Company registration number 07669816 (England and Wales)
ASSURE TECHNICAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
ASSURE TECHNICAL LIMITED
COMPANY INFORMATION
Directors
Mr P Rucinski
Mrs V L Rucinski
Company number
07669816
Registered office
Malvern Hills Science Park
Geraldine Road
Malvern
Worcestershire
WR14 3SZ
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
HSBC UK Bank Plc
1 Centenary Square
Birmingham
B1 1HQ
ASSURE TECHNICAL LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
ASSURE TECHNICAL LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ASSURE TECHNICAL LIMITED FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Assure Technical Limited for the year ended 30 June 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Assure Technical Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Assure Technical Limited and state those matters that we have agreed to state to the board of directors of Assure Technical Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Assure Technical Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Assure Technical Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Assure Technical Limited. You consider that Assure Technical Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Assure Technical Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
7 February 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ASSURE TECHNICAL LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
71,240
67,452
Current assets
Debtors
4
217,213
122,081
Cash at bank and in hand
33,823
129,646
251,036
251,727
Creditors: amounts falling due within one year
5
(206,391)
(189,432)
Net current assets
44,645
62,295
Total assets less current liabilities
115,885
129,747
Creditors: amounts falling due after more than one year
6
(10,424)
-
0
Provisions for liabilities
8
(14,657)
(929)
Net assets
90,804
128,818
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
90,704
128,718
Total equity
90,804
128,818

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ASSURE TECHNICAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 7 February 2025 and are signed on its behalf by:
Mr P  Rucinski
Director
Company registration number 07669816 (England and Wales)
ASSURE TECHNICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

Assure Technical Limited is a private company limited by shares incorporated in England and Wales. The registered office is Malvern Hills Science Park, Geraldine Road, Malvern, Worcestershire, WR14 3SZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computer equipment
33% on cost
Motor vehicles
25% on reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ASSURE TECHNICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
14
14
ASSURE TECHNICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
3
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2023
16,366
7,985
27,260
105,621
157,232
Additions
133
146
37,249
-
0
37,528
At 30 June 2024
16,499
8,131
64,509
105,621
194,760
Depreciation and impairment
At 1 July 2023
13,591
4,330
16,333
55,526
89,780
Depreciation charged in the year
733
956
19,525
12,526
33,740
At 30 June 2024
14,324
5,286
35,858
68,052
123,520
Carrying amount
At 30 June 2024
2,175
2,845
28,651
37,569
71,240
At 30 June 2023
2,775
3,655
10,927
50,095
67,452
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
148,566
95,801
Amounts owed by group undertakings
30,060
-
0
Other debtors
38,587
26,280
217,213
122,081
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
8,315
27,035
Trade creditors
42,821
27,131
Taxation and social security
91,632
92,233
Other creditors
63,623
43,033
206,391
189,432
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,424
-
0
ASSURE TECHNICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
7
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank overdrafts
10
-
0
Bank loans
18,729
27,035
18,739
27,035
Bank loans are secured by way of a government-backed guarantee.
8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
14,657
929
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of 10p each
1,000
750
100
75
Ordinary B of 10p each
-
250
-
25
1,000
1,000
100
100

During the year, the company passed an ordinary resolution by reclassifying 250 Ordinary B £0.10 shares into 250 Ordinary A £0.10 shares. The rights and privileges attached to these shares remain unaltered.

 

10
Related party transactions

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.

11
Control

Ultimate parent company

The ultimate parent company is Assure Group Holdings Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr P Rucinski and Mrs V L Rucinski by virtue of his controlling interest in the ultimate parent company.

2024-06-302023-07-01falsefalsefalse07 February 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr P RucinskiMrs V L Rucinski076698162023-07-012024-06-3007669816bus:Director12023-07-012024-06-3007669816bus:Director22023-07-012024-06-3007669816bus:RegisteredOffice2023-07-012024-06-3007669816bus:Agent12023-07-012024-06-30076698162024-06-30076698162023-06-3007669816core:PlantMachinery2024-06-3007669816core:FurnitureFittings2024-06-3007669816core:ComputerEquipment2024-06-3007669816core:MotorVehicles2024-06-3007669816core:PlantMachinery2023-06-3007669816core:FurnitureFittings2023-06-3007669816core:ComputerEquipment2023-06-3007669816core:MotorVehicles2023-06-3007669816core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3007669816core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3007669816core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3007669816core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3007669816core:CurrentFinancialInstruments2024-06-3007669816core:CurrentFinancialInstruments2023-06-3007669816core:ShareCapital2024-06-3007669816core:ShareCapital2023-06-3007669816core:RetainedEarningsAccumulatedLosses2024-06-3007669816core:RetainedEarningsAccumulatedLosses2023-06-3007669816core:ShareCapitalOrdinaryShares2024-06-3007669816core:ShareCapitalOrdinaryShares2023-06-3007669816core:PlantMachinery2023-07-012024-06-3007669816core:FurnitureFittings2023-07-012024-06-3007669816core:ComputerEquipment2023-07-012024-06-3007669816core:MotorVehicles2023-07-012024-06-30076698162022-07-012023-06-3007669816core:PlantMachinery2023-06-3007669816core:FurnitureFittings2023-06-3007669816core:ComputerEquipment2023-06-3007669816core:MotorVehicles2023-06-30076698162023-06-3007669816core:WithinOneYear2024-06-3007669816core:WithinOneYear2023-06-3007669816core:Non-currentFinancialInstruments2024-06-3007669816core:Non-currentFinancialInstruments2023-06-3007669816bus:PrivateLimitedCompanyLtd2023-07-012024-06-3007669816bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007669816bus:FRS1022023-07-012024-06-3007669816bus:AuditExemptWithAccountantsReport2023-07-012024-06-3007669816bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP