TECHNI LIMITED
Company registration number 05644881 (England and Wales)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TECHNI LIMITED
COMPANY INFORMATION
Directors
Mrs L Doel
Mr P K Doel
Secretary
Mrs L Doel
Company number
05644881
Registered office
Unit 12
Sundorne Trading Park
Featherbed Lane
Shrewsbury
Shropshire
SY1 4NS
Auditor
Dyke Yaxley Limited
1 Brassey Road
Old Potts Way
Shrewsbury
Shropshire
SY3 7FA
TECHNI LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Profit and loss account
8
Group statement of comprehensive income
9
Group balance sheet
10
Company balance sheet
11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Company statement of cash flows
15
Notes to the financial statements
16 - 31
TECHNI LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The directors present the strategic report for the year ended 31 December 2024.

Review of the business

We intend to provide a fair and thorough assessment of the business's progress and performance over the past year, as well as its standing at the end of the year. Our assessment aligns with the scale and uncomplicated nature of the business and is framed within the context of the risks and uncertainties we encounter.

The results for the year indicate a 11.22% increase in group turnover as of 31 December 2024. The gross profit margin decreased by 4.08%, whereas the operating profit margin decreased slightly by 1.98%.

Principal risks and uncertainties

The management of the business and the execution of the group's strategy are exposed to various risks. The primary business risks impacting the company are outlined below.

Competition

The group operates in a highly competitive niche market. We are committed to significant investment in R&D for our core products and will continue to expand our product range.

Employees

The group's performance largely depends on its staff. Losing key individuals and being unable to recruit people with the right experience and skills could negatively impact on the company's results. To address these potential issues, the group offers comprehensive training and learning programs for employees, along with competitive remuneration packages designed to retain key individuals.

Summary of outlook

We are the market leader with significant differentiation in a rapidly developing industry.

Key performance indicators

The group's turnover increased by approximately 11.22% during the year ending 31 December 2024. Significant factors impacting the turnover include:

Techni Limited's turnover increased slightly by 1.26%. The company won new business due to increased salespeople and an investment in additional workshop space. However, a significant contract was delayed until 2025.

Techni US LLC's turnover decreased by 13.61%. The reduced turnover was mainly due to the decrease in US RV sales volume. Despite the highly competitive market, the company increased its market share in its core products. Developing new product lines has set the company on a good growth trajectory from 2024 into 2025.

Techni Engineering Solutions S.L.'s turnover has increased by 38.61%. The company has expanded its European customer base and has begun serving customers previously supplied by the U.K. The increase in finished goods and parts stock has contributed significantly to the rise in sales.

The overall gross profit decreased by 4.08%, due to price pressures from suppliers.

Operating profit has decreased from £603,642 to £384,800. The most significant matter impacting the operating profit of the group for the year ended 31 December 2024 related to the movement in human resources - increase in labour force to accommodate growth.

The group's directors establish and oversee business targets. Due to the nature of the business, the directors believe that additional analysis using Key Performance Indicators (KPIs) is unnecessary to understand the company group's development, performance, or position on a standalone basis. However, various KPIs are monitored at a Techni Group level to identify performance trends and compare against key objectives.

TECHNI LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -

On behalf of the board

Mr P K Doel
Director
9 July 2025
TECHNI LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Principal activities

The principal activity of the company is that of design, development and distribution of mobile air conditioning and transport refrigeration products.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £144,000. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mrs L Doel
Mr P K Doel
Strategic report

The truegroup has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the group's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
Mr P K Doel
Director
9 July 2025
TECHNI LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TECHNI LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TECHNI LIMITED
- 5 -
Opinion

We have audited the financial statements of Techni Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

TECHNI LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TECHNI LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud.

We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

 

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, General Data Protection Regulation (GDPR), employment laws, environmental legislation, health and safety regulations and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, inspection of relevant certifications and reports, inspection of minutes of Board meetings held and enquiries with management.

TECHNI LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TECHNI LIMITED
- 7 -

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

 

We did not identify any audit matters relating to irregularities, including fraud.

