Techtonic IT Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09059897 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Techtonic IT Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M R Wearing

REGISTERED OFFICE:

Station Road

Bourton-on-the-Water

Cheltenham

Gloucestershire

GL54 2AA

REGISTERED NUMBER:

09059897 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

Chartered Accountants

Kenton House

Oxford Street

Moreton-in-Marsh

Gloucestershire

GL56 0LA

FIXED ASSETS

Tangible assets

4

4,213

2,348

CURRENT ASSETS

Stocks

3,800

3,589

Debtors

5

5,245

2,616

Cash at bank and in hand

1,291

6,406

10,336

12,611

CREDITORS

Amounts falling due within one year

6

20,087

14,010

NET CURRENT LIABILITIES

(9,751

)

(1,399

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,538

)

949

PROVISIONS FOR LIABILITIES

278

-

NET (LIABILITIES)/ASSETS

(5,816

)

949

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(5,817

)

948

SHAREHOLDERS' FUNDS

(5,816

)

949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 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 director on 24 February 2020 and were signed by:

M R Wearing - Director

1.	STATUTORY INFORMATION

Techtonic IT Solutions Ltd 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.

The director considers that in preparing the financial statements they have taken into account all

information available, and on this basis the financial statements are prepared on a going concern

basis.

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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2018

2,980

2,010

4,990

Additions

860

2,791

3,651

At 31 May 2019

3,840

4,801

8,641

DEPRECIATION

At 1 June 2018

1,409

1,233

2,642

Charge for year

608

1,178

1,786

At 31 May 2019

2,017

2,411

4,428

NET BOOK VALUE

At 31 May 2019

1,823

2,390

4,213

At 31 May 2018

1,571

777

2,348

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

2,377

2,616

Other debtors

2,868

-

5,245

2,616

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

10,030

6,299

Taxation and social security

4,094

4,020

Other creditors

5,963

3,691

20,087

14,010

7.	RELATED PARTY DISCLOSURES