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REGISTERED NUMBER: 08479154 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Tekniikka Limited

Tekniikka Limited (Registered number: 08479154)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tekniikka Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J W Longman
J Longman





SECRETARY: J Longman





REGISTERED OFFICE: Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR





REGISTERED NUMBER: 08479154 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
Eldo House, Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Tekniikka Limited (Registered number: 08479154)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,102 5,102
Investment property 5 210,464 -
215,566 5,102

CURRENT ASSETS
Stocks 838,533 653,533
Debtors 6 113,184 183,649
Cash at bank 432,551 546,593
1,384,268 1,383,775
CREDITORS
Amounts falling due within one year 7 8,025 5,580
NET CURRENT ASSETS 1,376,243 1,378,195
TOTAL ASSETS LESS CURRENT LIABILITIES 1,591,809 1,383,297

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Retained earnings 1,586,809 1,378,297
SHAREHOLDERS' FUNDS 1,591,809 1,383,297

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

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

Tekniikka Limited (Registered number: 08479154)

Balance Sheet - continued
30 September 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 12 June 2025 and were signed on its behalf by:




J W Longman - Director



J Longman - Director


Tekniikka Limited (Registered number: 08479154)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Tekniikka 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
The investment property is shown at fair value. The directors have determined the fair value of the property at open market value based on assumptions on expected yield given the location and nature of the property comparable to other known sales or potential sales in the region. When considered appropriate, the directors will seek formal or informal valuations by land and estate agents. Should the fair value of the investment property change, it will be recognised in the profit or loss.

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Tekniikka Limited (Registered number: 08479154)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks, other financial institutions or related parties.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Tekniikka Limited (Registered number: 08479154)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 5,000 102 5,102
NET BOOK VALUE
At 30 September 2024 5,000 102 5,102
At 30 September 2023 5,000 102 5,102

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Air Options Limited
Registered office: Eldo House, Kempson Way, Bury St Edmunds, Suffolk, IP32 7AR
Nature of business: Supply and maintenance of air conditioning
%
Class of shares: holding
Ordinary A, B & C 100.00

Ideal Climate Limited
Registered office: Environment House 6 Swanbridge Industrial Park, Black Croft Road, Witham, England, CM8 3YN
Nature of business: Supply and maintenance of air conditioning
%
Class of shares: holding
Ordinary, Ordinary A & B 51.00

Tekniikka Limited (Registered number: 08479154)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 210,464
At 30 September 2024 210,464
NET BOOK VALUE
At 30 September 2024 210,464

The investment property was valued on an open market basis at 30 September 2024 by the directors of the company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 102,688 175,742
Other debtors 10,496 7,907
113,184 183,649

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,800 2,780
Other creditors 3,225 2,800
8,025 5,580

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary A £1 2,000 2,000
2,000 Ordinary B £1 2,000 2,000
1,000 Ordinary C £1 1,000 1,000
5,000 5,000