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Company No: 02214727 (England and Wales)

# TECFACS LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH THE REGISTRAR

TECFACS LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

Contents

TECFACS LIMITED

## BALANCE SHEET

AS AT 31 MAY 2025
TECFACS LIMITED

## BALANCE SHEET (continued)

AS AT 31 MAY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 13,231 |  | 13,026
Investments | 4 | 190,710 |  | 185,537
|  | 203,941 |  | 198,563
Current assets |  |  |  |
Debtors | 5 | 463,128 |  | 344,556
Cash at bank and in hand |  | 74,015 |  | 282,318
|  | 537,143 |  | 626,874
Creditors: amounts falling due within one year | 6 | ( 614,400) |  | ( 721,821)
Net current liabilities |  | (77,257) |  | (94,947)
Total assets less current liabilities |  | 126,684 |  | 103,616
Provision for liabilities |  | ( 3,479) |  | ( 3,233)
Net assets |  | 123,205 |  | 100,383
Capital and reserves |  |  |  |
Called-up share capital | 7 | 5,153 |  | 5,153
Share premium account |  | 10,047 |  | 10,047
Profit and loss account |  | 108,005 |  | 85,183
Total shareholders' funds |  | 123,205 |  | 100,383

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Tecfacs Limited (registered number: 02214727) were approved and authorised for issue by the Board of Directors on 14 October 2025. They were signed on its behalf by:

Sally Jane Mason Director |

TECFACS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
TECFACS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Tecfacs Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 Milam Close, Arborfield, RG2 9FD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 5 years straight line
Computer equipment | 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Tangible assets

| Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 June 2024 | 23,152 |  | 22,053 |  | 45,205
Additions | 6,072 |  | 0 |  | 6,072
Disposals | ( 1,409) |  | ( 18,489) |  | ( 19,898)
At 31 May 2025 | 27,815 |  | 3,564 |  | 31,379
Accumulated depreciation |  |  |  |  |
At 01 June 2024 | 11,402 |  | 20,777 |  | 32,179
Charge for the financial year | 4,398 |  | 780 |  | 5,178
Disposals | ( 720) |  | ( 18,489) |  | ( 19,209)
At 31 May 2025 | 15,080 |  | 3,068 |  | 18,148
Net book value |  |  |  |  |
At 31 May 2025 | 12,735 |  | 496 |  | 13,231
At 31 May 2024 | 11,750 |  | 1,276 |  | 13,026

#### 4. Fixed asset investments

| Listed investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 June 2024 | 185,537 |  | 185,537
Movement in fair value | 5,173 |  | 5,173
At 31 May 2025 | 190,710 |  | 190,710
Carrying value at 31 May 2025 | 190,710 |  | 190,710
Carrying value at 31 May 2024 | 185,537 |  | 185,537

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 251,880 |  | 56,935
Prepayments | 211,248 |  | 287,621
| 463,128 |  | 344,556

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 121,171 |  | 57,369
Accruals and deferred income | 413,394 |  | 563,618
Taxation and social security | 79,835 |  | 68,336
Other creditors | 0 |  | 32,498
| 614,400 |  | 721,821

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
4,637 Ordinary shares of £ 1.00 each | 4,637 |  | 4,637
516 Deferred ordinary shares of £ 1.00 each | 516 |  | 516
| 5,153 |  | 5,153

#### 8. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating lease | 4,400 |  | 11,000

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £4,400 (2024: £11,000).
This amount is in relation to operating lease commitments which are payable over the next 1-2 years.