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REGISTERED NUMBER: 03268953 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

TECHNICAL OPTIONS (EUROPE) LIMITED

TECHNICAL OPTIONS (EUROPE) LIMITED (REGISTERED NUMBER: 03268953)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TECHNICAL OPTIONS (EUROPE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: M B Farnham





SECRETARY: Ms T Cunningham





REGISTERED OFFICE: Verdemar House
230 Park View
Whitley Bay
Tyne and Wear
NE26 3QR





REGISTERED NUMBER: 03268953 (England and Wales)





ACCOUNTANTS: T. O'Sullivan Limited
Chartered Certified Accountants
230 Park View
Whitley Bay
Tyne and Wear
NE26 3QR

TECHNICAL OPTIONS (EUROPE) LIMITED (REGISTERED NUMBER: 03268953)

ABRIDGED BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,020 3,868

CURRENT ASSETS
Debtors 279,931 420,497
Cash at bank 120,294 119,305
400,225 539,802
CREDITORS
Amounts falling due within one year 247,582 344,726
NET CURRENT ASSETS 152,643 195,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,663

198,944

PROVISIONS FOR LIABILITIES 5 574 735
NET ASSETS 155,089 198,209

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 154,989 198,109
SHAREHOLDERS' FUNDS 155,089 198,209

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TECHNICAL OPTIONS (EUROPE) LIMITED (REGISTERED NUMBER: 03268953)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2025 and were signed by:





M B Farnham - Director


TECHNICAL OPTIONS (EUROPE) LIMITED (REGISTERED NUMBER: 03268953)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Technical Options (Europe) 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.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 36,012
DEPRECIATION
At 1 November 2023 32,144
Charge for year 848
At 31 October 2024 32,992
NET BOOK VALUE
At 31 October 2024 3,020
At 31 October 2023 3,868

5. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 574 735

TECHNICAL OPTIONS (EUROPE) LIMITED (REGISTERED NUMBER: 03268953)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 735
Provided during year (161 )
Adjustment for year
Balance at 31 October 2024 574

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital 1 £1 100 100