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REGISTERED NUMBER: 08496463 (England and Wales)















TECHNIK CONTROL SYSTEMS LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2023






TECHNIK CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08496463)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


TECHNIK CONTROL SYSTEMS LIMITED

Company Information
for the year ended 30 April 2023







Director: R A Smith





Registered office: Technik House
Bounder Copse
Tow Law
Bishops Auckland
Co. Durham
DL13 4PZ





Registered number: 08496463 (England and Wales)





Accountants: Haines Watts South East LLP
5-6 Greenfield Crescent
Edgbaston
Birmingham
Surrey
B15 3BE

TECHNIK CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08496463)

Balance Sheet
30 April 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 499,888 517,611

Current assets
Stocks 15,405 23,973
Debtors 5 866,517 892,759
Cash at bank and in hand 1,446,467 1,119,258
2,328,389 2,035,990
Creditors
Amounts falling due within one year 6 170,623 193,916
Net current assets 2,157,766 1,842,074
Total assets less current liabilities 2,657,654 2,359,685

Provisions for liabilities 56,681 19,941
Net assets 2,600,973 2,339,744

Capital and reserves
Called up share capital 4,000 4,000
Retained earnings 2,596,973 2,335,744
2,600,973 2,339,744

TECHNIK CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08496463)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2023 and were signed by:





R A Smith - Director


TECHNIK CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08496463)

Notes to the Financial Statements
for the year ended 30 April 2023

1. Statutory information

Technik Control Systems 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
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.
Freehold property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 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 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 6 (2022 - 6 ) .

TECHNIK CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08496463)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

4. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
Cost
At 1 May 2022 447,878 47,557 22,989
Additions - 1,499 -
Disposals - (4,500 ) -
At 30 April 2023 447,878 44,556 22,989
Depreciation
At 1 May 2022 157,311 29,363 17,401
Charge for year 58,113 3,623 1,117
Eliminated on disposal - (2,921 ) -
At 30 April 2023 215,424 30,065 18,518
Net book value
At 30 April 2023 232,454 14,491 4,471
At 30 April 2022 290,567 18,194 5,588

Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 May 2022 240,687 61,120 820,231
Additions 200,506 4,063 206,068
Disposals (104,620 ) - (109,120 )
At 30 April 2023 336,573 65,183 917,179
Depreciation
At 1 May 2022 51,662 46,883 302,620
Charge for year 78,248 4,574 145,675
Eliminated on disposal (28,083 ) - (31,004 )
At 30 April 2023 101,827 51,457 417,291
Net book value
At 30 April 2023 234,746 13,726 499,888
At 30 April 2022 189,025 14,237 517,611

Included within motor vehicles there are two cherished vehicle registration numbers which have a combined purchase cost £1,713. These are not being depreciated as the assets are not expected to diminish in value.

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 72,444 104,567
Other debtors 440,563 435,750
Directors' current accounts 350,000 350,000
Prepayments 3,510 2,442
866,517 892,759

TECHNIK CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08496463)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 23,115 24,180
Tax 13,297 111,095
Social security and other taxes 3,094 1,744
VAT 120,049 43,911
Other creditors 1,640 3,793
Accrued expenses 9,428 9,193
170,623 193,916

7. Director's advances, credits and guarantees

Included within debtors is £350,000 (2022: £350,000) owing by the director. Interest is being charged at the official rate and there are no set repayment terms

8. Related party disclosures

Included within debtors is a balance of £244,813 (2022: £240,000) due from participators and associates. Interest is being charged at the official rate and there are no set repayment terms.