Technique Finishing Limited 05380856 false 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is powder coating, stove enamelling and paint finishing. Digita Accounts Production Advanced 6.30.9574.0 true 05380856 2024-05-01 2025-04-30 05380856 2025-04-30 05380856 bus:CompanySecretaryDirector1 1 2025-04-30 05380856 bus:Director2 1 2025-04-30 05380856 bus:OrdinaryShareClass1 2025-04-30 05380856 core:CurrentFinancialInstruments 2025-04-30 05380856 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 05380856 core:Non-currentFinancialInstruments 2025-04-30 05380856 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 05380856 core:FurnitureFittingsToolsEquipment 2025-04-30 05380856 core:LandBuildings 2025-04-30 05380856 core:MotorVehicles 2025-04-30 05380856 bus:SmallEntities 2024-05-01 2025-04-30 05380856 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 05380856 bus:FilletedAccounts 2024-05-01 2025-04-30 05380856 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 05380856 bus:RegisteredOffice 2024-05-01 2025-04-30 05380856 bus:CompanySecretaryDirector1 2024-05-01 2025-04-30 05380856 bus:CompanySecretaryDirector1 1 2024-05-01 2025-04-30 05380856 bus:Director2 2024-05-01 2025-04-30 05380856 bus:Director2 1 2024-05-01 2025-04-30 05380856 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 05380856 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 05380856 bus:Agent1 2024-05-01 2025-04-30 05380856 core:FurnitureFittingsToolsEquipment 2024-05-01 2025-04-30 05380856 core:LandBuildings 2024-05-01 2025-04-30 05380856 core:MotorVehicles 2024-05-01 2025-04-30 05380856 core:PlantMachinery 2024-05-01 2025-04-30 05380856 countries:England 2024-05-01 2025-04-30 05380856 2024-04-30 05380856 bus:CompanySecretaryDirector1 1 2024-04-30 05380856 bus:Director2 1 2024-04-30 05380856 core:FurnitureFittingsToolsEquipment 2024-04-30 05380856 core:LandBuildings 2024-04-30 05380856 core:MotorVehicles 2024-04-30 05380856 2023-05-01 2024-04-30 05380856 2024-04-30 05380856 bus:CompanySecretaryDirector1 1 2024-04-30 05380856 bus:Director2 1 2024-04-30 05380856 bus:OrdinaryShareClass1 2024-04-30 05380856 core:CurrentFinancialInstruments 2024-04-30 05380856 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 05380856 core:Non-currentFinancialInstruments 2024-04-30 05380856 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 05380856 core:FurnitureFittingsToolsEquipment 2024-04-30 05380856 core:LandBuildings 2024-04-30 05380856 core:MotorVehicles 2024-04-30 05380856 bus:CompanySecretaryDirector1 1 2023-05-01 2024-04-30 05380856 bus:Director2 1 2023-05-01 2024-04-30 05380856 bus:CompanySecretaryDirector1 1 2023-04-30 05380856 bus:Director2 1 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05380856

Technique Finishing Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2025

 

Technique Finishing Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Technique Finishing Limited

Company Information

Directors

Nicola Cook

Terry Cook

Company secretary

Nicola Cook

Registered office

The Matform Buisness Centre
Unit 7 Terminus Road
Chichester
West Sussex
PO19 2UL

Accountants

Blue Spire Limited Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Technique Finishing Limited
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Technique Finishing Limited for the year ended 30 April 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Technique Finishing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Technique Finishing Limited and state those matters that we have agreed to state to the Board of Directors of Technique Finishing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Technique Finishing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Technique Finishing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Technique Finishing Limited. You consider that Technique Finishing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Technique Finishing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

22 August 2025

 

Technique Finishing Limited

(Registration number: 05380856)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

205,995

115,266

Current assets

 

Stocks

5

10,000

10,000

Debtors

6

236,824

164,375

Cash at bank and in hand

 

176,728

100,861

 

423,552

275,236

Creditors: Amounts falling due within one year

7

(260,925)

(159,160)

Net current assets

 

162,627

116,076

Total assets less current liabilities

 

368,622

231,342

Creditors: Amounts falling due after more than one year

7

(158,777)

(166,290)

Net assets

 

209,845

65,052

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

209,745

64,952

Shareholders' funds

 

209,845

65,052

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 August 2025 and signed on its behalf by:
 

.........................................
Nicola Cook
Company secretary and director

 

Technique Finishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Matform Buisness Centre
Unit 7 Terminus Road
Chichester
West Sussex
PO19 2UL

These financial statements were authorised for issue by the Board on 22 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% reducing balance

Furniture, fittings & equipment

15% reducing balance

 

Technique Finishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Technique Finishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 12).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2024

11,418

295,494

85,272

392,184

Additions

-

49,495

67,220

116,715

At 30 April 2025

11,418

344,989

152,492

508,899

Depreciation

At 1 May 2024

999

199,417

76,502

276,918

Charge for the year

1,142

17,311

7,533

25,986

At 30 April 2025

2,141

216,728

84,035

302,904

Carrying amount

At 30 April 2025

9,277

128,261

68,457

205,995

At 30 April 2024

10,419

96,077

8,770

115,266

Included within the net book value of land and buildings above is £9,277 (2024 - £10,419) in respect of long leasehold land and buildings.
 

5

Stocks

2025
£

2024
£

Work in progress

5,000

5,000

Finished goods and goods for resale

5,000

5,000

10,000

10,000

 

Technique Finishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6

Debtors

Current

2025
£

2024
£

Trade debtors

205,277

150,376

Prepayments

31,547

13,999

 

236,824

164,375

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

53,113

39,800

Trade creditors

 

98,550

71,242

Taxation and social security

 

100,164

39,314

Accruals and deferred income

 

2,025

2,025

Other creditors

 

7,073

6,779

 

260,925

159,160

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

158,777

166,290

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Technique Finishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

1,769

12,231

Other borrowings

119,411

154,059

HP and finance lease liability 1 (1-2 yrs)

37,597

-

158,777

166,290

2025
£

2024
£

Current loans and borrowings

Bank borrowings

10,462

10,204

Other borrowings

42,651

29,596

53,113

39,800

10

Related party transactions

Transactions with directors

2025

At 1 May 2024
£

Advances to director
£

Repayments by director
£

At 30 April 2025
£

Nicola Cook

Balance owed (to)/from director

-

2,000

(2,190)

(190)

Terry Cook

Balance owed (to)/from director

-

2,000

(2,190)

(190)

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Nicola Cook

Balance owed (to)/from director

19,624

57,375

(76,999)

-

Terry Cook

Balance owed (to)/from director

19,624

57,375

(76,999)

-