Company registration number 05717678 (England and Wales)
TECHWORX LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
TECHWORX LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
TECHWORX LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
213,679
235,985
Current assets
Stocks
40,000
44,000
Debtors
4
700,452
660,263
Cash at bank and in hand
9,069
56,706
749,521
760,969
Creditors: amounts falling due within one year
5
(375,007)
(377,031)
Net current assets
374,514
383,938
Total assets less current liabilities
588,193
619,923
Creditors: amounts falling due after more than one year
6
(110,742)
(113,482)
Provisions for liabilities
(26,824)
(27,670)
Net assets
450,627
478,771
Capital and reserves
Called up share capital
8
100
100
Revaluation reserve
97,328
114,487
Profit and loss reserves
353,199
364,184
Total equity
450,627
478,771
TECHWORX LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 7 October 2025 and are signed on its behalf by:
Mr S J Hodges
Mr G D Smith
Director
Director
Company registration number 05717678 (England and Wales)
TECHWORX LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

Techworx Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 9, Brymill Industrial Estate, Brown Lion Street, Tipton, West Midlands, England, DY4 9EG.

1.1
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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transaction with wholly owned subsidiaries within the group.

1.2
Turnover

Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
5% on cost
Plant and equipment
15% on cost and 10% on cost
Fixtures and fittings
20% on cost
Computers
33% on cost
Motor vehicles
25% on reducing balance
1.4
Stocks

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

1.5
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 tax

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

TECHWORX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
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 probable that they will be recovered against the reversal of deferral tax liabilities or other future taxable profits.

1.6
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.

1.7
Government grants

Government grants have been recognised under the accruals model. Grants relating to revenue expenditure are recognised in income on a systematic basis over the periods to which the entity recognises the related costs for which the grant is intended to compensate.

2
Employees

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

2025
2024
Number
Number
Total
9
10
TECHWORX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 29 February 2024
3,590
1,012,774
1,016,364
Additions
-
0
168
168
At 28 February 2025
3,590
1,012,942
1,016,532
Depreciation and impairment
At 29 February 2024
899
779,480
780,379
Depreciation charged in the year
180
22,294
22,474
At 28 February 2025
1,079
801,774
802,853
Carrying amount
At 28 February 2025
2,511
211,168
213,679
At 28 February 2024
2,691
233,294
235,985

The directors have undertaken a review of the entire plant and machinery owned by the company and revalued them in accordance with FRS 102 Section 1A.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
254,152
286,613
Amounts owed by group undertakings
433,952
369,785
Other debtors
12,348
3,865
700,452
660,263
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
152,192
172,244
Taxation and social security
61,682
68,092
Other creditors
161,133
136,695
375,007
377,031
TECHWORX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
110,742
113,482
7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
26,824
27,670
2025
Movements in the year:
£
Liability at 29 February 2024
27,670
Credit to profit or loss
(846)
Liability at 28 February 2025
26,824
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
152,199
219,843
10
Parent company

The company is a wholly owned subsidiary of Techworx Holdings Limited, a company registered in England & Wales. The registered office is Unit 9, Brymill Industrial Estate, Brown Lion Street, Tipton, West Midlands, England, DY4 9EG.

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