Tech Wise Gadgets Ltd

Tech Wise Gadgets Ltd
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For the year ended 28 February 2025

Statement of financial position	1
Notes to the financial statements	2

Tech Wise Gadgets Ltd
Statement of Financial Position
As at 28 February 2025

	Notes	2025 £	2022 £
Current assets
Stocks		16,078	3,473
Cash at bank and in hand		51	39
		16,129	3,512
Creditors: amount falling due within one year		(15,261)	(2,896)
Net current assets		868	616

Total assets less current liabilities		868	616
Net assets		868	616

Capital and reserves
Called up share capital	3	100	(100)
Profit and loss account		768	716
Shareholders' funds		868	616

For the 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 30 November 2025 and were signed by:

-------------------------------
Sarfraz Butt
Director

1

Tech Wise Gadgets Ltd
Notes to the Abridged Financial Statements
For the year ended 28 February 2025

General Information

Tech Wise Gadgets Ltd is a private company, limited by shares, registered in England and Wales, registration number 12461481, registration address 13 Cambridge Road, Ilford, IG3 8LU.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 2 (2022 : 0).

3.

Share Capital

Authorised
100 Class A shares of £1.00 each

Allotted, called up and fully paid	2025 £		2022 £
100 Class A shares of £1.00 each	100		100
	100		100

2

Registered Number: 12461481
England and Wales
TECH WISE GADGETS LTD

Abridged Accounts

Period of accounts Start date: 01 March 2024 End date: 28 February 2025