Techgb Ltd - Accounts to registrar - small 17.1

Techgb Ltd - Accounts to registrar - small 17.1

TECHGB LTD - Company Information

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REGISTERED NUMBER: 07275163 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

TECHGB LTD

TECHGB LTD (REGISTERED NUMBER: 07275163)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


TECHGB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: J G Riehl





REGISTERED OFFICE: Bank House
5 High Street
Bletchingley
Surrey
RH1 4PB





REGISTERED NUMBER: 07275163 (England and Wales)





ACCOUNTANTS: McKenzies
Chartered Accountants
2 Station Road West
Oxted
Surrey
RH8 9EP
Page 1
TECHGB LTD (REGISTERED NUMBER: 07275163)

ABRIDGED BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,680 3,222

CURRENT ASSETS
Stocks 47,752 81,720
Debtors 26,200 19,585
Cash at bank and in hand 197,199 123,995
271,151 225,300
CREDITORS
Amounts falling due within one year 83,682 43,919
NET CURRENT ASSETS 187,469 181,381
TOTAL ASSETS LESS CURRENT
LIABILITIES
189,149
184,603

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Share premium 48,000 48,000
Retained earnings 41,149 36,603
SHAREHOLDERS' FUNDS 189,149 184,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 July 2017 and were signed by:





J G Riehl - Director


The notes form part of these financial statements

Page 2
TECHGB LTD (REGISTERED NUMBER: 07275163)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Techgb 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 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 represents net invoiced sales of goods and services, excluding value added tax.

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

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

Page 3 continued...
TECHGB LTD (REGISTERED NUMBER: 07275163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016
and 31 December 2016 17,232
DEPRECIATION
At 1 January 2016 14,010
Charge for year 1,542
At 31 December 2016 15,552
NET BOOK VALUE
At 31 December 2016 1,680
At 31 December 2015 3,222

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2016 and the
period ended 31 December 2015:

2016 2015
£    £   
J G Riehl
Balance outstanding at start of year 10,000 -
Amounts advanced - 10,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 10,000

6. ULTIMATE CONTROLLING PARTY

The controlling party is J G Riehl.

Page 4