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Company No: 04094727 (England and Wales)

TECNICOOL SERVICES LTD

Abridged Unaudited Financial Statements
For the financial year ended 31 December 2024

TECNICOOL SERVICES LTD

Abridged Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

TECNICOOL SERVICES LTD

COMPANY INFORMATION

For the financial year ended 31 December 2024
TECNICOOL SERVICES LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTOR Lee Mcculloch
SECRETARY Ashley Mcculloch
REGISTERED OFFICE Unit 1
Posterngate Farm
Harts Lane
South Godstone
RH9 8LZ
United Kingdom
COMPANY NUMBER 04094727 (England and Wales)
ACCOUNTANT Synergee
Pluto House
6 Vale Avenue
Tunbridge Wells
TN1 1DJ
TECNICOOL SERVICES LTD

BALANCE SHEET

As at 31 December 2024
TECNICOOL SERVICES LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.24 31.12.23
£ £
Fixed assets
Tangible assets 3 126,326 94,230
126,326 94,230
Current assets
Stocks 2,000 2,000
Debtors 632,682 619,509
Cash at bank and in hand 965,950 715,268
1,600,632 1,336,777
Creditors: amounts falling due within one year ( 236,596) ( 163,666)
Net current assets 1,364,036 1,173,111
Total assets less current liabilities 1,490,362 1,267,341
Creditors: amounts falling due after more than one year ( 4,532) ( 17,555)
Provision for liabilities 4 ( 31,581) ( 23,557)
Net assets 1,454,249 1,226,229
Capital and reserves
Called-up share capital 5 10,000 10,000
Profit and loss account 1,444,249 1,216,229
Total shareholders' funds 1,454,249 1,226,229

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Tecnicool Services Ltd (registered number: 04094727) were approved and authorised for issue by the Director on 20 August 2025. They were signed on its behalf by:

Lee Mcculloch
Director
TECNICOOL SERVICES LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
TECNICOOL SERVICES LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tecnicool Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1, Posterngate Farm, Harts Lane, South Godstone, RH9 8LZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised to the extent it is probable that economic benefit will flow to the company, and that it can be reliably measured. Turnover is measured at the fair value of consideration received or receivable, net of discounts, rebates, VAT and other sales taxes.

Turnover from the provision of services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when the following conditions are satisfied:

- the amount of turnover can be measured reliably;
- it is probable that consideration due will be received;
- the stage of completion of the contract at the reporting date can be measured reliably, and
- the costs incurred, or to be incurred, can be measured reliably.

Turnover recognised but not billed at the reporting date is treated as amounts recoverable on contracts due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance
4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the the cost of purchase of finished goods for resale. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

31.12.24 31.12.23
Number Number
Monthly average number of persons employed by the Company during the year, including the director 11 11

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 208,589 208,589
Additions 71,195 71,195
Disposals ( 19,308) ( 19,308)
At 31 December 2024 260,476 260,476
Accumulated depreciation
At 01 January 2024 114,359 114,359
Charge for the financial year 32,552 32,552
Disposals ( 12,759) ( 12,759)
rounding ( 2) ( 2)
At 31 December 2024 134,150 134,150
Net book value
At 31 December 2024 126,326 126,326
At 31 December 2023 94,230 94,230

4. Provision for liabilities

31.12.24 31.12.23
£ £
Deferred tax 31,581 23,557

5. Called-up share capital

31.12.24 31.12.23
£ £
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 1.00 each 10,000 10,000

6. Related party transactions

Transactions with the entity's director

Advances

As at 31 December 2024, the directors owed £2,873 (2023: £40,505) to the company. In the year then ended, £2,873 was advanced, £40,505 has been repaid, £nil has been written off, and £nil has been waived.

Amounts advanced to directors are unsecured and repayable on demand. Interest is charged at HMRC’s official rate.