 

As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Elwyn Turner FCA (Senior Statutory Auditor)
For and on behalf of Dyke Yaxley Limited, Statutory Auditor
Chartered Accountants
1 Brassey Road
Old Potts Way
Shrewsbury
Shropshire
SY3 7FA
10 July 2025
TECHNI LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
2024
2023
Notes
£
£
Turnover
3
14,467,974
13,008,942
Cost of sales
(7,268,029)
(6,003,749)
Gross profit
7,199,945
7,005,193
Administrative expenses
(6,825,607)
(6,401,984)
Other operating income
10,462
434
Operating profit
4
384,800
603,643
Interest receivable and similar income
7
5,759
4,579
Interest payable and similar expenses
8
(49,467)
(43,162)
Profit before taxation
341,092
565,060
Tax on profit
9
(29,851)
(87,942)
Profit for the financial year
311,241
477,118
Profit for the financial year is all attributable to the owners of the parent company.
TECHNI LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
2024
2023
£
£
Profit for the year
311,241
477,118
Other comprehensive income
Currency translation gain arising in the year
43,409
87,904
Cash flow hedges gain arising in the year
-
0
-
0
Total comprehensive income for the year
354,650
565,022
Total comprehensive income for the year is all attributable to the owners of the parent company.
TECHNI LIMITED
GROUP BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 10 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
11
9,728
14,593
Tangible assets
12
1,902,028
1,962,087
1,911,756
1,976,680
Current assets
Stocks
15
4,942,293
4,434,780
Debtors
16
1,616,174
1,603,556
Cash at bank and in hand
239,442
596,863
6,797,909
6,635,199
Creditors: amounts falling due within one year
17
(3,660,555)
(3,651,353)
Net current assets
3,137,354
2,983,846
Total assets less current liabilities
5,049,110
4,960,526
Creditors: amounts falling due after more than one year
18
(117,962)
(229,059)
Provisions for liabilities
Deferred tax liability
20
297,392
308,361
(297,392)
(308,361)
Net assets
4,633,756
4,423,106
Capital and reserves
Called up share capital
22
2,000
2,000
Other reserves
207,963
164,554
Profit and loss reserves
4,423,793
4,256,552
Total equity
4,633,756
4,423,106

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 9 July 2025 and are signed on its behalf by:
09 July 2025
Mr P K Doel
Director
Company registration number 05644881 (England and Wales)
TECHNI LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 11 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
11
9,728
14,593
Tangible assets
12
1,623,866
1,669,943
Investments
13
5,666
4,666
1,639,260
1,689,202
Current assets
Stocks
15
2,342,618
2,332,371
Debtors
16
1,792,514
2,063,915
Cash at bank and in hand
-
0
61,094
4,135,132
4,457,380
Creditors: amounts falling due within one year
17
(2,535,612)
(2,707,888)
Net current assets
1,599,520
1,749,492
Total assets less current liabilities
3,238,780
3,438,694
Creditors: amounts falling due after more than one year
18
(117,962)
(214,255)
Provisions for liabilities
Deferred tax liability
20
295,419
305,237
(295,419)
(305,237)
Net assets
2,825,399
2,919,202
Capital and reserves
Called up share capital
22
2,000
2,000
Profit and loss reserves
2,823,399
2,917,202
Total equity
2,825,399
2,919,202

