Techfix Products Limited - Accounts to registrar - small 17.2

Techfix Products Limited - Accounts to registrar - small 17.2


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REGISTERED NUMBER: 02581144 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017

FOR

TECHFIX PRODUCTS LIMITED

TECHFIX PRODUCTS LIMITED (REGISTERED NUMBER: 02581144)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TECHFIX PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2017







DIRECTOR: K Daw





SECRETARY: P A Owen





REGISTERED OFFICE: Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT





REGISTERED NUMBER: 02581144 (England and Wales)





ACCOUNTANTS: Saxon & Co.
Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT

TECHFIX PRODUCTS LIMITED (REGISTERED NUMBER: 02581144)

BALANCE SHEET
31 JANUARY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 641 880

CURRENT ASSETS
Stocks 5 24,895 24,745
Debtors 6 59,391 55,873
Cash at bank 77,074 35,308
161,360 115,926
CREDITORS
Amounts falling due within one year 7 92,780 62,025
NET CURRENT ASSETS 68,580 53,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,221

54,781

PROVISIONS FOR LIABILITIES 96 137
NET ASSETS 69,125 54,644

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 69,123 54,642
SHAREHOLDERS' FUNDS 69,125 54,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 October 2017 and were signed by:



K Daw - Director


TECHFIX PRODUCTS LIMITED (REGISTERED NUMBER: 02581144)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

1. STATUTORY INFORMATION

Techfix Products 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

TECHFIX PRODUCTS LIMITED (REGISTERED NUMBER: 02581144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2016
and 31 January 2017 109 2,700 2,809
DEPRECIATION
At 1 February 2016 83 1,846 1,929
Charge for year 26 213 239
At 31 January 2017 109 2,059 2,168
NET BOOK VALUE
At 31 January 2017 - 641 641
At 31 January 2016 26 854 880

5. STOCKS
2017 2016
£    £   
Stocks 24,895 24,745

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 55,391 51,873
Other debtors 4,000 4,000
59,391 55,873

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 72,244 57,933
Amounts owed to group undertakings 15,041 -
Tax 2 1
Social security and other taxes 1,265 1,270
VAT 1,723 547
Other creditors 2,400 1,780
Directors' current accounts 105 494
92,780 62,025