OFFICETEC (UK) LTD

Company Registration Number:
05664926 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

OFFICETEC (UK) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 11

OFFICETEC (UK) LTD

Company Information

for the Period Ended 31 December 2024




Director: Barry Plowman
Sharon Plowman
Secretary: Sharon Plowman
Registered office: 67
Bridport Way
Braintree
Essex
CM7 9FP
Company Registration Number: 05664926 (England and Wales)

OFFICETEC (UK) LTD

Directors' Report Period Ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal Activities

The principal activity of the company in the year under review was that of the wholesale and retail trade of printer inks.

Directors

The directors shown below have held office during the whole of the period from 01 January 2024 to 31 December 2024
Barry Plowman
Sharon Plowman

Secretary
Sharon Plowman

This report was approved by the board of directors on 11 July 2025
And Signed On Behalf Of The Board By:

Name: Barry Plowman
Status: Director

Name: Sharon Plowman
Status: Director

OFFICETEC (UK) LTD

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 5 1,600 3,200
Tangible assets: 6 554 857
Total fixed assets: 2,154 4,057
Current assets
Stocks: 243 569
Debtors: 7 6,719 3,411
Cash at bank and in hand: 10,362 8,785
Total current assets: 17,324 12,765
Creditors: amounts falling due within one year: 8 ( 12,480 ) ( 13,026 )
Net current assets (liabilities): 4,844 ( 261 )
Total assets less current liabilities: 6,998 3,796
Creditors: amounts falling due after more than one year: 9 ( 204 ) ( 1,437 )
Total net assets (liabilities): 6,794 2,359

The notes form part of these financial statements

OFFICETEC (UK) LTD

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 6,784 2,349
Shareholders funds: 6,794 2,359

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 11 July 2025
And Signed On Behalf Of The Board By:

Name: Barry Plowman
Status: Director

Name: Sharon Plowman
Status: Director

The notes form part of these financial statements

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of goods, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated to reduce the cost of tangible fixed assets to the anticipated residual value of the assets concerned in equal annual instalments over their estimated useful lives as follows:

    Office equipment - 25% per annum
    Fixtures and fittings - 25% per annum

    Intangible fixed assets amortisation policy

    Goodwill, being the amount paid in connection with the acquisition of a business at the beginning 2006, is being amortised evenly over its estimated useful life of 20 years.

    Valuation information and policy

    Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Dividends


2024
£

2023
£
Dividends paid 4,250 2,000

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Intangible assets

Goodwill Total
Cost £ £
At 01 January 2024 32,000 32,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2024 32,000 32,000
Amortisation
Amortisation at 01 January 2024 28,800 28,800
Charge for year 1,600 1,600
On disposals - -
Other adjustments - -
Amortisation at 31 December 2024 30,400 30,400
Net book value
Net book value at 31 December 2024 1,600 1,600
Net book value at 31 December 2023 3,200 3,200

Goodwill, being the amount paid in connection with the acquisition of a business at the beginning 2006, is being amortised evenly over its estimated useful life of 20 years.

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 01 January 2024 2,204 2,088 4,292
Additions - 33 33
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 December 2024 2,204 2,121 4,325
Depreciation
At 01 January 2024 2,202 1,233 3,435
Charge for year - 336 336
On disposals - - -
Other adjustments - - -
At 31 December 2024 2,202 1,569 3,771
Net book value
At 31 December 2024 2 552 554
At 31 December 2023 2 855 857

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Debtors


2024
£

2023
£
Trade debtors 6,719 3,411
Total 6,719 3,411

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

8.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 8,265 10,245
Taxation and social security 4,215 2,781
Total 12,480 13,026

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

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


2024
£

2023
£
Other creditors 204 1,437
Total 204 1,437

During the year, B Plowman, director and shareholder of the company withdrew from the company £1,233. The total amount owed by the company to B Plowman at 31 December 2024 was £204 (£1,437 - 2023)
and is included in creditors amounts falling due after one year.