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REGISTERED NUMBER: SC293224 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Technik Design Limited

Technik Design Limited (Registered number: SC293224)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Technik Design Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: N J Wilson





REGISTERED OFFICE: 10 Greenfields
Cultercullen
Udny
Ellon
Aberdeenshire
AB41 6QZ





REGISTERED NUMBER: SC293224 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Technik Design Limited (Registered number: SC293224)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,481 56,529

CURRENT ASSETS
Stocks 9,830 9,069
Debtors 5 60,417 50,055
Cash at bank 9 9
70,256 59,133
CREDITORS
Amounts falling due within one year 6 104,157 90,685
NET CURRENT LIABILITIES (33,901 ) (31,552 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,580

24,977

CREDITORS
Amounts falling due after more than one year 7 17,306 24,929
NET ASSETS 274 48

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 264 38
SHAREHOLDERS' FUNDS 274 48

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Technik Design Limited (Registered number: SC293224)

Balance Sheet - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





N J Wilson - Director


Technik Design Limited (Registered number: SC293224)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Technik Design Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Computer equipment - 33% on cost

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Technik Design Limited (Registered number: SC293224)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 70,382 184 26,982 97,548
Additions 978 - - 978
At 31 May 2024 71,360 184 26,982 98,526
DEPRECIATION
At 1 June 2023 17,543 184 23,292 41,019
Charge for year 5,381 - 645 6,026
At 31 May 2024 22,924 184 23,937 47,045
NET BOOK VALUE
At 31 May 2024 48,436 - 3,045 51,481
At 31 May 2023 52,839 - 3,690 56,529

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 14,038 24,744
Other debtors 34,676 18,924
48,714 43,668

Amounts falling due after more than one year:
Other debtors 11,703 6,387

Aggregate amounts 60,417 50,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 11,814 10,421
Hire purchase contracts 3,715 12,049
Trade creditors 9,212 2,743
Taxation and social security 73,016 55,445
Other creditors 6,400 10,027
104,157 90,685

Technik Design Limited (Registered number: SC293224)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 13,281 16,185
Hire purchase contracts 4,025 8,744
17,306 24,929

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
10 Ordinary £1.00 10 10

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
N J Wilson
Balance outstanding at start of year 18,924 (8,382 )
Amounts advanced 15,752 27,306
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,676 18,924

10. ULTIMATE CONTROLLING PARTY

The controlling party is N J Wilson.