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REGISTERED NUMBER: 06518312 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TECHNICAIR LIMITED

TECHNICAIR LIMITED (REGISTERED NUMBER: 06518312)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECHNICAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr N Edden
Mr M R Withers





REGISTERED OFFICE: 2a Grove Business Park
Atherstone on Stour
Stratford upon Avon
Warwickshire
CV37 8DX





REGISTERED NUMBER: 06518312 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

TECHNICAIR LIMITED (REGISTERED NUMBER: 06518312)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,741 56,562

CURRENT ASSETS
Debtors 5 189,163 290,648
Cash at bank and in hand 738,148 797,007
927,311 1,087,655
CREDITORS
Amounts falling due within one year 6 429,943 519,030
NET CURRENT ASSETS 497,368 568,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,109

625,187

CREDITORS
Amounts falling due after more than one
year

7

(63,610

)

(93,625

)

PROVISIONS FOR LIABILITIES (20,091 ) (6,177 )
NET ASSETS 507,408 525,385

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 507,308 525,285
SHAREHOLDERS' FUNDS 507,408 525,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

TECHNICAIR LIMITED (REGISTERED NUMBER: 06518312)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





Mr N Edden - Director


TECHNICAIR LIMITED (REGISTERED NUMBER: 06518312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Technicair 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


TECHNICAIR LIMITED (REGISTERED NUMBER: 06518312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 92,100 150,423 10,510 253,033
Additions - 69,696 213 69,909
Disposals - (95,116 ) - (95,116 )
At 31 March 2023 92,100 125,003 10,723 227,826
DEPRECIATION
At 1 April 2022 59,954 127,263 9,254 196,471
Charge for year 4,822 21,807 471 27,100
Eliminated on disposal - (89,486 ) - (89,486 )
At 31 March 2023 64,776 59,584 9,725 134,085
NET BOOK VALUE
At 31 March 2023 27,324 65,419 998 93,741
At 31 March 2022 32,146 23,160 1,256 56,562

TECHNICAIR LIMITED (REGISTERED NUMBER: 06518312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 112,336 234,935
Other debtors 62,480 50,000
VAT 6,086 -
Prepayments 8,261 5,713
189,163 290,648

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,016 27,117
Trade creditors 217,442 313,578
Tax 2 -
Social security and other taxes 5,395 5,355
VAT - 20,252
Wages control 7,892 7,872
Directors' current accounts 130,881 130,883
Advanced sales 19,216 10,092
Accrued expenses 19,099 3,881
429,943 519,030

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 33,225 30,016
Bank loans - 2-5 years 30,385 63,609
63,610 93,625