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TECINTERACTIVE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






TECINTERACTIVE LIMITED (REGISTERED NUMBER: 05660045)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECINTERACTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: T Bamford
R S Vine





REGISTERED OFFICE: 1A Albany Court
Blenheim Road
Ashbourne
Derbyshire
DE6 1HA





REGISTERED NUMBER: 05660045 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

TECINTERACTIVE LIMITED (REGISTERED NUMBER: 05660045)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,498 12,089
Tangible assets 5 69,688 46,924
79,186 59,013

CURRENT ASSETS
Stocks 43,926 39,635
Debtors 6 363,978 201,507
Cash at bank - 215,853
407,904 456,995
CREDITORS
Amounts falling due within one year 7 303,692 323,266
NET CURRENT ASSETS 104,212 133,729
TOTAL ASSETS LESS CURRENT LIABILITIES 183,398 192,742

CREDITORS
Amounts falling due after more than one year 8 (35,456 ) (15,035 )

PROVISIONS FOR LIABILITIES 10 (8,600 ) (11,700 )
NET ASSETS 139,342 166,007

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 139,242 165,907
SHAREHOLDERS' FUNDS 139,342 166,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

TECINTERACTIVE LIMITED (REGISTERED NUMBER: 05660045)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





R S Vine - Director


TECINTERACTIVE LIMITED (REGISTERED NUMBER: 05660045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Tecinteractive 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.

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.

Website is being amortised evenly over its estimated useful life of five 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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


TECINTERACTIVE LIMITED (REGISTERED NUMBER: 05660045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 January 2024
and 31 December 2024 15,951
AMORTISATION
At 1 January 2024 3,862
Amortisation for year 2,591
At 31 December 2024 6,453
NET BOOK VALUE
At 31 December 2024 9,498
At 31 December 2023 12,089

TECINTERACTIVE LIMITED (REGISTERED NUMBER: 05660045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 233 4,013 51,080 41,432 96,758
Additions - 1,136 42,958 605 44,699
At 31 December 2024 233 5,149 94,038 42,037 141,457
DEPRECIATION
At 1 January 2024 170 2,781 22,818 24,065 49,834
Charge for year 16 554 16,910 4,455 21,935
At 31 December 2024 186 3,335 39,728 28,520 71,769
NET BOOK VALUE
At 31 December 2024 47 1,814 54,310 13,517 69,688
At 31 December 2023 63 1,232 28,262 17,367 46,924

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 344,077 198,547
Other debtors 19,901 2,960
363,978 201,507

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49,364 9,867
Hire purchase contracts (see note 9) 3,115 -
Trade creditors 165,764 165,435
Taxation and social security 58,168 82,498
Other creditors 27,281 65,466
303,692 323,266

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,349 15,035
Hire purchase contracts (see note 9) 31,107 -
35,456 15,035

TECINTERACTIVE LIMITED (REGISTERED NUMBER: 05660045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 3,115 -
Between one and five years 31,107 -
34,222 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 30,626 24,925
Between one and five years 6,176 24,925
36,802 49,850

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,600 11,700

Deferred
tax
£   
Balance at 1 January 2024 11,700
Provided during year (3,100 )
Balance at 31 December 2024 8,600

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100