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REGISTERED NUMBER: 02643468 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Techniques Group Limited

Techniques Group Limited (Registered number: 02643468)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Techniques Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J W Croucher
J P Giles





REGISTERED OFFICE: Suite 3, Dukes House
4-6 High Street
Windsor
SL4 1LD





REGISTERED NUMBER: 02643468 (England and Wales)





ACCOUNTANTS: Three Kings Accounting Ltd
Suite 3
Dukes House
4-6 High Street
Windsor
Berkshire
SL4 1LD

Techniques Group Limited (Registered number: 02643468)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 133,687 162,189
133,687 162,189

CURRENT ASSETS
Stocks 5,920 5,920
Debtors 6 303,410 392,517
Cash at bank 21,553 15,446
330,883 413,883
CREDITORS
Amounts falling due within one year 7 311,654 433,920
NET CURRENT ASSETS/(LIABILITIES) 19,229 (20,037 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,916

142,152

CREDITORS
Amounts falling due after more than
one year

8

(154,036

)

(124,926

)

PROVISIONS FOR LIABILITIES 10 - (12,000 )
NET (LIABILITIES)/ASSETS (1,120 ) 5,226

Techniques Group Limited (Registered number: 02643468)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (2,120 ) 4,226
(1,120 ) 5,226

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 16 September 2024 and were signed on its behalf by:





J P Giles - Director


Techniques Group Limited (Registered number: 02643468)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Techniques Group 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on reducing balance and 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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


Techniques Group Limited (Registered number: 02643468)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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 10 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 163,936
AMORTISATION
At 1 January 2023
and 31 December 2023 163,936
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Techniques Group Limited (Registered number: 02643468)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 478,104
Additions 5,699
At 31 December 2023 483,803
DEPRECIATION
At 1 January 2023 315,915
Charge for year 34,201
At 31 December 2023 350,116
NET BOOK VALUE
At 31 December 2023 133,687
At 31 December 2022 162,189

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 32,770 107,286
Other debtors 270,640 285,231
303,410 392,517

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 30,646 32,319
Taxation and social security 77,643 105,728
Other creditors 203,365 295,873
311,654 433,920

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 154,036 124,926

Techniques Group Limited (Registered number: 02643468)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Other loans 45,614 109,789

The invoice discounting facility of £20,214 (2022 - £74,108) is secured by fixed and floating charges over the company’s assets.

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Other provisions - 12,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
J W Croucher
Balance outstanding at start of year 114,574 85,812
Amounts advanced 18,908 28,762
Amounts repaid (17,537 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 115,945 114,574

J P Giles
Balance outstanding at start of year 87,449 76,745
Amounts advanced 11,281 13,352
Amounts repaid (22,840 ) (2,648 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 75,890 87,449