02374596falsethe manufacture and sale of laminated and special coatings2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director22022-04-012023-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-03-31http://www.companieshouse.gov.uk/cd:Director32022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/cd:Director42022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02374596

Technical Converters Limited

ACCOUNTS
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
C L Oliver
J R Oliver
N J Doble
M A Freeman Resigned December 2018
SECRETARY
C L Oliver
REGISTERED OFFICE
5 Third Way
Avonmouth
Bristol
BS11 9HL
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 Sheet3
Notes To The Accounts4
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 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets258,39573,262
CURRENT ASSETS
Stock1,027,631779,063
Debtors4685,997548,625
Cash at bank and in hand490,971953,914
2,204,5992,281,602
CREDITORS: Amounts falling due within one year5630,291599,918
NET CURRENT ASSETS1,574,3081,681,684
TOTAL ASSETS LESS CURRENT LIABILITIES1,632,7031,754,946
PROVISIONS FOR LIABILITIES AND CHARGES77,2509,773
NET ASSETS1,625,4531,745,173
CAPITAL AND RESERVES
Called up share capital820,00020,000
Profit and loss account1,605,4531,725,173
SHAREHOLDERS' FUNDS1,625,4531,745,173
For the year ending 31/03/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11/10/2023 and signed on their behalf by
.............................
C L Oliver
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 10%
Fixtures and Fittingsstraight line 12.5%
Equipmentstraight 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 LeaseholdPlant andFixtures
PropertiesMachineryand FittingsEquipmentTotal
£££££
Cost
At 01/04/202220,262809,60714,6238,455852,947
Disposals-(6,250)--(6,250)
At 31/03/202320,262803,35714,6238,455846,697
Depreciation
At 01/04/202220,262744,11111,4403,872779,685
Disposals-(6,250)--(6,250)
For the year-11,8951,2551,71714,867
At 31/03/202320,262749,75612,6955,589788,302
Net Book Amounts
At 31/03/2023-53,6011,9282,86658,395
At 31/03/2022-65,4963,1834,58373,262
3. STOCK 20232022
££
Stock comprises:
Stock raw materials663,197384,061
Work in progress364,434395,002
1,027,631779,063
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors640,743508,264
Other tax7332,963
Other debtors and prepayments44,52137,398
685,997548,625

Technical Converters Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax33,12688,367
Shareholder loans245,56999,710
Trade creditors248,902300,613
Accruals102,694111,228
630,291599,918
6. EMPLOYEES
20232022
No.No.
Average number of employees1918
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation7,2509,773
7,2509,773
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
20000 Ordinary shares of £1 each2000020000
20,00020,000
9. RELATED PARTY TRANSACTIONS
During the year the shareholders increased their loans by £145,859 . They are interest free and have no fixed repayment terms.