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TECHYARD LIMITED

(formerly IO173 LTD)

Registered Number
12056786
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

TECHYARD LIMITED
Company Information
for the period from 1 July 2023 to 31 December 2024

Director

FIDDAMAN, Robert John

Registered Address

4 Vicarage Road
Teddington
TW11 8EZ

Registered Number

12056786 (England and Wales)
TECHYARD LIMITED
Balance Sheet as at
31 December 2024

Notes

31 Dec 2024

30 Jun 2023

£

£

£

£

Fixed assets
Tangible assets38,35518,351
8,35518,351
Current assets
Debtors1,824,717252,043
Cash at bank and on hand107,567192,908
1,932,284444,951
Creditors amounts falling due within one year(400,076)(64,459)
Net current assets (liabilities)1,532,208380,492
Total assets less current liabilities1,540,563398,843
Creditors amounts falling due after one year(1,699,797)(33,333)
Net assets(159,234)365,510
Capital and reserves
Called up share capital11
Profit and loss account(159,235)365,509
Shareholders' funds(159,234)365,510
The financial statements were approved and authorised for issue by the Director on 17 June 2025, and are signed on its behalf by:
FIDDAMAN, Robert John
Director
Registered Company No. 12056786
TECHYARD LIMITED
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings5
Plant and machinery10
Fixtures and fittings10
Vehicles4
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year1011
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 2330,029
Additions(353)
At 31 December 2429,676
Depreciation and impairment
At 01 July 2311,678
Charge for year10,257
On disposals(614)
At 31 December 2421,321
Net book value
At 31 December 248,355
At 30 June 2318,351