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £50,197 (2023 - £151,667 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 9 July 2025 and are signed on its behalf by:
09 July 2025
Mr P K Doel
Director
Company registration number 05644881 (England and Wales)
TECHNI LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 12 -
Share capital
Currency translation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2023
2,000
76,650
3,923,434
4,002,084
Year ended 31 December 2023:
Profit for the year
-
-
477,118
477,118
Other comprehensive income:
Currency translation differences
-
87,904
-
0
87,904
Total comprehensive income
-
87,904
477,118
565,022
Dividends
10
-
-
(144,000)
(144,000)
Balance at 31 December 2023
2,000
164,554
4,256,552
4,423,106
Year ended 31 December 2024:
Profit for the year
-
-
311,241
311,241
Other comprehensive income:
Currency translation differences
-
43,409
-
0
43,409
Total comprehensive income
-
43,409
311,241
354,650
Dividends
10
-
-
(144,000)
(144,000)
Balance at 31 December 2024
2,000
207,963
4,423,793
4,633,756
TECHNI LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 13 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2023
2,000
2,909,536
2,911,536
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
151,666
151,666
Dividends
10
-
(144,000)
(144,000)
Balance at 31 December 2023
2,000
2,917,202
2,919,202
Year ended 31 December 2024:
Profit and total comprehensive income
-
50,197
50,197
Dividends
10
-
(144,000)
(144,000)
Balance at 31 December 2024
2,000
2,823,399
2,825,399
TECHNI LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
26
(379,734)
1,318,250
Interest paid
(49,467)
(43,162)
Income taxes refunded/(paid)
134,851
(395,541)
Net cash (outflow)/inflow from operating activities
(294,350)
879,547
Investing activities
Purchase of tangible fixed assets
(190,702)
(282,864)
Proceeds from disposal of tangible fixed assets
4,684
-
Purchase of subsidiaries, net of cash acquired
(1,000)
-
Repayment of loans
(100,650)
(34,776)
Interest received
5,759
4,579
Net cash used in investing activities
(281,909)
(313,061)
Financing activities
Proceeds from new bank loans
405,906
-
Repayment of bank loans
(110,156)
(78,782)
Payment of finance leases obligations
(95,751)
(98,739)
Dividends paid to equity shareholders
(144,000)
(144,000)
Net cash generated from/(used in) financing activities
55,999
(321,521)
Net (decrease)/increase in cash and cash equivalents
(520,260)
244,965
Cash and cash equivalents at beginning of year
(107,627)
(441,162)
Effect of foreign exchange rates
7,736
88,570
Cash and cash equivalents at end of year
(620,151)
(107,627)
Relating to:
Cash at bank and in hand
239,442
596,863
Bank overdrafts included in creditors payable within one year
(859,593)
(704,490)
TECHNI LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
27
343,614
135,222
Interest paid
(48,467)
(41,449)
Income taxes refunded
-
0
25,467
Net cash inflow from operating activities
295,147
119,240
Investing activities
Purchase of tangible fixed assets
(175,222)
(118,521)
Proceeds from disposal of tangible fixed assets
4,684
-
0
Purchase of subsidiaries
(1,000)
-
0
Interest received
911
1,950
Net cash used in investing activities
(170,627)
(116,571)
Financing activities
Proceeds from borrowings
-
0
279,486
Repayment of borrowings
(90,827)
-
Repayment of bank loans
(10,139)
(68,892)
Payment of finance leases obligations
(95,751)
(98,739)
Dividends paid to equity shareholders
(144,000)
(144,000)
Net cash used in financing activities
(340,717)
(32,145)
Net decrease in cash and cash equivalents
(216,197)
(29,476)
Cash and cash equivalents at beginning of year
(643,396)
(613,920)
Cash and cash equivalents at end of year
(859,593)
(643,396)
Relating to:
Cash at bank and in hand
-
0
61,094
Bank overdrafts included in creditors payable within one year
(859,593)
(704,490)
TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
1
Accounting policies
Company information

Techni Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Unit 12, Sundorne Trading Park, Featherbed Lane, Shrewsbury, Shropshire, SY1 4NS.

 

The group consists of Techni Limited and all of its subsidiaries.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

1.2
Business combinations

In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. Investments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

 

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Techni Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

 

All financial statements are made up to 31 December 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

 

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 17 -

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

 

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

 

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

1.4
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Turnover

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

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from services rendered is recognised on completion of the service due to the short term nature of services supplied, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.6
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.7
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 18 -

Amortisation 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:

Software
5 years Straight Line
1.8
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:

Leasehold land and buildings
4% Straight Line
Plant and equipment
7% & 15% Reducing Balance / 12-25% Straight Line
Fixtures and fittings
10 & 15% Reducing Balance / 25% Straight Line
Office improvements
25% Straight Line
Motor vehicles
15% & 25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.9
Fixed asset investments

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

 

In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.10
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.11
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 19 -
1.12
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.13
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

1.14
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.15
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 group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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.

1.16
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.17
Retirement benefits

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

TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 20 -
1.18
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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 leased asset are consumed.

1.19
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

No key accounting estimates have been recognised during the current and prior financial years. Other non-key estimates recognised include accruals, prepayments and depreciation.

