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REGISTERED NUMBER: 07267226 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 August 2024

for

FIVE TECH LIMITED

FIVE TECH LIMITED (Registered number: 07267226)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Cash Flow Statement 14

Notes to the Cash Flow Statement 15

Notes to the Financial Statements 16


FIVE TECH LIMITED

Company Information
for the Year Ended 31 August 2024







Directors: M A Hussain
S A Hussain
N A S Hussain



Registered office: Unit 10 Woodford Trading Estate
Southend Road
Woodford Green
Essex
IG8 8HF



Registered number: 07267226 (England and Wales)



Senior statutory auditor: Naresh Jani FCCA



Auditors: Andertons Europe Ltd (Statutory Auditors)
1st Floor
156 Cromwell Road
Kensington
London
SW7 4EF

FIVE TECH LIMITED (Registered number: 07267226)

Strategic Report
for the Year Ended 31 August 2024

The directors present their strategic report for the year ended 31 August 2024.

The company's core activity is the online retail of IT products from leading brands, serving both consumer (B2C) and business (B2B) markets.

We have continued with the development of building brand stability, with a core focus of driving traffic to our own website and being less reliant on alternate marketplaces.

In response to evolving market conditions, our organisation has implemented key changes to position ourselves for sustainable future growth. Although revenue experienced a short-term dip, we continued to deliver a robust gross profit, highlighting the strength and efficiency of our core operations.

In March 2024, we acquired the intellectual property rights for www.box.co.uk a leading IT reseller. The acquisition will also allow us to grow in the Gaming sector, and components.

With over 1 million satisfied customers and a remarkable 95% repeat purchase rate, Box has earned the trust and loyalty of countless customers across the UK.

We now have obtained four ISO accreditations, reflecting our commitment to excellence across multiple domains.

" ISO 9001 - Quality Management
" ISO 14001 - Environmental Management
" ISO 27001 - Information and Security Management
" ISO 45001 - Health and Safety Management

We have also obtained "Cyber Essential Certification"
This offers significant advantages for business, including enhanced security posture, increased customer trust, and potential access to government contracts.
It also helps strengthen supply chain security and demonstrates a commitment to data protection.

These certifications demonstrate our adherence to internationally recognised standards. Collectively, they underscore our dedication to delivering high-quality, secure, and responsible solutions to both our B2B and B2C clients

By continuing to adapt and innovate, we are confident in our ability to achieve our long-term objectives and drive sustainable growth.


FIVE TECH LIMITED (Registered number: 07267226)

Strategic Report
for the Year Ended 31 August 2024

Review of business
The principal activity of the company is online retail of IT and mobile products, from leading brands to consumers and businesses.

In response to evolving market conditions, our organisation has implemented key changes to
position ourselves for sustainable future growth. Although revenue experienced a short-term dip,
we continued to deliver a robust gross profit, highlighting the strength and efficiency of our core
operations.

We have recently upgraded our consumer website laptopoutlet.co.uk & box.co.uk for better customer experience.
Furthermore, we have grown our sales team and have launched a new B2B initiative on Fivetech to market directly to SME and Education sectors.

Our company continues investing in its staff with ongoing training and continually improving systems and processes to work more sustainably.

On behalf of the board:





M A Hussain - Director


19 May 2025

FIVE TECH LIMITED (Registered number: 07267226)

Report of the Directors
for the Year Ended 31 August 2024

The directors present their report with the financial statements of the company for the year ended 31 August 2024.

Principal activity
The company's principal activity during the year continued to be exporter/ retailer of laptops and computer accessories.

Dividends
A dividend of 891p (2023 - 891p) per share was approved and paid during the year.

Directors
The directors shown below have held office during the whole of the period from 1 September 2023 to the date of this report.

M A Hussain
S A Hussain
N A S Hussain

Other changes in directors holding office are as follows:

N Hussain - resigned 20 August 2024
I Ramgoolam - resigned 20 August 2024

Charitable contribution
During the year the company made charitable contributions of £ 63,000 (2023 : £ 47,000).

Statement of directors' responsibilities
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

FIVE TECH LIMITED (Registered number: 07267226)

Report of the Directors
for the Year Ended 31 August 2024


Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

On behalf of the board:





M A Hussain - Director


19 May 2025

Report of the Independent Auditors to the Members of
FIVE TECH LIMITED

Opinion
We have audited the financial statements of FIVE TECH LIMITED (the 'company') for the year ended 31 August 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 August 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
FIVE TECH LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
FIVE TECH LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Audit response to risks identified :

We considered the extent of compliance with laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the company's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the company's policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting, attention was drawn to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management overide of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether
judgements made in making accounting estimates gave rise to a possible indication of management bias. The review at the completion stage of the audit, included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non- compliance with laws and regulations and fraud.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even though we have properly
planned and performed our audit in accordance with auditing standards. For example, the further
removed non-compliance with laws and regulations is from the events and transactions reflected in
the financial statements, the less likely we would become aware of it. Also, the risk of not detecting
a material misstatement due to fraud is higher than the risk of not detecting one resulting from
error, as fraud may involve deliberate concealment by, for example, forgery or intentional
misrepresentations , or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
FIVE TECH LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Naresh Jani FCCA (Senior Statutory Auditor)
for and on behalf of Andertons Europe Ltd (Statutory Auditors)
1st Floor
156 Cromwell Road
Kensington
London
SW7 4EF

