Company Registration No. 09211776 (England and Wales)
TECHCON LIMITED
Unaudited accounts
for the year ended 31 October 2023
TECHCON LIMITED
Unaudited accounts
Contents
TECHCON LIMITED
Company Information
for the year ended 31 October 2023
Company Number
09211776 (England and Wales)
Registered Office
59 Brackley Gate
Morley
Ilkeston
DE7 6DJ
TECHCON LIMITED
Statement of financial position
as at 31 October 2023
Intangible assets
5,000
5,000
Tangible assets
38,785
32,582
Investment property
588,934
-
Inventories
197,428
144,350
Cash at bank and in hand
39,513
14,018
Creditors: amounts falling due within one year
(140,562)
(147,462)
Net current assets
172,911
55,393
Total assets less current liabilities
805,630
92,975
Creditors: amounts falling due after more than one year
(682,405)
(15,936)
Provisions for liabilities
Deferred tax
(7,369)
(2,343)
Called up share capital
100
100
Profit and loss account
115,756
74,596
Shareholders' funds
115,856
74,696
For the year ending 31 October 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 18 March 2024 and were signed on its behalf by
simon dawes
Director
Company Registration No. 09211776
TECHCON LIMITED
Notes to the Accounts
for the year ended 31 October 2023
TECHCON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09211776. The registered office is 59 Brackley Gate, Morley, Ilkeston, DE7 6DJ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
TECHCON LIMITED
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
25,432
27,000
52,432
Disposals
-
(27,000)
(27,000)
At 31 October 2023
25,432
32,000
57,432
At 1 November 2022
8,038
11,812
19,850
Charge for the year
2,609
8,000
10,609
On disposals
-
(11,812)
(11,812)
At 31 October 2023
10,647
8,000
18,647
At 31 October 2023
14,785
24,000
38,785
At 31 October 2022
17,394
15,188
32,582
At 31 October 2023
588,934
The investment property is a development project with £412,500 loan from Together bank secured against it.
Amounts falling due within one year
Trade debtors
44,871
20,000
Accrued income and prepayments
4,050
-
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,000
6,000
Trade creditors
54,817
14,522
Taxes and social security
44,152
30,215
Loans from directors
32,843
93,975
9
Creditors: amounts falling due after more than one year
2023
2022
TECHCON LIMITED
Notes to the Accounts
for the year ended 31 October 2023
10
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees
Amount paid and liability incurred
Bank loan guarantedd
260,000
-
£260,000 loan from Reward Bank is guaranteed by the director and secured against his personal assets
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).
