IRIS Accounts Production v24.3.2.46 12744526 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh127445262023-07-31127445262024-07-31127445262023-08-012024-07-31127445262022-07-31127445262022-08-012023-07-31127445262023-07-3112744526ns15:EnglandWales2023-08-012024-07-3112744526ns14:PoundSterling2023-08-012024-07-3112744526ns10:Director12023-08-012024-07-3112744526ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3112744526ns10:SmallEntities2023-08-012024-07-3112744526ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3112744526ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3112744526ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3112744526ns10:FullAccounts2023-08-012024-07-3112744526ns10:OrdinaryShareClass12023-08-012024-07-3112744526ns10:Director22023-08-012024-07-3112744526ns10:RegisteredOffice2023-08-012024-07-3112744526ns5:CurrentFinancialInstruments2024-07-3112744526ns5:CurrentFinancialInstruments2023-07-3112744526ns5:Non-currentFinancialInstruments2024-07-3112744526ns5:Non-currentFinancialInstruments2023-07-3112744526ns5:ShareCapital2024-07-3112744526ns5:ShareCapital2023-07-3112744526ns5:RetainedEarningsAccumulatedLosses2024-07-3112744526ns5:RetainedEarningsAccumulatedLosses2023-07-3112744526ns5:PlantMachinery2023-08-012024-07-3112744526ns5:MotorVehicles2023-08-012024-07-3112744526ns5:PlantMachinery2023-07-3112744526ns5:MotorVehicles2023-07-3112744526ns5:PlantMachinery2024-07-3112744526ns5:MotorVehicles2024-07-3112744526ns5:PlantMachinery2023-07-3112744526ns5:MotorVehicles2023-07-3112744526ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3112744526ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3112744526ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-07-3112744526ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3112744526ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3112744526ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3112744526ns10:OrdinaryShareClass12024-07-3112744526ns5:RetainedEarningsAccumulatedLosses2023-07-3112744526ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 12744526 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

TECH FLO (EUROPE) LIMITED

TECH FLO (EUROPE) LIMITED (REGISTERED NUMBER: 12744526)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECH FLO (EUROPE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: M Alcindor
R J Jarred





REGISTERED OFFICE: The Flint Barn
Glovers Close
Biggin Hill
Kent
TN16 3GA





REGISTERED NUMBER: 12744526 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

TECH FLO (EUROPE) LIMITED (REGISTERED NUMBER: 12744526)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,220 20,837

CURRENT ASSETS
Debtors 5 241,219 54,136
Cash at bank 338,348 64,639
579,567 118,775
CREDITORS
Amounts falling due within one year 6 282,001 61,718
NET CURRENT ASSETS 297,566 57,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,786

77,894

CREDITORS
Amounts falling due after more than one
year

7

(11,702

)

(16,285

)

PROVISIONS FOR LIABILITIES (3,421 ) (4,700 )
NET ASSETS 317,663 56,909

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 9 317,363 56,609
SHAREHOLDERS' FUNDS 317,663 56,909

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

TECH FLO (EUROPE) LIMITED (REGISTERED NUMBER: 12744526)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





M Alcindor - Director


TECH FLO (EUROPE) LIMITED (REGISTERED NUMBER: 12744526)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Tech Flo (Europe) 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% per annum on reducing balance
Motor vehicles - 25% per annum on reducing balance

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.


TECH FLO (EUROPE) LIMITED (REGISTERED NUMBER: 12744526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 258 25,995 26,253
Additions 22,428 - 22,428
At 31 July 2024 22,686 25,995 48,681
DEPRECIATION
At 1 August 2023 - 5,416 5,416
Charge for year 2,900 5,145 8,045
At 31 July 2024 2,900 10,561 13,461
NET BOOK VALUE
At 31 July 2024 19,786 15,434 35,220
At 31 July 2023 258 20,579 20,837

TECH FLO (EUROPE) LIMITED (REGISTERED NUMBER: 12744526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 25,995
DEPRECIATION
At 1 August 2023 5,416
Charge for year 5,145
At 31 July 2024 10,561
NET BOOK VALUE
At 31 July 2024 15,434
At 31 July 2023 20,579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 161,551 53,836
Amounts owed by participating interests 20,000 -
Other debtors 59,668 300
241,219 54,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,502 -
Hire purchase contracts 4,582 3,912
Trade creditors 132,449 42,176
Taxation and social security 103,999 15,630
Other creditors 28,469 -
282,001 61,718

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,702 16,285

TECH FLO (EUROPE) LIMITED (REGISTERED NUMBER: 12744526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
300 Share capital 1 £1 300 300

9. RESERVES
Retained
earnings
£   

At 1 August 2023 56,609
Profit for the year 260,754
At 31 July 2024 317,363

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date M Alcindor owed the company £170 (2023: NIL)

At the balance sheet date R Jarred owed the company £170 (2023: NIL)

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date T Slowiak owed the company £170 (2023: NIL)

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the shareholders.