Teconica Technologies Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10810336 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

8 JUNE 2017 TO 30 JUNE 2018

FOR

TECONICA TECHNOLOGIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr E M Lepley

Legendary Holdings Limited

REGISTERED OFFICE:

29 Candle Lane

Earl Shilton

Leicestershire

LE9 7BL

REGISTERED NUMBER:

10810336 (England and Wales)

FIXED ASSETS

Tangible assets

4

933

CURRENT ASSETS

Debtors

5

12,431

Cash at bank

368

12,799

CREDITORS

Amounts falling due within one year

6

64,097

NET CURRENT LIABILITIES

(51,298

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(50,365

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(50,366

)

(50,365

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2018 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 on 23 November 2019 and were signed on its behalf by:

Mr E M Lepley - Director

1.	STATUTORY INFORMATION

Teconica Technologies 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 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

Revenue comprises the fair value for the sale of services excluding value added taxes and represents net invoice

value less estimated rebates, returns and settlement discounts.

The company supplies services to customers from its premises, under standard terms and conditions. In all cases

revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on

provision of the services.

TANGIBLE FIXED ASSETS

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

Computer equipment

-

33% on cost

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount

may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value

less costs to sell and value-in-use, are recognised as impairment losses. Impairments of revalued assets are

treated as a revaluation decrease. All other impairment losses are recognised in profit and loss.

TAXATION

Taxation for the period 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 period 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.

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured

initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective

interest method, less any impairment.

CREDITORS

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans,

are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost

using the effective interest method.

GOING CONCERN

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the

company has adequate resources to continue in operational existence for the foreseeable future. The company

therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,399

At 30 June 2018

1,399

DEPRECIATION

Charge for period

466

At 30 June 2018

466

NET BOOK VALUE

At 30 June 2018

933

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

12,431

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

1,424

Trade creditors

19,162

Taxation and social security

2,497

Other creditors

41,014

64,097

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £29,132 to Mr G and Mrs S Lepley, parents of the director. This

loan is interest free and repayable on demand.