2023-04-012024-03-312024-03-31false05400471Technitool Ltd2024-10-18iso4217:GBPxbrli:pure054004712023-04-01054004712024-03-31054004712023-04-012024-03-31054004712022-04-01054004712023-03-31054004712022-04-012023-03-3105400471bus:SmallEntities2023-04-012024-03-3105400471bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3105400471bus:FullAccounts2023-04-012024-03-3105400471bus:PrivateLimitedCompanyLtd2023-04-012024-03-3105400471core:WithinOneYear2024-03-3105400471core:AfterOneYear2024-03-3105400471core:WithinOneYear2023-03-3105400471core:AfterOneYear2023-03-3105400471core:ShareCapital2024-03-3105400471core:SharePremium2024-03-3105400471core:RevaluationReserve2024-03-3105400471core:OtherReservesSubtotal2024-03-3105400471core:RetainedEarningsAccumulatedLosses2024-03-3105400471core:ShareCapital2023-03-3105400471core:SharePremium2023-03-3105400471core:RevaluationReserve2023-03-3105400471core:OtherReservesSubtotal2023-03-3105400471core:RetainedEarningsAccumulatedLosses2023-03-3105400471core:LandBuildings2024-03-3105400471core:PlantMachinery2024-03-3105400471core:Vehicles2024-03-3105400471core:FurnitureFittings2024-03-3105400471core:OfficeEquipment2024-03-3105400471core:NetGoodwill2024-03-3105400471core:IntangibleAssetsOtherThanGoodwill2024-03-3105400471core:ListedExchangeTraded2024-03-3105400471core:UnlistedNon-exchangeTraded2024-03-3105400471core:LandBuildings2023-03-3105400471core:PlantMachinery2023-03-3105400471core:Vehicles2023-03-3105400471core:FurnitureFittings2023-03-3105400471core:OfficeEquipment2023-03-3105400471core:NetGoodwill2023-03-3105400471core:IntangibleAssetsOtherThanGoodwill2023-03-3105400471core:ListedExchangeTraded2023-03-3105400471core:UnlistedNon-exchangeTraded2023-03-3105400471core:LandBuildings2023-04-012024-03-3105400471core:PlantMachinery2023-04-012024-03-3105400471core:Vehicles2023-04-012024-03-3105400471core:FurnitureFittings2023-04-012024-03-3105400471core:OfficeEquipment2023-04-012024-03-3105400471core:NetGoodwill2023-04-012024-03-3105400471core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105400471core:ListedExchangeTraded2023-04-012024-03-3105400471core:UnlistedNon-exchangeTraded2023-04-012024-03-3105400471core:MoreThanFiveYears2023-04-012024-03-3105400471core:Non-currentFinancialInstruments2024-03-3105400471core:Non-currentFinancialInstruments2023-03-3105400471dpl:CostSales2023-04-012024-03-3105400471dpl:DistributionCosts2023-04-012024-03-3105400471core:LandBuildings2023-04-012024-03-3105400471core:PlantMachinery2023-04-012024-03-3105400471core:Vehicles2023-04-012024-03-3105400471core:FurnitureFittings2023-04-012024-03-3105400471core:OfficeEquipment2023-04-012024-03-3105400471dpl:AdministrativeExpenses2023-04-012024-03-3105400471core:NetGoodwill2023-04-012024-03-3105400471core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105400471dpl:GroupUndertakings2023-04-012024-03-3105400471dpl:ParticipatingInterests2023-04-012024-03-3105400471dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3105400471core:ListedExchangeTraded2023-04-012024-03-3105400471dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3105400471core:UnlistedNon-exchangeTraded2023-04-012024-03-3105400471dpl:CostSales2022-04-012023-03-3105400471dpl:DistributionCosts2022-04-012023-03-3105400471core:LandBuildings2022-04-012023-03-3105400471core:PlantMachinery2022-04-012023-03-3105400471core:Vehicles2022-04-012023-03-3105400471core:FurnitureFittings2022-04-012023-03-3105400471core:OfficeEquipment2022-04-012023-03-3105400471dpl:AdministrativeExpenses2022-04-012023-03-3105400471core:NetGoodwill2022-04-012023-03-3105400471core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105400471dpl:GroupUndertakings2022-04-012023-03-3105400471dpl:ParticipatingInterests2022-04-012023-03-3105400471dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3105400471core:ListedExchangeTraded2022-04-012023-03-3105400471dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3105400471core:UnlistedNon-exchangeTraded2022-04-012023-03-3105400471core:NetGoodwill2024-03-3105400471core:IntangibleAssetsOtherThanGoodwill2024-03-3105400471core:LandBuildings2024-03-3105400471core:PlantMachinery2024-03-3105400471core:Vehicles2024-03-3105400471core:FurnitureFittings2024-03-3105400471core:OfficeEquipment2024-03-3105400471core:AfterOneYear2024-03-3105400471core:WithinOneYear2024-03-3105400471core:ListedExchangeTraded2024-03-3105400471core:UnlistedNon-exchangeTraded2024-03-3105400471core:ShareCapital2024-03-3105400471core:SharePremium2024-03-3105400471core:RevaluationReserve2024-03-3105400471core:OtherReservesSubtotal2024-03-3105400471core:RetainedEarningsAccumulatedLosses2024-03-3105400471core:NetGoodwill2023-03-3105400471core:IntangibleAssetsOtherThanGoodwill2023-03-3105400471core:LandBuildings2023-03-3105400471core:PlantMachinery2023-03-3105400471core:Vehicles2023-03-3105400471core:FurnitureFittings2023-03-3105400471core:OfficeEquipment2023-03-3105400471core:AfterOneYear2023-03-3105400471core:WithinOneYear2023-03-3105400471core:ListedExchangeTraded2023-03-3105400471core:UnlistedNon-exchangeTraded2023-03-3105400471core:ShareCapital2023-03-3105400471core:SharePremium2023-03-3105400471core:RevaluationReserve2023-03-3105400471core:OtherReservesSubtotal2023-03-3105400471core:RetainedEarningsAccumulatedLosses2023-03-3105400471core:NetGoodwill2022-04-0105400471core:IntangibleAssetsOtherThanGoodwill2022-04-0105400471core:LandBuildings2022-04-0105400471core:PlantMachinery2022-04-0105400471core:Vehicles2022-04-0105400471core:FurnitureFittings2022-04-0105400471core:OfficeEquipment2022-04-0105400471core:AfterOneYear2022-04-0105400471core:WithinOneYear2022-04-0105400471core:ListedExchangeTraded2022-04-0105400471core:UnlistedNon-exchangeTraded2022-04-0105400471core:ShareCapital2022-04-0105400471core:SharePremium2022-04-0105400471core:RevaluationReserve2022-04-0105400471core:OtherReservesSubtotal2022-04-0105400471core:RetainedEarningsAccumulatedLosses2022-04-0105400471core:AfterOneYear2023-04-012024-03-3105400471core:WithinOneYear2023-04-012024-03-3105400471core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3105400471core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3105400471core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3105400471core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3105400471core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3105400471core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3105400471core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3105400471core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3105400471core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3105400471core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3105400471core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3105400471core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3105400471core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3105400471core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3105400471core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3105400471core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3105400471core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3105400471core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3105400471core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3105400471core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3105400471core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3105400471core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3105400471core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3105400471core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3105400471core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3105400471core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3105400471core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3105400471bus:Director12023-04-012024-03-3105400471bus:Director22023-04-012024-03-3105400471core:FurnitureFittingsToolsEquipment2023-03-3105400471core:FurnitureFittingsToolsEquipment2023-04-012024-03-3105400471core:FurnitureFittingsToolsEquipment2024-03-31

