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COMPANY REGISTRATION NUMBER: 06683817
Technical Housing Solutions Ltd
Filleted Unaudited Financial Statements
31 August 2024
Technical Housing Solutions Ltd
Financial Statements
Year ended 31 August 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Technical Housing Solutions Ltd
Officers and Professional Advisers
Director
Mr D C Key
Company secretary
Mrs Ellen Key
Registered office
10 Summerhouse Grove
Darlington
Co Durham
DL3 8UE
Accountants
Aspire Accounting and Tax
Chartered Certified Accountants
27B Harmire Enterprise Park
Barnard Castle
County Durham
DL12 8BN
Bankers
Barclays
Leicester
LE87 2BB
Technical Housing Solutions Ltd
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Technical Housing Solutions Ltd
Year ended 31 August 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 August 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Aspire Accounting and Tax Chartered Certified Accountants
27B Harmire Enterprise Park Barnard Castle County Durham DL12 8BN
5 March 2025
Technical Housing Solutions Ltd
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
93,386
113,396
Current assets
Stocks
140,000
Debtors
6
309,047
47,084
Investments
7
2,711,008
2,692,865
Cash at bank and in hand
415,046
249,372
------------
------------
3,435,101
3,129,321
Creditors: amounts falling due within one year
8
220,882
139,135
------------
------------
Net current assets
3,214,219
2,990,186
------------
------------
Total assets less current liabilities
3,307,605
3,103,582
------------
------------
Net assets
3,307,605
3,103,582
------------
------------
Capital and reserves
Called up share capital
200
200
Profit and loss account
3,307,405
3,103,382
------------
------------
Shareholders funds
3,307,605
3,103,582
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Technical Housing Solutions Ltd
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 5 March 2025 , and are signed on behalf of the board by:
Mr D C Key
Director
Company registration number: 06683817
Technical Housing Solutions Ltd
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Summerhouse Grove, Darlington, Co Durham, DL3 8UE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office premises
-
10% straight line
Fixtures and fittings
-
25% reducing balance
Motor vehicle
-
25% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
There were no pension contributions made this year by the company.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 2 ).
5. Tangible assets
Office Premises
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 September 2023 and 31 August 2024
66,477
1,413
87,440
8,216
163,546
--------
-------
--------
-------
---------
Depreciation
At 1 September 2023
21,076
1,394
21,860
5,820
50,150
Charge for the year
3,011
5
16,395
599
20,010
--------
-------
--------
-------
---------
At 31 August 2024
24,087
1,399
38,255
6,419
70,160
--------
-------
--------
-------
---------
Carrying amount
At 31 August 2024
42,390
14
49,185
1,797
93,386
--------
-------
--------
-------
---------
At 31 August 2023
45,401
19
65,580
2,396
113,396
--------
-------
--------
-------
---------
6. Debtors
2024
2023
£
£
Trade debtors
29,082
38,084
Other debtors
279,965
9,000
---------
--------
309,047
47,084
---------
--------
7. Investments
2024
2023
£
£
Investments - Quilter
2,550,026
2,531,883
Investments - Omega
120,482
120,482
Investments - Beswick group
500
500
Investments - Forex
40,000
40,000
------------
------------
2,711,008
2,692,865
------------
------------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
45
226
Corporation tax
172,696
96,267
Social security and other taxes
44,632
38,437
Other creditors
3,509
4,205
---------
---------
220,882
139,135
---------
---------
9. Related party transactions
The company was under the control of Mr Key throughout the current and previous year. Mr Key is the managing director and majority shareholder and there are no related party issues to report.