12-31 14711645 core:ShareCapital 2024-12-31 14711645 core:ShareCapital 2023-12-31 14711645 core:RetainedEarningsAccumulatedLosses 2024-12-31 14711645 core:RetainedEarningsAccumulatedLosses 2023-12-31 14711645 core:FurnitureFittings 2023-12-31 14711645 core:FurnitureFittings 2024-12-31 14711645 2024-01-01 2024-12-31 14711645 bus:FilletedAccounts 2024-01-01 2024-12-31 14711645 bus:SmallEntities 2024-01-01 2024-12-31 14711645 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 14711645 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14711645 bus:Director1 2024-01-01 2024-12-31 14711645 bus:Director2 2024-01-01 2024-12-31 14711645 bus:Director3 2024-01-01 2024-12-31 14711645 bus:Director4 2024-01-01 2024-12-31 14711645 bus:Director5 2024-01-01 2024-12-31 14711645 core:FurnitureFittings core:TopRangeValue 2024-01-01 2024-12-31 14711645 2023-01-01 2023-12-31 14711645 core:FurnitureFittings 2024-01-01 2024-12-31 14711645 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 14711645 (England and Wales)

TEKHUB LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

TEKHUB LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

TEKHUB LTD

BALANCE SHEET

As at 31 December 2024
TEKHUB LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Tangible assets 3 33,505 26,990
33,505 26,990
Current assets
Debtors 4 142,757 70,670
Cash at bank and in hand 73,337 23,285
216,094 93,955
Creditors: amounts falling due within one year 5 ( 225,272) ( 241,603)
Net current liabilities (9,178) (147,648)
Total assets less current liabilities 24,327 (120,658)
Creditors: amounts falling due after more than one year 6 ( 147,712) ( 70,000)
Net liabilities ( 123,385) ( 190,658)
Capital and reserves
Called-up share capital 10 10
Profit and loss account ( 123,395 ) ( 190,668 )
Total shareholders' deficit ( 123,385) ( 190,658)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Tekhub Ltd (registered number: 14711645) were approved and authorised for issue by the Board of Directors on 20 May 2025. They were signed on its behalf by:

Tina Yuen Burgon
Director
TEKHUB LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
TEKHUB LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Tekhub Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 14 Bourne Enterprise Centre Wrotham Road, Borough Green, Sevenoaks, TN15 8DG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £123,385. The Company is supported through loans from the controlling entities. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

2. Employees

31.12.2024 31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 22 6

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 January 2024 27,565 27,565
Additions 19,861 19,861
At 31 December 2024 47,426 47,426
Accumulated depreciation
At 01 January 2024 575 575
Charge for the financial year 13,346 13,346
At 31 December 2024 13,921 13,921
Net book value
At 31 December 2024 33,505 33,505
At 31 December 2023 26,990 26,990

4. Debtors

31.12.2024 31.12.2023
£ £
Trade debtors 116,274 21,918
Other debtors 26,483 48,752
142,757 70,670

5. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Trade creditors 75,443 216,440
Amounts owed to joint ventures 49,900 119
Other taxation and social security 41,099 2,471
Other creditors 58,830 22,573
225,272 241,603

6. Creditors: amounts falling due after more than one year

31.12.2024 31.12.2023
£ £
Amounts owed to joint ventures 147,712 70,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Commitments

31.12.2024 31.12.2023
£ £
Total future minimum lease payments under non-cancellable operating lease 38,158 114,475

The company has future lease commitments in relation to an operating lease. The amount due within one year is £38,158.

8. Related party transactions

Transactions with owners holding a participating interest in the entity

The company has taken advantage of the exemption in FRS 102 1A from disclosing transactions with other members of
the group.