Registered number: 02374596 | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
Prepared By: | ||||||||
L A Morgan | ||||||||
Top Floor | ||||||||
42 High Street | ||||||||
Portishead | ||||||||
Bristol | ||||||||
BS20 6EL |
Technical Converters Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
C L Oliver | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02374596 | ||||||||
ACCOUNTANTS | ||||||||
L A Morgan | ||||||||
Top Floor | ||||||||
42 High Street | ||||||||
Portishead | ||||||||
Bristol | ||||||||
BS20 6EL |
Technical Converters Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Technical Converters Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
2,204,599 | 2,281,602 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 1,681,684 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 1,605,453 | 1,725,173 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Technical Converters Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | straight line 10% | |||||||
Fixtures and Fittings | straight line 12.5% | |||||||
Equipment | straight line 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Work in progress includes an appropriate proportion of attributable overheads along with the production costs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
Technical Converters Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||||
Short Leasehold | Plant and | Fixtures | ||||||||
Properties | Machinery | and Fittings | Equipment | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/04/2022 | 20,262 | 809,607 | 14,623 | 8,455 | 852,947 | |||||
Disposals | - | (6,250) | - | - | (6,250) | |||||
At 31/03/2023 | 20,262 | 803,357 | 14,623 | 8,455 | 846,697 | |||||
Depreciation | ||||||||||
At 01/04/2022 | 20,262 | 744,111 | 11,440 | 3,872 | 779,685 | |||||
Disposals | - | (6,250) | - | - | (6,250) | |||||
For the year | - | 11,895 | 1,255 | 1,717 | 14,867 | |||||
At 31/03/2023 | 20,262 | 749,756 | 12,695 | 5,589 | 788,302 | |||||
Net Book Amounts | ||||||||||
At 31/03/2023 | - | 58,395 | ||||||||
At 31/03/2022 | - | 73,262 | ||||||||
3. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock raw materials | 663,197 | 384,061 | ||||
Work in progress | ||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 640,743 | 508,264 | ||||||
Other tax | 733 | 2,963 | ||||||
Other debtors and prepayments | 44,521 | 37,398 | ||||||
685,997 | 548,625 | |||||||
Technical Converters Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 33,126 | 88,367 | ||||||
Shareholder loans | 245,569 | 99,710 | ||||||
Trade creditors | 248,902 | 300,613 | ||||||
Accruals | 102,694 | 111,228 | ||||||
630,291 | 599,918 | |||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 18 | |||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 7,250 | 9,773 | ||||||
7,250 | 9,773 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
20000 | 20000 | |||||||
20,000 | 20,000 | |||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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