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REGISTERED NUMBER: 09730458 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TECHNIQUAL ENGINEERING LIMITED

TECHNIQUAL ENGINEERING LIMITED (REGISTERED NUMBER: 09730458)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECHNIQUAL ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mrs L E Adams
Mr D Adams



SECRETARY: Mrs L E Adams



REGISTERED OFFICE: Unit 3a, Goldthorpe Industrial Estate
Commercial Road
Goldthorpe
Rotherham
S63 9BL



REGISTERED NUMBER: 09730458 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: National Westminister Bank Plc
Bank Street
Mexborough
South Yorkshire
S64 9QE

TECHNIQUAL ENGINEERING LIMITED (REGISTERED NUMBER: 09730458)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,953 11,891

CURRENT ASSETS
Stocks 5 8,000 4,000
Debtors 6 295,803 153,439
303,803 157,439
CREDITORS
Amounts falling due within one year 7 193,031 129,099
NET CURRENT ASSETS 110,772 28,340
TOTAL ASSETS LESS CURRENT LIABILITIES 122,725 40,231

CREDITORS
Amounts falling due after more than
one year

8

(24,795

)

(36,614

)

PROVISIONS FOR LIABILITIES (2,271 ) -
NET ASSETS 95,659 3,617

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 95,657 3,615
SHAREHOLDERS' FUNDS 95,659 3,617

TECHNIQUAL ENGINEERING LIMITED (REGISTERED NUMBER: 09730458)

BALANCE SHEET - continued
31 AUGUST 2023


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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





Mr D Adams - Director


TECHNIQUAL ENGINEERING LIMITED (REGISTERED NUMBER: 09730458)

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

1. STATUTORY INFORMATION

Techniqual Engineering 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 financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumption concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of services is recognised when services have been provided to the customer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on completion of services.

TECHNIQUAL ENGINEERING LIMITED (REGISTERED NUMBER: 09730458)

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

2. ACCOUNTING POLICIES - continued

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
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stock to their present location condition.

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

TECHNIQUAL ENGINEERING LIMITED (REGISTERED NUMBER: 09730458)

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

2. ACCOUNTING POLICIES - continued

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.

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 7 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 20,781 1,175 3,340 25,296
Additions - 934 1,422 2,356
At 31 August 2023 20,781 2,109 4,762 27,652
DEPRECIATION
At 1 September 2022 9,754 713 2,938 13,405
Charge for year 1,654 186 454 2,294
At 31 August 2023 11,408 899 3,392 15,699
NET BOOK VALUE
At 31 August 2023 9,373 1,210 1,370 11,953
At 31 August 2022 11,027 462 402 11,891

5. STOCKS
31.8.23 31.8.22
£    £   
Stocks 8,000 4,000

TECHNIQUAL ENGINEERING LIMITED (REGISTERED NUMBER: 09730458)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 183,807 86,369
Amounts recoverable on contract 110,736 60,040
Other debtors 500 500
Directors' current accounts - 5,901
Prepayments and accrued income 760 629
295,803 153,439

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 30,617 23,438
Trade creditors 76,303 72,170
Corporation tax 25,956 -
Social security and other taxes 1,530 7,823
Net wages 9,316 1,116
VAT 20,668 22,158
Other creditors 2,541 334
Directors' current accounts 23,885 -
Accruals and deferred income 2,215 2,060
193,031 129,099

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 13,435 14,512
Bank loans - 2-5 years 11,360 22,102
24,795 36,614

TECHNIQUAL ENGINEERING LIMITED (REGISTERED NUMBER: 09730458)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
Mr D Adams
Balance outstanding at start of year 5,901 -
Amounts advanced 38,689 5,901
Amounts repaid (68,475 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (23,885 ) 5,901