TECHNIDRIVE LIMITED

Company Registration Number:
NI617850 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

TECHNIDRIVE LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

TECHNIDRIVE LIMITED

Balance sheet

As at 30 November 2021


Notes

2021

2020


£

£
Fixed assets
Tangible assets: 3 1,380,287 1,198,247
Total fixed assets: 1,380,287 1,198,247
Current assets
Stocks: 1,850,000 1,825,750
Debtors:   1,864,038 1,442,805
Cash at bank and in hand: 984,191 774,324
Total current assets: 4,698,229 4,042,879
Creditors: amounts falling due within one year: 4 (2,503,296) (2,574,568)
Net current assets (liabilities): 2,194,933 1,468,311
Total assets less current liabilities: 3,575,220 2,666,558
Creditors: amounts falling due after more than one year:   (200,000) (200,000)
Total net assets (liabilities): 3,375,220 2,466,558
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 3,374,220 2,465,558
Shareholders funds: 3,375,220 2,466,558

The notes form part of these financial statements

TECHNIDRIVE LIMITED

Balance sheet statements

For the year ending 30 November 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 June 2022
and signed on behalf of the board by:

Name: John Coulter
Status: Director

The notes form part of these financial statements

TECHNIDRIVE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TECHNIDRIVE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 29 22

TECHNIDRIVE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Tangible Assets

Total
Cost £
At 01 December 2020 1,499,822
Additions 230,040
At 30 November 2021 1,729,862
Depreciation
At 01 December 2020 301,575
Charge for year 48,000
At 30 November 2021 349,575
Net book value
At 30 November 2021 1,380,287
At 30 November 2020 1,198,247

TECHNIDRIVE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Creditors: amounts falling due within one year note

Trade Creditors £1229679Other Creditors £366821Corporation Tax Payable £233619Other Taxes and Social Security £ 15341Accruals £657836