REGISTERED NUMBER: 04919277 (England and Wales)

TEKCOMP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C J Stile

Mr G S Stile

SECRETARY:

Mr G S Stile

REGISTERED OFFICE:

Second Floor

34 Lime Street

London

EC3M 7AT

REGISTERED NUMBER:

04919277 (England and Wales)

ACCOUNTANTS:

Carston ETL

Chartered Accountants

Second Floor

34 Lime Street

London

EC3M 7AT

FIXED ASSETS

Tangible assets

4

215,435

251,123

CURRENT ASSETS

Stocks

89,946

65,585

Debtors

5

166,756

45,686

Cash at bank

400,200

321,689

656,902

432,960

CREDITORS

Amounts falling due within one year

6

121,412

189,935

NET CURRENT ASSETS

535,490

243,025

TOTAL ASSETS LESS CURRENT LIABILITIES

750,925

494,148

CREDITORS

Amounts falling due after more than one year

7

(19,994

)

(81,184

)

PROVISIONS FOR LIABILITIES

(40,979

)

(47,713

)

NET ASSETS

689,952

365,251

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

689,852

365,151

689,952

365,251

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

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

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 30th September 2025 and were signed on its behalf by:

Mr C J Stile - Director

Mr G S Stile - Director

1.	STATUTORY INFORMATION

Tekcomp Ltd 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.

Computer equipment 20%

Motor Vehicles 25%

Fixtures & Fittings 20%

Plant & Machinery 20%

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.

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 13 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1st January 2024

7,270

1,276,342

14,590

Additions

-

47,693

487

At 31st December 2024

7,270

1,324,035

15,077

DEPRECIATION

At 1st January 2024

7,270

1,037,832

13,394

Charge for year

-

75,813

346

At 31st December 2024

7,270

1,113,645

13,740

NET BOOK VALUE

At 31st December 2024

-

210,390

1,337

At 31st December 2023

-

238,510

1,196

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2024

54,050

98,585

1,450,837

Additions

-

1,196

49,376

At 31st December 2024

54,050

99,781

1,500,213

DEPRECIATION

At 1st January 2024

47,291

93,927

1,199,714

Charge for year

5,370

3,535

85,064

At 31st December 2024

52,661

97,462

1,284,778

NET BOOK VALUE

At 31st December 2024

1,389

2,319

215,435

At 31st December 2023

6,759

4,658

251,123

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

156,756

36,936

Other debtors

10,000

8,750

166,756

45,686

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

4,632

5,600

Trade creditors

3,453

90,803

Taxation and social security

52,268

41,242

Other creditors

61,059

52,290

121,412

189,935

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

-

4,632

Other creditors

19,994

76,552

19,994

81,184