REGISTERED NUMBER: 10397138 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TECHPLUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J E Reynolds

SECRETARY:

Mrs S L Reynolds

REGISTERED OFFICE:

Lothing House

7 Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

REGISTERED NUMBER:

10397138 (England and Wales)

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Tangible assets

4

48,225

32,359

CURRENT ASSETS

Debtors

5

310,906

319,760

Cash at bank

569,745

531,230

880,651

850,990

CREDITORS

Amounts falling due within one year

6

(137,606

)

(199,952

)

NET CURRENT ASSETS

743,045

651,038

TOTAL ASSETS LESS CURRENT LIABILITIES

791,270

683,397

CREDITORS

Amounts falling due after more than one year

7

(24,975

)

(16,196

)

PROVISIONS FOR LIABILITIES

8

(12,056

)

(8,090

)

NET ASSETS

754,239

659,111

CAPITAL AND RESERVES

Called up share capital

55

55

Retained earnings

9

754,184

659,056

SHAREHOLDERS' FUNDS

754,239

659,111

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 director acknowledges his 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.

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 director and authorised for issue on 17 September 2025 and were signed by:

J E Reynolds - Director

1.	STATUTORY INFORMATION

Techplus 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.

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.

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 etc

-

20% on reducing balance and 15% 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.

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 15 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

51,185

Additions

45,145

Disposals

(28,410

)

At 31 December 2024

67,920

DEPRECIATION

At 1 January 2024

18,826

Charge for year

11,279

Eliminated on disposal

(10,410

)

At 31 December 2024

19,695

NET BOOK VALUE

At 31 December 2024

48,225

At 31 December 2023

32,359

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

268,161

267,205

Other debtors

42,745

52,555

310,906

319,760

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

15,000

25,000

Trade creditors

19,102

52,598

Taxation and social security

100,071

118,091

Other creditors

3,433

4,263

137,606

199,952

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

24,975

16,196

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

12,056

8,090

Deferred

tax

£

Balance at 1 January 2024

8,090

Accelerated capital allowances

3,966

Balance at 31 December 2024

12,056

9.

RESERVES

Retained

earnings

£

At 1 January 2024

659,056

Profit for the year

182,328

Dividends

(87,200

)

At 31 December 2024

754,184

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £52,320 (2023 - £51,420) were paid to the director .

The company operates a loan account with the director and as at the 31 December 2024 the balance was £1170.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is J E Reynolds.

The ultimate controlling party is J E Reynolds.