3
Turnover and other revenue
2024
2023
£
£
Turnover analysed by geographical market
United Kingdom
6,348,130
4,772,368
Europe
2,096,748
1,543,566
United States of America
5,172,938
6,299,343
Rest of the world
850,158
393,665
14,467,974
13,008,942
TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3
Turnover and other revenue
(Continued)
- 21 -
2024
2023
£
£
Other revenue
Interest income
5,759
4,579
Commissions received
-
434
4
Operating profit
2024
2023
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange losses
54,938
177,049
Research and development costs
26,708
30,208
Fees payable to the group's auditor for the audit of the group's financial statements
42,000
32,000
Depreciation of owned tangible fixed assets
249,076
219,406
Profit on disposal of tangible fixed assets
(2,276)
-
Amortisation of intangible assets
4,865
4,865
Operating lease charges
344,236
244,049
5
Employees

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

Group
Company
2024
2023
2024
2023
Number
Number
Number
Number
100
88
64
56

Their aggregate remuneration comprised:

Group
Company
2024
2023
2024
2023
£
£
£
£
Wages and salaries
3,458,365
3,160,769
1,753,774
1,510,768
Social security costs
237,818
203,981
158,614
140,176
Pension costs
734,304
709,703
33,152
29,693
4,430,487
4,074,453
1,945,540
1,680,637
TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 22 -
6
Directors' remuneration
2024
2023
£
£
Remuneration for qualifying services
720,284
759,804
Company pension contributions to defined contribution schemes
554,400
559,198
1,274,684
1,319,002
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2024
2023
£
£
Remuneration for qualifying services
307,045
309,046
Company pension contributions to defined contribution schemes
281,200
283,654

As in the prior year, company pension contributions accrued to both of the directors during the year.

7
Interest receivable and similar income
2024
2023
£
£
Interest income
Interest on bank deposits
5,651
3,914
Other interest income
108
665
Total income
5,759
4,579
2024
2023
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
5,651
3,914
8
Interest payable and similar expenses
2024
2023
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
33,582
24,396
Other finance costs:
Interest on finance leases and hire purchase contracts
15,881
18,392
Other interest
4
374
Total finance costs
49,467
43,162
TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 23 -
9
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
-
0
28,366
Adjustments in respect of prior periods
(63,426)
(86,937)
Total UK current tax
(63,426)
(58,571)
Foreign current tax on profits for the current period
104,245
93,120
Total current tax
40,819
34,549
Deferred tax
Origination and reversal of timing differences
(10,968)
53,393
Total tax charge
29,851
87,942

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2024
2023
£
£
Profit before taxation
341,092
565,060
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 23.50%)
85,273
132,789
Tax effect of expenses that are not deductible in determining taxable profit
5,760
6,851
Adjustments in respect of prior years
(63,426)
(86,937)
Permanent capital allowances in excess of depreciation
10,590
(57,945)
Deferred tax adjustments in respect of prior years
(11,041)
53,320
Foreign taxation based on different rates and foreign currency translation
-
0
39,864
Research and development tax credit utilised
2,695
-
0
Taxation charge
29,851
87,942
10
Dividends
2024
2023
Recognised as distributions to equity holders:
£
£
Interim paid
144,000
144,000
TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 24 -
11
Intangible fixed assets
Group
Software
£
Cost
At 1 January 2024 and 31 December 2024
24,323
Amortisation and impairment
At 1 January 2024
9,730
Amortisation charged for the year
4,865
At 31 December 2024
14,595
Carrying amount
At 31 December 2024
9,728
At 31 December 2023
14,593
Company
Software
£
Cost
At 1 January 2024 and 31 December 2024
24,323
Amortisation and impairment
At 1 January 2024
9,730
Amortisation charged for the year
4,865
At 31 December 2024
14,595
Carrying amount
At 31 December 2024
9,728
At 31 December 2023
14,593
TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 25 -
12
Tangible fixed assets
Group
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Office improvements
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2024
442,695
2,657,223
479,398
48,396
209,090
3,836,802
Additions
49,489
108,183
20,035
-
0
12,995
190,702
Disposals
-
0
-
0
-
0
-
0
(10,703)
(10,703)
Exchange adjustments
1,092
(1,007)
(1,021)
-
0
918
(18)
At 31 December 2024
493,276
2,764,399
498,412
48,396
212,300
4,016,783
Depreciation and impairment
At 1 January 2024
68,933
1,385,398
250,627
43,280
126,477
1,874,715
Depreciation charged in the year
17,033
176,051
28,611
2,366
25,015
249,076
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(8,295)
(8,295)
Exchange adjustments
19
(734)
(688)
-
0
662
(741)
At 31 December 2024
85,985
1,560,715
278,550
45,646
143,859
2,114,755
Carrying amount
At 31 December 2024
407,291
1,203,684
219,862
2,750
68,441
1,902,028
At 31 December 2023
373,762
1,271,825
228,771
5,116
82,613
1,962,087
TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12
Tangible fixed assets
(Continued)
- 26 -
Company
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Office improvements
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2024
304,267
2,521,743
340,591
48,396
144,909
3,359,906
Additions
41,030
105,163
16,034
-
0
12,995
175,222
Disposals
-
0
-
0
-
0
-
0
(10,703)
(10,703)
At 31 December 2024
345,297
2,626,906
356,625
48,396
147,201
3,524,425
Depreciation and impairment
At 1 January 2024
57,251
1,296,530
208,088
43,280
84,814
1,689,963
Depreciation charged in the year
13,731
164,360
21,159
2,366
17,275
218,891
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(8,295)
(8,295)
At 31 December 2024
70,982
1,460,890
229,247
45,646
93,794
1,900,559
Carrying amount
At 31 December 2024
274,315
1,166,016
127,378
2,750
53,407
1,623,866
At 31 December 2023
247,016
1,225,213
132,503
5,116
60,095
1,669,943
13
Fixed asset investments
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Investments in subsidiaries
14
-
0
-
0
5,666
4,666
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2024
4,666
Additions
1,000
At 31 December 2024
5,666
Carrying amount
At 31 December 2024
5,666
At 31 December 2023
4,666
TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 27 -
14
Subsidiaries

