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REGISTERED NUMBER: 13007278 (England and Wales)


















Technique Magazine Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2024






Technique Magazine Ltd (Registered number: 13007278)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Technique Magazine Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: P J Glynn





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottingham
NG2 6AB





REGISTERED NUMBER: 13007278 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Technique Magazine Ltd (Registered number: 13007278)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 3,363 4,450
Tangible assets 6 386 515
3,749 4,965

CURRENT ASSETS
Debtors 7 7,409 2,137
Cash at bank 62,733 66,831
70,142 68,968
CREDITORS
Amounts falling due within one year 8 9,236 13,681
NET CURRENT ASSETS 60,906 55,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,655

60,252

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 64,654 60,251
SHAREHOLDERS' FUNDS 64,655 60,252

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2025 and were signed by:



P J Glynn - Director


Technique Magazine Ltd (Registered number: 13007278)

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

1. STATUTORY INFORMATION

Technique Magazine Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Intangible assets
Computer Software is being amortised on a reducing balance basis of 25%

Patents and licences are being amortised evenly over their estimated useful life of 10 years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment is being amortised on a reducing balance basis of 25%

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Technique Magazine Ltd (Registered number: 13007278)

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

5. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 320 10,000 10,320
AMORTISATION
At 1 December 2023 89 5,781 5,870
Amortisation for year 32 1,055 1,087
At 30 November 2024 121 6,836 6,957
NET BOOK VALUE
At 30 November 2024 199 3,164 3,363
At 30 November 2023 231 4,219 4,450

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 915
DEPRECIATION
At 1 December 2023 400
Charge for year 129
At 30 November 2024 529
NET BOOK VALUE
At 30 November 2024 386
At 30 November 2023 515

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 7,379 1,172
Other debtors 30 965
7,409 2,137

Technique Magazine Ltd (Registered number: 13007278)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 44 78
Taxation and social security 9,068 13,603
Other creditors 124 -
9,236 13,681

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1 Ordinary £1 1 1