Company Registration No. 08681212 (England and Wales)
TECHSPRING LIMITED
Unaudited accounts
for the year ended 30 September 2024
TECHSPRING LIMITED
Unaudited accounts
Contents
TECHSPRING LIMITED
Company Information
for the year ended 30 September 2024
Company Number
08681212 (England and Wales)
Registered Office
SANDGATE NETTON STREET
BISHOPSTONE
SALISBURY
SP5 4DF
Accountants
Forest Edge Accountancy
2 Appletree Close
Redlynch
Salisbury
Wiltshire
SP5 2JG
TECHSPRING LIMITED
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
53,368
68,305
Creditors: amounts falling due within one year
(9,589)
(11,097)
Net current assets
88,774
73,817
Called up share capital
1,000
1,000
Profit and loss account
97,484
81,543
Shareholders' funds
98,484
82,543
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 June 2025 and were signed on its behalf by
A Tulloch
Director
Company Registration No. 08681212
TECHSPRING LIMITED
Notes to the Accounts
for the year ended 30 September 2024
TECHSPRING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08681212. The registered office is SANDGATE NETTON STREET, BISHOPSTONE, SALISBURY, SP5 4DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
At 30 September 2024
3,233
At 30 September 2024
2,737
TECHSPRING LIMITED
Notes to the Accounts
for the year ended 30 September 2024
5
Investments
Other investments
Valuation at 1 October 2023
8,064
Valuation at 30 September 2024
9,214
Instruments are measured at fair value though profit or loss.
Amounts falling due within one year
Accrued income and prepayments
1,611
308
Other debtors
36,387
12,000
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,291
6,038
Other creditors
3,709
3,709
Loans from directors
(1,142)
746
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan Account
(746)
2,200
312
1,142
9
Transactions with related parties
Included within other debtors are the following related party transactions where Dr A Tulloch is a director and shareholder.
Rotaheat Ltd - interest free loan which is repayable on demand.
Grid Edge Ltd - convertible loan issued.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).