Company Registration No. 05340355 (England and Wales)
Tecni Limited
Unaudited accounts
for the year ended 31 December 2023
Tecni Limited
Unaudited accounts
Contents
Tecni Limited
Company Information
for the year ended 31 December 2023
Directors
Trevor Heyworth
Andrew Caulton
Company Number
05340355 (England and Wales)
Registered Office
10 Evercreech Way
Walrow Industrial Estate
Highbridge
TA9 4AR
Accountants
Poolbridge Accountancy Limited
Forge Enterprise Centre
3 Church Road, West Huntspill
Highbridge
Somerset
TA9 3RN
Tecni Limited
Statement of financial position
as at 31 December 2023
Tangible assets
549,743
507,321
Inventories
477,223
427,099
Cash at bank and in hand
543,785
332,116
Creditors: amounts falling due within one year
(247,336)
(109,054)
Net current assets
847,067
712,751
Total assets less current liabilities
1,396,910
1,220,172
Provisions for liabilities
Deferred tax
(137,436)
(96,391)
Other provisions
-
(1,800)
Net assets
1,259,474
1,121,981
Called up share capital
100
100
Profit and loss account
1,259,374
1,121,881
Shareholders' funds
1,259,474
1,121,981
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by
Trevor Heyworth
Director
Company Registration No. 05340355
Tecni Limited
Notes to the Accounts
for the year ended 31 December 2023
Tecni Limited is a private company, limited by shares, registered in England and Wales, registration number 05340355. The registered office is 10 Evercreech Way, Walrow Industrial Estate, Highbridge, TA9 4AR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
424,399
283,883
16,860
22,681
747,823
Additions
42,305
8,804
-
6,897
58,006
At 31 December 2023
466,704
292,687
16,860
29,578
805,829
At 1 January 2023
-
202,377
16,586
21,539
240,502
Charge for the year
-
13,546
28
2,010
15,584
At 31 December 2023
-
215,923
16,614
23,549
256,086
At 31 December 2023
466,704
76,764
246
6,029
549,743
At 31 December 2022
424,399
81,506
274
1,142
507,321
Tecni Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Investments
Subsidiary undertakings
Valuation at 1 January 2023
100
Valuation at 31 December 2023
100
Amounts falling due within one year
Trade debtors
68,307
58,879
Accrued income and prepayments
5,088
3,711
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
(218)
Trade creditors
121,862
67,019
Taxes and social security
93,317
6,005
8
Average number of employees
During the year the average number of employees was 17 (2022: 16).