Tech Merchandise Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05387751

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		45,614		36,152
Tangible Assets	5		2,059,869		373,924

			2,105,483		410,076
CURRENT ASSETS
Stocks	6	47,080		120,169
Debtors	7	560,524		714,774
Cash at bank and in hand		20,050		422,253

		627,654		1,257,196
Creditors: Amounts Falling Due Within One Year	8	(243,427 )		(220,768 )

NET CURRENT ASSETS (LIABILITIES)			384,227		1,036,428

TOTAL ASSETS LESS CURRENT LIABILITIES			2,489,710		1,446,504

Creditors: Amounts Falling Due After More Than One Year	9		(990,942 )		-

NET ASSETS			1,498,768		1,446,504

CAPITAL AND RESERVES
Called up share capital	11		100		100
Revaluation reserve	13		226,943		-
Profit and Loss Account			1,271,725		1,446,404

SHAREHOLDERS' FUNDS			1,498,768		1,446,504

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Tech Merchandise Ltd

Balance Sheet (continued)

As At 31 March 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Rishi Kotecha

Director

04/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Tech Merchandise Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05387751 . The registered office is Unit 10, Trade City Business Park, Cowley Mill Road, Uxbridge, UB8 2DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	20% SLM
Motor Vehicles	20% SLM
Fixtures & Fittings	20% SLM

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Tech Merchandise Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 8)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	80,779
Additions	27,390

As at 31 March 2025	108,169

Amortisation
As at 1 April 2024	44,627
Provided during the period	17,928

As at 31 March 2025	62,555

Net Book Value
As at 31 March 2025	45,614

As at 1 April 2024	36,152

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Tech Merchandise Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost or Valuation
As at 1 April 2024	373,457	-	116,815	490,272
Additions	1,347,230	99,000	41,285	1,487,515
Revaluation	226,943	-	-	226,943

As at 31 March 2025	1,947,630	99,000	158,100	2,204,730

Depreciation
As at 1 April 2024	-	-	116,348	116,348
Provided during the period	-	19,800	8,713	28,513

As at 31 March 2025	-	19,800	125,061	144,861

Net Book Value
As at 31 March 2025	1,947,630	79,200	33,039	2,059,869

As at 1 April 2024	373,457	-	467	373,924

6. Stocks

	2025	2024
	£	£
Stock	47,080	120,169

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	277,261	263,462
Prepayments and accrued income	5,679	-
Other debtors	226,732	400,627
Other debtors (1)	49,998	49,998
Net wages	687	687
Director's loan account	167	-

	560,524	714,774

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Tech Merchandise Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	178,294	103,678
Corporation tax	(49 )	43,521
Other taxes and social security	19,634	6,389
VAT	40,468	49,121
Other creditors (2)	1,080	1,059
Accruals and deferred income	4,000	4,000
Director's loan account	-	13,000

	243,427	220,768

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	79,000	-
Bank loans	911,942	-

	990,942	-

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	79,000	-

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

The above loan is unsecured, interest free and repayable on demand.

13. Reserves

	Revaluation Reserve
	£
Surplus on revaluation	226,943

As at 31 March 2025	226,943

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