REGISTERED NUMBER: 02754347 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Technology Desking Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Elliott

L Markwick

SECRETARY:

Ms F Mcloughlin

REGISTERED OFFICE:

1 Sopwith Crescent

Wickford

Essex

SS11 8YU

REGISTERED NUMBER:

02754347 (England and Wales)

ACCOUNTANTS:

Sygma Chartered Accountants

1 Sopwith Crescent

Wickford

Essex

SS11 8YU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

71,247

83,148

Investments

6

26,670

26,670

97,917

109,818

CURRENT ASSETS

Stocks

435,358

382,776

Debtors

7

1,123,361

1,436,977

Cash at bank and in hand

1,191,544

1,855,260

2,750,263

3,675,013

CREDITORS

Amounts falling due within one year

8

1,620,125

1,640,625

NET CURRENT ASSETS

1,130,138

2,034,388

TOTAL ASSETS LESS CURRENT LIABILITIES

1,228,055

2,144,206

PROVISIONS FOR LIABILITIES

9

17,501

19,385

NET ASSETS

1,210,554

2,124,821

CAPITAL AND RESERVES

Called up share capital

10

1,250

1,250

Share premium

11

31,427

31,427

Retained earnings

11

1,177,877

2,092,144

SHAREHOLDERS' FUNDS

1,210,554

2,124,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

S Elliott - Director

1.	STATUTORY INFORMATION

Technology Desking Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 17 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 November 2024

and 31 October 2025

42,745

AMORTISATION

At 1 November 2024

and 31 October 2025

42,745

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2024

77,886

478,355

556,241

Additions

-

12,915

12,915

Disposals

-

(76,075

)

(76,075

)

At 31 October 2025

77,886

415,195

493,081

DEPRECIATION

At 1 November 2024

73,791

399,302

473,093

Charge for year

2,486

17,556

20,042

Eliminated on disposal

-

(71,301

)

(71,301

)

At 31 October 2025

76,277

345,557

421,834

NET BOOK VALUE

At 31 October 2025

1,609

69,638

71,247

At 31 October 2024

4,095

79,053

83,148

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 November 2024

and 31 October 2025

26,670

NET BOOK VALUE

At 31 October 2025

26,670

At 31 October 2024

26,670

7.

DEBTORS

31.10.25

31.10.24

£

£

Amounts falling due within one year:

Trade debtors

634,322

756,948

Amounts owed by group undertakings

333,298

517,335

Other debtors

155,741

147,066

1,123,361

1,421,349

31.10.25

31.10.24

£

£

Amounts falling due after more than one year:

Other debtors

-

15,628

Aggregate amounts

1,123,361

1,436,977

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

-

54,361

Trade creditors

818,222

579,060

Taxation and social security

198,376

160,557

Other creditors

603,527

846,647

1,620,125

1,640,625

9.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

17,501

19,385

Deferred

tax

£

Balance at 1 November 2024

19,385

Credit to Income Statement during year

(1,884

)

Balance at 31 October 2025

17,501

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

125,000

Ordinary

£0.01

1,250

1,250

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 November 2024

2,092,144

31,427

2,123,571

Profit for the year

585,733

585,733

Dividends

(1,500,000

)

(1,500,000

)

At 31 October 2025

1,177,877

31,427

1,209,304

12.	RELATED PARTY DISCLOSURES

The company has two 100% owned subsidiaries, Technology Desking (Hong Kong) Limited (a company incorporated in Hong Kong) and Technology Desking, Inc (a company incorporated in the USA).

During the year, the company made sales to Technology Desking (Hong Kong) Limited, on an arms length basis, amounting to £323,534 (2024 - £32,715). The amount due from Technology Desking (Hong Kong) Limited to the company as at 31 October 2025 was £74,316 (2024 - £36,685 credit) which is included in debtors under amounts owed by group undertakings.

During the year, the company made sales to Technology Desking, Inc, on an arms length basis, amounting to £75,786 (2024 - £88,860). The amount due from Technology Desking, Inc to the company as at 31 October 2024 was £340,399 (2024 - £413,436) which is included in debtors under amounts owed by group undertakings.

The company is a 100% owned subsidiary of Technology Desking Trustee Limited (a company incorporated in England and Wales).

The amount due from Technology Desking Trustee Limited to the company at 31 October 2025 was £67,214 (2024 - £67,214) which is included in debtors under amounts owed by group undertakings.

13.	ULTIMATE CONTROLLING PARTY

The company was under the control of Technology Desking Trustee Limited.

14.	SHARE-BASED PAYMENT TRANSACTIONS

The company entered into a scheme to provide share option incentives for key employees on 31 March 2008. 58 Ordinary D share options were granted at an exercise price of £108.62 per share to an employee. The share options expired 10 years after the grant date.

The company entered into an Employee Management Incentive (EMI) Scheme on 18 January 2018. 75 Ordinary share options were granted at an exercise price of £190.12 per share to 4 separate employees.