TECHNICAL PROJECTS LTD

TECHNICAL PROJECTS LTD

TECHNICAL PROJECTS LTD - Company Information

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1 February 2022 false No description of principal activity Taxfiler 2023.7 10561096business:PrivateLimitedCompanyLtd2022-02-012023-01-31 105610962022-01-31 105610962022-02-012023-01-31 10561096business:AuditExemptWithAccountantsReport2022-02-012023-01-31 10561096business:FilletedAccounts2022-02-012023-01-31 105610962023-01-31 10561096business:Director12022-02-012023-01-31 10561096business:RegisteredOffice2022-02-012023-01-31 105610962022-01-31 10561096core:WithinOneYear2023-01-31 10561096core:WithinOneYear2022-01-31 10561096core:AfterOneYear2023-01-31 10561096core:AfterOneYear2022-01-31 10561096core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 10561096core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 10561096core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 10561096core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 10561096core:PreviouslyStatedAmount2023-01-31 10561096core:PreviouslyStatedAmount2022-01-31 10561096business:SmallEntities2022-02-012023-01-31 10561096countries:EnglandWales2022-02-012023-01-31 10561096core:ComputerEquipment2022-02-012023-01-31 10561096core:Goodwill2022-01-31 10561096core:Goodwill2022-02-012023-01-31 10561096core:Goodwill2023-01-31 10561096core:ComputerEquipment2022-01-31 10561096core:ComputerEquipment2023-01-31 105610962021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. 10561096 (England and Wales)
TECHNICAL PROJECTS LTD Unaudited accounts for the year ended 31 January 2023
TECHNICAL PROJECTS LTD Unaudited accounts Contents
Page
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TECHNICAL PROJECTS LTD Company Information for the year ended 31 January 2023
Director
Richard Philip Perry
Company Number
10561096 (England and Wales)
Registered Office
13 Roxburgh Terrace Whitley Bay Tyne & Wear NE26 1DR
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TECHNICAL PROJECTS LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
23,529 
- 
Tangible assets
5
1,906 
882 
25,435 
882 
Current assets
Debtors
6
12,604 
5,234 
Cash at bank and in hand
2,600 
11,607 
15,204 
16,841 
Creditors: amounts falling due within one year
7
(12,417)
3,624 
Net current assets
2,787 
20,465 
Total assets less current liabilities
28,222 
21,347 
Creditors: amounts falling due after more than one year
8
(18,566)
(18,387)
Net assets
9,656 
2,960 
Capital and reserves
Called up share capital
102 
100 
Profit and loss account
9,554 
2,860 
Shareholders' funds
9,656 
2,960 
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 April 2023 and were signed on its behalf by
Richard Philip Perry Director Company Registration No. 10561096
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TECHNICAL PROJECTS LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
TECHNICAL PROJECTS LTD is a private company, limited by shares, registered in England and Wales, registration number 10561096. The registered office is 13 Roxburgh Terrace, Whitley Bay, Tyne & Wear, NE26 1DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2022
- 
Additions
26,143 
At 31 January 2023
26,143 
Amortisation
At 1 February 2022
- 
Charge for the year
2,614 
At 31 January 2023
2,614 
Net book value
At 31 January 2023
23,529 
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TECHNICAL PROJECTS LTD Notes to the Accounts for the year ended 31 January 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2022
5,060 
Additions
1,659 
At 31 January 2023
6,719 
Depreciation
At 1 February 2022
4,178 
Charge for the year
635 
At 31 January 2023
4,813 
Net book value
At 31 January 2023
1,906 
At 31 January 2022
882 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,604 
- 
Accrued income and prepayments
- 
1,400 
Other debtors
- 
3,834 
12,604 
5,234 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
749 
2,976 
VAT
4,914 
3,834 
Obligations under finance leases and hire purchase contracts
- 
1,220 
Taxes and social security
6,126 
14,876 
Loans from directors
188 
(26,530)
Accruals
440 
- 
12,417 
(3,624)
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,566 
17,923 
Obligations under finance leases and hire purchase contracts
- 
464 
18,566 
18,387 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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