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COMPANY REGISTRATION NUMBER: 10958080

Techfluid U.K. Ltd

Filleted Unaudited Financial Statements

31 December 2024

Techfluid U.K. Ltd

Statement of Financial Position

31 December 2024

| 31 Dec 24 | 31 Jan 24
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 109,072 | 114,064

Current assets

Stocks | 1,369,674 |  | 3,204,147
Debtors | 6 | 772,085 |  | 1,771,322
Cash at bank and in hand | 445,100 |  | 1,537,268
| ------------ |  | ------------
| 2,586,859 |  | 6,512,737

Creditors: amounts falling due within one year | 7 | 1,699,312 |  | 5,223,881
| ------------ |  | ------------
Net current assets |  | 887,547 | 1,288,856
|  | --------- | ------------
Total assets less current liabilities |  | 996,619 | 1,402,920

Provisions |  | 25,000 | 25,000
|  | --------- | ------------
Net assets |  | 971,619 | 1,377,920
|  | --------- | ------------

Capital and reserves

Called up share capital |  | 60,000 | 100,000
Capital redemption reserve |  | 40,000 | –
Profit and loss account |  | 871,619 | 1,277,920
|  | --------- | ------------
Shareholders funds |  | 971,619 | 1,377,920
|  | --------- | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period 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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Techfluid U.K. Ltd

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 5 June 2025 , and are signed on behalf of the board by:

Xu Jin Cheng |
Director |

Company registration number: 10958080

Techfluid U.K. Ltd

Notes to the Financial Statements

Period from 1 February 2024 to 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 35 Moorland Way, Nelson Park Industrial Estate, Cramlington, Northumberland, NE23 1WE, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £1. The year end date was shortened to 31 December 2024 which in the director's opinion is more appropriate to the company's operations. The current financial period covers the eleven months from 1 February 2024 to 31 December 2024 and may not be entirely comparable with the previous twelve month period to 31 January 2024.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Short leasehold property | - | Life of lease
| Plant and machinery | - | 15% reducing balance
| Fixtures and fittings | - | 15% reducing balance
| Motor vehicles | - | 25% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 12 (2024: 10 ).
5. Tangible assets

| Short leasehold property | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 February 2024 | 5,903 | 172,877 | 46,329 | 11,882 | 236,991
Additions | – | 11,358 | – | – | 11,358
Disposals | – | – | ( 1,677) | – | ( 1,677)
| ------- | --------- | -------- | -------- | ---------
At 31 December 2024 | 5,903 | 184,235 | 44,652 | 11,882 | 246,672
| ------- | --------- | -------- | -------- | ---------
Depreciation |  |  |  |  |
At 1 February 2024 | 5,903 | 82,696 | 22,446 | 11,882 | 122,927
Charge for the period | – | 12,611 | 3,739 | – | 16,350
Disposals | – | – | ( 1,677) | – | ( 1,677)
| ------- | --------- | -------- | -------- | ---------
At 31 December 2024 | 5,903 | 95,307 | 24,508 | 11,882 | 137,600
| ------- | --------- | -------- | -------- | ---------
Carrying amount |  |  |  |  |
At 31 December 2024 | – | 88,928 | 20,144 | – | 109,072
| ------- | --------- | -------- | -------- | ---------
At 31 January 2024 | – | 90,181 | 23,883 | – | 114,064
| ------- | --------- | -------- | -------- | ---------

6. Debtors

| 31 Dec 24 | 31 Jan 24
| £ | £
Trade debtors | 635,929 | 1,588,148
Other debtors | 136,156 | 183,174
| --------- | ------------
| 772,085 | 1,771,322
| --------- | ------------

7. Creditors: amounts falling due within one year

| 31 Dec 24 | 31 Jan 24
| £ | £
Trade creditors | 805,214 | 1,438,539
Social security and other taxes | 178,366 | 139,642
Other creditors | 715,732 | 3,645,700
| ------------ | ------------
| 1,699,312 | 5,223,881
| ------------ | ------------

8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 31 Dec 24 | 31 Jan 24
| £ | £
Later than 1 year and not later than 5 years | 126,500 | 189,750
| --------- | ---------