Tech Growth Factory Ltd
Company Registration No. 11213729 (England And Wales)
Unaudited Financial Statements
Year Ended 31 December 2024
TECH GROWTH FACTORY LTD
Tech Growth Factory Ltd
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TECH GROWTH FACTORY LTD
Tech Growth Factory Ltd
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
-
-
Creditors: amounts falling due within one year
3
(27,266)
(27,266)
Net current liabilities
(27,266)
(27,266)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(27,267)
(27,267)
Total equity
(27,266)
(27,266)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 10 September 2025
E Gooch
Director
Company registration number 11213729 (England and Wales)
TECH GROWTH FACTORY LTD
Tech Growth Factory Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Tech Growth Factory Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Drake House, Gadbrook Park, Rudheath, Northwich, United Kingdom, CW9 7RA.

1.1
Reporting period

The company has changed the period end from 28 February to 31 December. The reason for this is to match the related companies, however meaning the comparative amounts presented in these financial statements are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the ongoing support of the director. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.5
Cash and cash equivalents

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

TECH GROWTH FACTORY LTD
Tech Growth Factory Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
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 balance sheet 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 asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including other creditors and amounts due to group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of 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.

TECH GROWTH FACTORY LTD
Tech Growth Factory Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
25,166
25,166
Other creditors
2,100
2,100
27,266
27,266
2024-12-31 2024-01-01 false false true 10 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Ms E Gooch E Gooch 11213729 2024-01-01 2024-12-31 11213729 2024-12-31 11213729 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 11213729 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11213729 core:CurrentFinancialInstruments 2024-12-31 11213729 core:CurrentFinancialInstruments 2023-12-31 11213729 2023-12-31 11213729 core:ShareCapital 2024-12-31 11213729 core:ShareCapital 2023-12-31 11213729 core:RetainedEarningsAccumulatedLosses 2024-12-31 11213729 core:RetainedEarningsAccumulatedLosses 2023-12-31 11213729 bus:Director1 2024-01-01 2024-12-31 11213729 2023-03-01 2023-12-31 11213729 bus:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 11213729 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11213729 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11213729 bus:FRS102 2024-01-01 2024-12-31 11213729 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11213729 bus:CompanySecretary1 2024-01-01 2024-12-31 11213729 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP