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REGISTERED NUMBER: 02643468 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Techniques Group Limited

Techniques Group Limited (Registered number: 02643468)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Techniques Group Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J W Croucher
J P Giles





REGISTERED OFFICE: Suite 3, Dukes House
4-6 High Street
Windsor
SL4 1LD





REGISTERED NUMBER: 02643468 (England and Wales)





ACCOUNTANTS: Three Kings Accounting Ltd
Suite 3
Dukes House
4-6 High Street
Windsor
Berkshire
SL4 1LD

Techniques Group Limited (Registered number: 02643468)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 104,948 133,687
104,948 133,687

CURRENT ASSETS
Stocks 3,000 5,920
Debtors 6 275,667 303,410
Cash at bank 2,960 21,553
281,627 330,883
CREDITORS
Amounts falling due within one year 7 269,611 311,654
NET CURRENT ASSETS 12,016 19,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,964

152,916

CREDITORS
Amounts falling due after more than one
year

8

86,527

154,036
NET ASSETS/(LIABILITIES) 30,437 (1,120 )

Techniques Group Limited (Registered number: 02643468)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 29,437 (2,120 )
30,437 (1,120 )

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

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

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 25 April 2025 and were signed on its behalf by:





J P Giles - Director


Techniques Group Limited (Registered number: 02643468)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Techniques Group 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

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

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 etc - 20% on reducing balance and 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Techniques Group Limited (Registered number: 02643468)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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 7 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 163,936
AMORTISATION
At 1 January 2024
and 31 December 2024 163,936
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Techniques Group Limited (Registered number: 02643468)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 483,803
Additions 773
At 31 December 2024 484,576
DEPRECIATION
At 1 January 2024 350,116
Charge for year 29,512
At 31 December 2024 379,628
NET BOOK VALUE
At 31 December 2024 104,948
At 31 December 2023 133,687

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 30,769 32,770
Other debtors 244,898 270,640
275,667 303,410

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 39,795 30,646
Taxation and social security 44,672 77,643
Other creditors 185,144 203,365
269,611 311,654

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 86,527 154,036

Techniques Group Limited (Registered number: 02643468)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Other loans 27,275 45,614

The invoice discounting facility of £13,346 (2023 - £20,214) is secured by fixed and floating charges over the company’s assets.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
J W Croucher
Balance outstanding at start of year 115,945 114,574
Amounts advanced 7,699 18,908
Amounts repaid (9,732 ) (17,537 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 113,912 115,945

J P Giles
Balance outstanding at start of year 75,890 87,449
Amounts advanced 3,630 11,281
Amounts repaid (26,382 ) (22,840 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53,138 75,890