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Registered number: 01600597
Technigraphics Systems Limited
Unaudited Financial Statements
For The Year Ended 30 March 2024
Accounting Hut Limited
4 Latimer Street
Romsey
Hampshire
SO51 8DG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01600597
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,076 48,846
39,076 48,846
CURRENT ASSETS
Stocks 5 53,920 22,670
Debtors 6 173,860 123,025
Cash at bank and in hand - 14,699
227,780 160,394
Creditors: Amounts Falling Due Within One Year 7 (343,240 ) (283,982 )
NET CURRENT ASSETS (LIABILITIES) (115,460 ) (123,588 )
TOTAL ASSETS LESS CURRENT LIABILITIES (76,384 ) (74,742 )
Creditors: Amounts Falling Due After More Than One Year 8 (42,835 ) (45,558 )
NET LIABILITIES (119,219 ) (120,300 )
CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Profit and Loss Account (129,219 ) (130,300 )
SHAREHOLDERS' FUNDS (119,219) (120,300)
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Page 2
For the year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C Ullman
Director
07/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Technigraphics Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01600597 . The registered office is 130 The Grange Romsey Road, Michelmersh, Romsey, Hampshire, SO51 0AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% RB
Motor Vehicles 20% RB
Fixtures & Fittings 20% RB
Computer Equipment 20% RB
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 31 March 2023 9,169 77,285 29,273 115,727
As at 30 March 2024 9,169 77,285 29,273 115,727
Depreciation
As at 31 March 2023 5,301 32,307 29,273 66,881
Provided during the period 774 8,996 - 9,770
As at 30 March 2024 6,075 41,303 29,273 76,651
Net Book Value
As at 30 March 2024 3,094 35,982 - 39,076
As at 31 March 2023 3,868 44,978 - 48,846
5. Stocks
2024 2023
£ £
Work in progress 53,920 22,670
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 167,971 117,136
Corporation tax recoverable assets 5,889 5,889
173,860 123,025
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,666 6,666
Trade creditors 18,308 7,856
Bank loans and overdrafts 109,779 104,037
Corporation tax 4,097 4,097
Other taxes and social security 4,000 5,232
VAT 40,238 95,111
Other creditors 124,812 31,214
Other creditors (1) 1,166 1,330
Accruals and deferred income 21,400 21,400
Director's loan account 12,774 7,039
343,240 283,982
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 42,835 45,558
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,666 6,666
Later than one year and not later than five years 42,835 45,558
49,501 52,224
49,501 52,224
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
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