Technitool Ltd

Registered Number
05400471
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Technitool Ltd
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Mr A D White
Mr A J Wilkinson

Company Secretary

Mr A J Wilkinson

Registered Address

Unit 5
William Street
Northampton
NN1 3EW

Registered Number

05400471 (England and Wales)
Technitool Ltd
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,4753,676
3,4753,676
Current assets
Stocks418,50018,500
Debtors537,20156,668
Cash at bank and on hand84,106142,751
139,807217,919
Creditors amounts falling due within one year6(48,289)(111,035)
Net current assets (liabilities)91,518106,884
Total assets less current liabilities94,993110,560
Creditors amounts falling due after one year7(15,926)-
Provisions for liabilities8(661)(628)
Net assets78,406109,932
Capital and reserves
Called up share capital44
Profit and loss account78,402109,928
Shareholders' funds78,406109,932
The financial statements were approved and authorised for issue by the Board of Directors on 18 October 2024, and are signed on its behalf by:
Mr A J Wilkinson
Director
Registered Company No. 05400471
Technitool Ltd
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
Technitool Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5, William Street, Northampton, NN1 3EW.
Statement of compliance
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover policy
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Operating leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Defined benefit pension plan
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Current taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings-5
Vehicles25-
Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 April 2328,18918,5001,98348,672
Additions900--900
At 31 March 2429,08918,5001,98349,572
Depreciation and impairment
At 01 April 2327,45616,4831,05744,996
Charge for year3405032581,101
At 31 March 2427,79616,9861,31546,097
Net book value
At 31 March 241,2931,5146683,475
At 31 March 237332,0179263,676
4.Stocks

2024

2023

££
Work in progress18,50018,500
Total18,50018,500
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables37,20152,507
Other debtors-4,161
Total37,20156,668
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables11,05738,280
Bank borrowings and overdrafts10,64836,418
Taxation and social security22,02632,258
Other creditors857629
Accrued liabilities and deferred income3,7013,450
Total48,289111,035
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts15,926-
Total15,926-
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)661628
Total661628