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REGISTERED NUMBER: 00975813 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

TECNI-FORM LIMITED

TECNI-FORM LIMITED (REGISTERED NUMBER: 00975813)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECNI-FORM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Ms C L M Fecher
C L Fecher
H J B Shaw
C N Allen





SECRETARY: H J B Shaw





REGISTERED OFFICE: 4 English Business Park
English Close
Hove
BN3 7ET





REGISTERED NUMBER: 00975813 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

TECNI-FORM LIMITED (REGISTERED NUMBER: 00975813)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 68,374 84,566
Tangible assets 5 599,164 379,211
667,538 463,777

CURRENT ASSETS
Stocks 6 403,837 485,119
Debtors 7 947,314 1,016,461
Cash at bank and in hand 38,420 31,696
1,389,571 1,533,276
CREDITORS
Amounts falling due within one year 8 1,061,010 1,164,156
NET CURRENT ASSETS 328,561 369,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

996,099

832,897

CREDITORS
Amounts falling due after more than one year 9 (92,546 ) (104,167 )

PROVISIONS FOR LIABILITIES 11 (136,621 ) (71,522 )
NET ASSETS 766,932 657,208

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 28,000 28,000
Revaluation reserve 6,827 8,032
Retained earnings 722,105 611,176
766,932 657,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

TECNI-FORM LIMITED (REGISTERED NUMBER: 00975813)

BALANCE SHEET - continued
30 JUNE 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 27 March 2025 and were signed on its behalf by:





C L Fecher - Director


TECNI-FORM LIMITED (REGISTERED NUMBER: 00975813)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Tecni-Form Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

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 each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Tangible assets are brought in at cost and some were later revalued in 2010. On transition to FRS 102 1A the directors elected to use this revalued amount as deemed cost.

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

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.


TECNI-FORM LIMITED (REGISTERED NUMBER: 00975813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period using the sum of digits method. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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.

Intangible assets and development costs
Intangible assets are initially measured at cost. After initital recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development of products is capitalised where there is expected to be a benefit to future periods and the following conditions are met:

(i) It is technically feasible to complete the research or development so that the product will be available for use or sale;
(ii) It is intended to use or sell the product being developed;
(iii) The company is able to use or sell the product;
(iv) It can be demonstrated that the product will generate probable future economic benefits;
(v) Adequate technical, financial and other resources exist so that product development can be completed and subsequently used or sold; and
(vi) Expenditure attributable to the research and development work can be reliably measured.

Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses and amortised over its useful economic life. Assessments of useful economic life are 4 or 5 years.

All other research and development expenditure is recognised as an expense in the period in which it is incurred.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

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.

TECNI-FORM LIMITED (REGISTERED NUMBER: 00975813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2023 - 70 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£
COST
At 1 July 2023 150,790
Additions 20,537
At 30 June 2024 171,327
AMORTISATION
At 1 July 2023 66,224
Amortisation for year 36,729
At 30 June 2024 102,953
NET BOOK VALUE
At 30 June 2024 68,374
At 30 June 2023 84,566

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023 2,598,391
Additions 299,395
At 30 June 2024 2,897,786
DEPRECIATION
At 1 July 2023 2,219,180
Charge for year 79,442
At 30 June 2024 2,298,622
NET BOOK VALUE
At 30 June 2024 599,164
At 30 June 2023 379,211

6. STOCKS
2024 2023
£ £
Stocks 403,837 485,119

TECNI-FORM LIMITED (REGISTERED NUMBER: 00975813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 698,017 849,749
Other debtors 249,297 166,712
947,314 1,016,461

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 11,730 -
Trade creditors 462,059 573,517
Amounts owed to related undertakings 12,435 13,077
Taxation and social security 284,592 181,933
Other creditors 240,194 345,629
1,061,010 1,164,156

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 58,333 104,167
Hire purchase contracts 34,213 -
92,546 104,167

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 108,333 154,167
Other loan - 172,575
Hire purchase contracts 45,943 -
154,276 326,742

Bank loans are secured by a fixed and floating charge over the company’s assets.

11. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 136,621 71,522

TECNI-FORM LIMITED (REGISTERED NUMBER: 00975813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


11. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 July 2023 71,522
Provided during year 65,099
Balance at 30 June 2024 136,621

12. POST BALANCE SHEET EVENTS

The company bought back 2,260 shares in October 2024.

13. LEASING AGREEMENTS

At 30 June 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £83,546 (2023 - £118,968).