REGISTERED NUMBER: 04427205 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TECHNICAL TUBES LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D G Morley

Mrs S E Morley

SECRETARY:

Mrs S E Morley

REGISTERED OFFICE:

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

REGISTERED NUMBER:

04427205 (England and Wales)

FIXED ASSETS

Intangible assets

4

40,099

63,708

Tangible assets

5

469,945

402,444

Investments

6

-

2

510,044

466,154

CURRENT ASSETS

Stocks

258,089

227,305

Debtors

533,527

578,677

Cash at bank

222,096

281,716

1,013,712

1,087,698

CREDITORS

Amounts falling due within one year

(464,118

)

(753,801

)

NET CURRENT ASSETS

549,594

333,897

TOTAL ASSETS LESS CURRENT LIABILITIES

1,059,638

800,051

CREDITORS

Amounts falling due after more than one year

(245,499

)

-

PROVISIONS FOR LIABILITIES

(117,274

)

(98,275

)

NET ASSETS

696,865

701,776

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

696,864

701,775

SHAREHOLDERS' FUNDS

696,865

701,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

Mr D G Morley - Director

1.	STATUTORY INFORMATION

Technical Tubes 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of goods and services supplied during the year, excluding value added tax.

Goodwill

Goodwill is amortised over its useful life of 20 years with a residual value of nil.

Metal Mule Ltd, a business owned by the directors, has been incorporated into the company. The goodwill associated with this part of the business is being amortised over its useful life of 10 years with a residual value of nil. This asset was sold in full during the year ended 31st December 2021.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Legal costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

Taxation

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Interest under hire purchase obligations has been charged to the profit and loss account using the sum of digits method.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

472,182

AMORTISATION

At 1 January 2024

408,474

Amortisation for year

23,609

At 31 December 2024

432,083

NET BOOK VALUE

At 31 December 2024

40,099

At 31 December 2023

63,708

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

1,281,821

Additions

177,981

At 31 December 2024

1,459,802

DEPRECIATION

At 1 January 2024

879,377

Charge for year

110,480

At 31 December 2024

989,857

NET BOOK VALUE

At 31 December 2024

469,945

At 31 December 2023

402,444

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

2

Disposals

(2

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

2