Details of the company's subsidiaries at 31 December 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Techni US LLC
6101 Guion Road, Indianapolis, IN 46254
Ordinary
100.00
Techni Engineering Solutions SL
Pol. Ind. Nueva Campana, Nave 46A, Marbella, Malaga, 29660, Spain
Ordinary
100.00
Techni Engineering Limited
Unit 12, Sundome Trading Park, Featherbed Lane, Shrewsbury, Shropshire, SY1 4NS
Ordinary
100.00
Techni Systems Limited
Unit 12, Sundome Trading Park, Featherbed Lane, Shrewsbury, Shropshire, SY1 4NS
Ordinary
100.00

For the year ended 31 December 2024 Techni Engineering Limited (company number 09233774) has claimed exemption from the requirements of the Companies Act 2006 relating to the audit of its individual accounts by virtue of section 479A.

 

As Techni Systems Limited (company number 15829704) was a dormant company for the year ended 31 December 2024, the company is exempt from the requirement to prepare individual accounts by virtue of section 394A of the Companies Act 2006 and the directors are exempt from the requirement to deliver a copy of the dormant subsidiary's individual accounts to the registrar by virtue of section 448A of the Companies Act 2006.

 

15
Stocks
Group
Company
2024
2023
2024
2023
£
£
£
£
Work in progress
213,652
96,440
58,007
53,011
Finished goods and goods for resale
4,728,641
4,338,340
2,284,611
2,279,360
4,942,293
4,434,780
2,342,618
2,332,371
16
Debtors
Group
Company
2024
2023
2024
2023
Amounts falling due within one year:
£
£
£
£
Trade debtors
1,315,299
1,187,404
807,146
533,719
Corporation tax recoverable
69,336
243,944
69,336
34,276
Other debtors
174,082
135,843
867,055
1,467,915
Prepayments and accrued income
57,457
36,365
48,977
28,005
1,616,174
1,603,556
1,792,514
2,063,915
TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 28 -
17
Creditors: amounts falling due within one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Bank loans and overdrafts
19
1,200,833
724,783
869,993
714,636
Obligations under finance leases
85,900
95,751
85,900
95,751
Other borrowings
19
-
0
-
0
522,761
613,588
Payments received on account
13,323
-
0
13,323
-
0
Trade creditors
1,582,450
2,057,121
882,791
1,197,133
Corporation tax payable
53,001
87,888
-
0
-
0
Other taxation and social security
110,893
46,833
100,737
36,037
Other creditors
36,573
14,757
8,107
8,743
Accruals and deferred income
577,582
624,220
52,000
42,000
3,660,555
3,651,353
2,535,612
2,707,888
18
Creditors: amounts falling due after more than one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Bank loans and overdrafts
19
4,412
29,609
4,412
14,805
Obligations under finance leases
113,550
199,450
113,550
199,450
117,962
229,059
117,962
214,255
19
Loans and overdrafts
Group
Company
2024
2023
2024
2023
£
£
£
£
Bank loans
345,652
49,902
14,812
24,951
Bank overdrafts
859,593
704,490
859,593
704,490
Loans from group undertakings
-
0
-
0
522,761
613,588
1,205,245
754,392
1,397,166
1,343,029
Payable within one year
1,200,833
724,783
1,392,754
1,328,224
Payable after one year
4,412
29,609
4,412
14,805

The long-term loans are secured by fixed and floating charge over the company assets.

TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 29 -
20
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2024
2023
Group
£
£
Accelerated capital allowances
297,392
308,361
Liabilities
Liabilities
2024
2023
Company
£
£
Accelerated capital allowances
295,419
305,237
Group
Company
2024
2024
Movements in the year:
£
£
Liability at 1 January 2024
308,361
305,237
Credit to profit or loss
(10,969)
(9,818)
Liability at 31 December 2024
297,392
295,419

The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

21
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
734,304
709,703

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

22
Share capital
Group and company
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
2,000
2,000
2,000
2,000
TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 30 -
23
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2024
2023
2024
2023
£
£
£
£
Within one year
749,421
794,203
259,759
261,805
Between two and five years
1,583,101
1,828,320
371,772
437,883
In over five years
-
244,517
-
-
2,332,522
2,867,040
631,531
699,688
24
Related party transactions

The company has taken advantage of the exemption in s.33 FRS 102 from disclosing transactions with related parties that are wholly owned by the group.

25
Directors' transactions

Techni US LLC:

At year end 31 December 2024, an amount of £135,426 (2023: £34,776) was receivable from the directors.

26
Cash (absorbed by)/generated from group operations
2024
2023
£
£
Profit after taxation
311,241
477,118
Adjustments for:
Taxation charged
29,851
87,942
Finance costs
49,467
43,162
Investment income
(5,759)
(4,579)
Gain on disposal of tangible fixed assets
(2,276)
-
Amortisation and impairment of intangible assets
4,865
4,865
Depreciation and impairment of tangible fixed assets
249,076
219,406
Movements in working capital:
Increase in stocks
(507,513)
(931,398)
(Increase)/decrease in debtors
(86,576)
18,505
(Decrease)/increase in creditors
(422,110)
1,403,229
Cash (absorbed by)/generated from operations
(379,734)
1,318,250
TECHNI LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 31 -
27
Cash generated from operations - company
2024
2023
£
£
Profit after taxation
50,197
151,666
Adjustments for:
Taxation credited
(44,878)
(35,468)
Finance costs
48,467
41,449
Investment income
(911)
(1,950)
Gain on disposal of tangible fixed assets
(2,276)
-
Amortisation and impairment of intangible assets
4,865
4,865
Depreciation and impairment of tangible fixed assets
218,891
195,437
Movements in working capital:
Increase in stocks
(10,247)
(214,845)
Decrease/(increase) in debtors
306,461
(629,268)
(Decrease)/increase in creditors
(226,955)
623,336
Cash generated from operations
343,614
135,222
28
Analysis of changes in net debt - group
1 January 2024
Cash flows
Exchange rate movements
31 December 2024
£
£
£
£
Cash at bank and in hand
596,863
(365,157)
7,736
239,442
Bank overdrafts
(704,490)
(155,103)
-
(859,593)
(107,627)
(520,260)
7,736
(620,151)
Borrowings excluding overdrafts
(49,902)
(295,750)
-
(345,652)
Obligations under finance leases
(295,201)
95,751
-
(199,450)
(452,730)
(720,259)
7,736
(1,165,253)
29
Analysis of changes in net debt - company
1 January 2024
Cash flows
31 December 2024
£
£
£
Cash at bank and in hand
61,094
(61,094)
-
Bank overdrafts
(704,490)
(155,103)
(859,593)
(643,396)
(216,197)
(859,593)
Borrowings excluding overdrafts
(638,539)
100,966
(537,573)
Obligations under finance leases
(295,201)
95,751
(199,450)
(1,577,136)
(19,480)
(1,596,616)
2024-12-312024-01-01falsefalseCCH SoftwareCCH Accounts Production 2025.100Mr P K DoelMr P K DoelMrs L 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