Techbase Systems Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03064399 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2018 TO 30 NOVEMBER 2018

FOR

TECHBASE SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K C Tolley

REGISTERED OFFICE:

33 Hampton Road

Farnham

Surrey

GU9 0DQ

REGISTERED NUMBER:

03064399 (England and Wales)

ACCOUNTANTS:

Fox & Co (Accountants) Limited

Atticus House

2 The Windmills

Turk Street

Alton

Hampshire

GU34 1EF

FIXED ASSETS

Tangible assets

3

-

3,783

CURRENT ASSETS

Stocks

-

9,605

Debtors

4

333,760

-

Cash at bank

1,020,511

691,945

1,354,271

701,550

CREDITORS

Amounts falling due within one year

5

108,023

31,269

NET CURRENT ASSETS

1,246,248

670,281

TOTAL ASSETS LESS CURRENT LIABILITIES

1,246,248

674,064

CAPITAL AND RESERVES

Called up share capital

3,570

3,570

Retained earnings

1,242,678

670,494

SHAREHOLDERS' FUNDS

1,246,248

674,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2018 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 7 December 2018 and were signed by:

K C Tolley - Director

1.	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 etc

-

25% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and amounts recognised in respect of impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2017 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

34,220

Disposals

(34,220

)

At 30 November 2018

-

DEPRECIATION

At 1 January 2018

30,437

Eliminated on disposal

(30,437

)

At 30 November 2018

-

NET BOOK VALUE

At 30 November 2018

-

At 31 December 2017

3,783

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

333,760

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

72

-

Taxation and social security

104,224

28,702

Other creditors

3,727

2,567

108,023

31,269