19 May 2025

FIVE TECH LIMITED (Registered number: 07267226)

Income Statement
for the Year Ended 31 August 2024

2024 2023
Notes £    £   

Turnover 3 29,581,668 41,001,555

Cost of sales (25,552,251 ) (35,115,974 )
Gross profit 4,029,417 5,885,581

Distribution costs (1,124,881 ) (983,473 )
Administrative expenses (2,184,874 ) (2,324,564 )
Operating profit 5 719,662 2,577,544


Interest payable and similar
expenses

6

(162,170

)

(64,138

)
Profit before taxation 557,492 2,513,406

Tax on profit 7 (49,565 ) (555,230 )
Profit for the financial year 507,927 1,958,176

FIVE TECH LIMITED (Registered number: 07267226)

Other Comprehensive Income
for the Year Ended 31 August 2024

2024 2023
Notes £    £   

Profit for the year 507,927 1,958,176


Other comprehensive income - -
Total comprehensive income for
the year

507,927

1,958,176

FIVE TECH LIMITED (Registered number: 07267226)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 9 558,752 565,931

Current assets
Stocks 10 12,322,571 11,519,758
Debtors 11 492,464 426,058
Cash at bank and in hand 1,465,457 955,931
14,280,492 12,901,747
Creditors
Amounts falling due within one year 12 7,468,728 6,645,930
Net current assets 6,811,764 6,255,817
Total assets less current liabilities 7,370,516 6,821,748

Creditors
Amounts falling due after more than
one year

13

(1,447,775

)

(465,000

)

Provisions for liabilities 15 - (41,934 )
Net assets 5,922,741 6,314,814

Capital and reserves
Called up share capital 16 101,000 101,000
Revaluation reserve 17 118,750 118,750
Retained earnings 17 5,702,991 6,095,064
Shareholders' funds 5,922,741 6,314,814

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





M A Hussain - Director


FIVE TECH LIMITED (Registered number: 07267226)

Statement of Changes in Equity
for the Year Ended 31 August 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 September 2022 101,000 5,036,888 118,750 5,256,638

Changes in equity
Dividends - (900,000 ) - (900,000 )
Total comprehensive income - 1,958,176 - 1,958,176
Balance at 31 August 2023 101,000 6,095,064 118,750 6,314,814

Changes in equity
Dividends - (900,000 ) - (900,000 )
Total comprehensive income - 507,927 - 507,927
Balance at 31 August 2024 101,000 5,702,991 118,750 5,922,741

FIVE TECH LIMITED (Registered number: 07267226)

Cash Flow Statement
for the Year Ended 31 August 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,562,397 (1,251,945 )
Interest paid (162,170 ) (64,138 )
Tax paid (77,143 ) (665,303 )
Net cash from operating activities 1,323,084 (1,981,386 )

Cash flows from investing activities
Purchase of tangible fixed assets (86,333 ) (141,369 )
Net cash from investing activities (86,333 ) (141,369 )

Cash flows from financing activities
New loans in year (1,447,775 ) -
Loan repayments in year 1,620,550 1,082,353
Equity dividends paid (900,000 ) (900,000 )
Net cash from financing activities (727,225 ) 182,353

Increase/(decrease) in cash and cash equivalents 509,526 (1,940,402 )
Cash and cash equivalents at
beginning of year

2

955,931

2,896,333

Cash and cash equivalents at end
of year

2

1,465,457

955,931

FIVE TECH LIMITED (Registered number: 07267226)

Notes to the Cash Flow Statement
for the Year Ended 31 August 2024

1. Reconciliation of profit before taxation to cash generated from operations

2024 2023
£    £   
Profit before taxation 557,492 2,513,406
Depreciation charges 93,512 196,430
Finance costs 162,170 64,138
813,174 2,773,974
Increase in stocks (802,813 ) (26,337 )
(Increase)/decrease in trade and other debtors (21,314 ) 151,062
Increase/(decrease) in trade and other creditors 1,573,350 (4,150,644 )
Cash generated from operations 1,562,397 (1,251,945 )

2. Cash and cash equivalents

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 August 2024
31.8.24 1.9.23
£    £   
Cash and cash equivalents 1,465,457 955,931
Year ended 31 August 2023
31.8.23 1.9.22
£    £   
Cash and cash equivalents 955,931 2,896,333


3. Analysis of changes in net debt

At 1.9.23 Cash flow At 31.8.24
£    £    £   
Net cash
Cash at bank and in hand 955,931 509,526 1,465,457
955,931 509,526 1,465,457
Debt
Debts falling due within 1 year (1,742,353 ) 810,000 (932,353 )
Debts falling due after 1 year (465,000 ) (982,775 ) (1,447,775 )
(2,207,353 ) (172,775 ) (2,380,128 )
Total (1,251,422 ) 336,751 (914,671 )

FIVE TECH LIMITED (Registered number: 07267226)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. Statutory information

FIVE TECH LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing
The accounts have been prepared under the historical cost prevention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tanglble fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows :

Leasehold land and buildings over the lease term
Plant and machineryover 5 years
Fixtures, fittings, tools and equipment over 5 years


Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
A Current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Pension
Contributions to defined contribution plans are expensed in the period to which they relate.

