IRIS Accounts Production v25.1.4.42 08353020 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false Ordinary £1 shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083530202024-03-31083530202025-03-31083530202024-04-012025-03-31083530202023-03-31083530202023-04-012024-03-31083530202024-03-3108353020ns15:EnglandWales2024-04-012025-03-3108353020ns14:PoundSterling2024-04-012025-03-3108353020ns10:Director12024-04-012025-03-3108353020ns10:Director22024-04-012025-03-3108353020ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3108353020ns10:SmallEntities2024-04-012025-03-3108353020ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3108353020ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3108353020ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3108353020ns10:FullAccounts2024-04-012025-03-310835302012024-04-012025-03-3108353020ns10:OrdinaryShareClass12024-04-012025-03-3108353020ns10:RegisteredOffice2024-04-012025-03-3108353020ns5:CurrentFinancialInstruments2025-03-3108353020ns5:CurrentFinancialInstruments2024-03-3108353020ns5:Non-currentFinancialInstruments2025-03-3108353020ns5:Non-currentFinancialInstruments2024-03-3108353020ns5:ShareCapital2025-03-3108353020ns5:ShareCapital2024-03-3108353020ns5:RetainedEarningsAccumulatedLosses2025-03-3108353020ns5:RetainedEarningsAccumulatedLosses2024-03-3108353020ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3108353020ns5:ComputerSoftware2024-04-012025-03-3108353020ns5:PlantMachinery2024-04-012025-03-3108353020ns5:IntangibleAssetsOtherThanGoodwill2024-03-3108353020ns5:IntangibleAssetsOtherThanGoodwill2025-03-3108353020ns5:IntangibleAssetsOtherThanGoodwill2024-03-3108353020ns5:PlantMachinery2024-03-3108353020ns5:PlantMachinery2025-03-3108353020ns5:PlantMachinery2024-03-3108353020ns5:CurrentFinancialInstrumentsns5:WithinOneYear2025-03-3108353020ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108353020ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2025-03-3108353020ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3108353020ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-03-3108353020ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3108353020ns10:OrdinaryShareClass12025-03-3108353020ns5:RetainedEarningsAccumulatedLosses2024-03-3108353020ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-31
REGISTERED NUMBER: 08353020 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

64Teq Limited

64Teq Limited (Registered number: 08353020)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


64Teq Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs M Nayee
B Nayee





REGISTERED OFFICE: Berkeley Square House
Second Floor
Berkeley Square
London
W1J6BD





REGISTERED NUMBER: 08353020 (England and Wales)





ACCOUNTANTS: Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW

64Teq Limited (Registered number: 08353020)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Intangible assets 4 6,888 9,185
Tangible assets 5 79,270 102,330
86,158 111,515

CURRENT ASSETS
Debtors 6 694,042 465,338
Cash at bank 728,963 519,804
1,423,005 985,142
CREDITORS
Amounts falling due within one year 7 (680,360 ) (402,121 )
NET CURRENT ASSETS 742,645 583,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

828,803

694,536

CREDITORS
Amounts falling due after more than one year 8 (246,970 ) (343,777 )
NET ASSETS 581,833 350,759

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 581,733 350,659
SHAREHOLDERS' FUNDS 581,833 350,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

64Teq Limited (Registered number: 08353020)

Balance Sheet - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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




B Nayee - Director



Mrs M Nayee - Director


64Teq Limited (Registered number: 08353020)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

64Teq 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key assumptions concerning the future and other key sources of estimation include uncertainties at the reporting date, which may have a risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial periods, are discussed below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


64Teq Limited (Registered number: 08353020)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with bank, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the net asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Equity instruments
The costs of the short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

64Teq Limited (Registered number: 08353020)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Employee benefits
The costs of the short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2024
and 31 March 2025 23,435
AMORTISATION
At 1 April 2024 14,250
Charge for year 2,297
At 31 March 2025 16,547
NET BOOK VALUE
At 31 March 2025 6,888
At 31 March 2024 9,185

64Teq Limited (Registered number: 08353020)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2024 193,847
Additions 2,726
At 31 March 2025 196,573
DEPRECIATION
At 1 April 2024 91,517
Charge for year 25,786
At 31 March 2025 117,303
NET BOOK VALUE
At 31 March 2025 79,270
At 31 March 2024 102,330

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 441,569 424,587
Other debtors 152,124 32,124
Tax 3,765 3,765
Prepayments and accrued income 96,584 4,862
694,042 465,338

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 9,999 10,011
Other loans 72,273 72,273
Hire purchase contracts 14,532 14,532
Trade creditors 376,511 104,252
Tax 91,437 22,028
Social security and other taxes 53,221 71,981
Other creditors 34,647 12,940
Accruals and deferred income 27,740 94,104
680,360 402,121

64Teq Limited (Registered number: 08353020)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 1,677 10,011
Bank loans - 2-5 years - 1,668
Other loans - 1-2 years 72,273 72,273
Other loans - 2-5 years 105,068 151,195
Other loans more 5yrs instal - 26,146
Hire purchase contracts 67,952 82,484
246,970 343,777

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 26,146

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 shares £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2024 350,659
Profit for the year 305,934
Dividends (74,860 )
At 31 March 2025 581,733