FIVE TECH LIMITED (Registered number: 07267226)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. Accounting policies - continued

Provisions
Provisions (i.e liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Creditors
Short term creditors are measured at transaction price ( which is usually the invoice price). Loans and other financial liabilities are initially recognised price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors
Short term debtors are measured at transaction price ( which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

3. Turnover

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business for the year ended 31 August 2023 is given below:

£   
Sale of goods 41,001,555
41,001,555

This analysis is not considered to be applicable to the year ended 31 August 2024.

An analysis of turnover by geographical market for the year ended 31 August 2023 is given below:

£   
United Kingdom 41,001,555
41,001,555

This analysis is not considered to be applicable to the year ended 31 August 2024.

FIVE TECH LIMITED (Registered number: 07267226)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. Employees and directors
2024 2023
£    £   
Wages and salaries 1,019,619 919,306
Social security costs 90,535 83,053
Other pension costs 14,727 12,763
1,124,881 1,015,122

The average number of employees during the year was as follows:
2024 2023

Administration 5 6
Development 2 2
Distribution 28 22
Marketing 5 2
Sales 5 6
45 38

2024 2023
£    £   
Directors' remuneration - 31,649

5. Operating profit

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 93,512 196,430
Auditors' remuneration 8,000 7,500
Foreign exchange differences - 485

6. Interest payable and similar expenses
2024 2023
£    £   
Interest payable 162,170 64,138

FIVE TECH LIMITED (Registered number: 07267226)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. Taxation

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 136,591 555,230

Deferred tax (87,026 ) -
Tax on profit 49,565 555,230

8. Dividends
2024 2023
£    £   
Ordinary shares of £1 each
Final 900,000 900,000

9. Tangible fixed assets
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 September 2023 757,465 856,383 7,950 1,621,798
Additions 4,555 3,339 78,439 86,333
At 31 August 2024 762,020 859,722 86,389 1,708,131
DEPRECIATION
At 1 September 2023 234,271 813,646 7,950 1,055,867
Charge for year 76,202 5,544 11,766 93,512
At 31 August 2024 310,473 819,190 19,716 1,149,379
NET BOOK VALUE
At 31 August 2024 451,547 40,532 66,673 558,752
At 31 August 2023 523,194 42,737 - 565,931

FIVE TECH LIMITED (Registered number: 07267226)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. Tangible fixed assets - continued

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
Valuation in 2021 125,000 - - 125,000
Cost 637,020 859,722 86,389 1,583,131
762,020 859,722 86,389 1,708,131

10. Stocks
2024 2023
£    £   
Finished goods 12,322,571 11,519,758

11. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 11,017 371,140
Other debtors 436,355 54,918
Deferred tax asset 45,092 -
492,464 426,058

Deferred tax asset
2024
£   
Revaluation of Land & Building (31,250 )
Depreciation>Capital Allowance 76,342
45,092

12. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts (see note 14)
932,353

1,742,353
Trade creditors 5,543,457 3,529,688
Tax 624,943 565,495
Social security and other taxes 329,221 763,461
Other creditors 38,754 44,933
7,468,728 6,645,930

FIVE TECH LIMITED (Registered number: 07267226)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

13. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans (see note 14) 1,447,775 465,000

14. Loans

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 932,353 1,742,353

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,447,775 465,000

15. Provisions for liabilities
2023
£   
Deferred tax
Deferred tax 41,934

Deferred
tax
£   
Balance at 1 September 2023 41,934
Credit to Income Statement during year (87,026 )
Balance at 31 August 2024 (45,092 )

16. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
101,000 Ordinary £1 101,000 101,000

FIVE TECH LIMITED (Registered number: 07267226)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

17. Reserves
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2023 6,095,064 118,750 6,213,814
Profit for the year 507,927 507,927
Dividends (900,000 ) (900,000 )
At 31 August 2024 5,702,991 118,750 5,821,741

18. Related party disclosures

During the year under review the company's transaction with the following related companies
were:

2024 2023
£ £

Services from Retail Direct Ltd 584,093 90,000
The following amounts were due from related companiesat the
year end:

Amounts due from/(to) Retail Direct 431,000 (18,345)



The company also owns IP "BOX", which is currently being used by Five Tech Ltd to generate sales.

During the year Retail Direct Ltd which is a company managed by the same directors - H. Hussain & A. Hussain provided back office support to Five Tech Ltd.