Techniche UK Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Techniche UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09163669 . The registered office is A1 & A2 Methuen Park, Chippenham, Wiltshire, SN14 0GT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

In the directors' opinion, and to the best of their knowledge, the unsettled economic conditions arising from geo-political events in Eastern Europe, restrictions in supply chains and increases in interest rates will not have a material adverse impact on the company's ability to continue as a going concern.

The company has financial resources available which the directors believe will enable the company to manage its business risks successfully.

The directors have a reasonable expectation that the company has adequate resources to meet its obligations for a period of at least 12 months from the date of approval of the financial statements, and to continue in operational existence for the foreseeable future.

Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period, stocks and work in progress are assessed for impairment. If an item (or group of items) is impaired, that item is measured at it selling price less costs to complete and sell, and an impairment loss is recognised.

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Techniche UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 July 2025

2.7. Financial Instruments

Ordinary Share Capital

The ordinary share capital of the company is presented as equity.

Cash and cash equivalents

Cash consists of cash on hand and demand deposits. Cash equivalents consist of short term highly liquid investments that are readilyconvertible to known amounts of cash that are subject to an insignificant risk of change in value.

Loans and borrowings

All borrowings by the company, with the exception of loans from directors who are natural persons and shareholders in the company (or close members of the family of such persons), are initially recorded at the amount of cash received less separately incurred transactioncosts, unless the arrangement constitutes, in effect, a financing transaction, in which case it is measured at the present value of futurepayments discounted at a market rate of interest for a similar debt instrument. Subsequently, borrowings are stated at amortised cost usingthe effective interest rate method.

Loans from directors who are natural persons and shareholders in the company (or close members of the family of such persons) areinitially measured at transaction price and not discounted on subsequent measurement.

The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and theeffect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within oneyear or on demand are not amortised. Loans and borrowings are classified as current assets or liabilities unless the borrower has anunconditional right to defer settlement of the liability for at least twelve months after the financial year end date.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Research and Development

Research expenditure is written off to the profit and loss account in the financial year in which it is incurred. Development expenditure isalso written off to the profit and loss account in the financial year in which it is incurred, unless the directors are satisfied as to thetechnical, commercial and financial viability of individual projects. Where these criteria are met, the expenditure is recognised as anintangible asset and amortised over the period during which the company is expected to benefit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 4)

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Techniche UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 July 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 31 July 2024	5,624
Additions	1,900

As at 30 July 2025	7,524

Depreciation
As at 31 July 2024	4,401
Provided during the period	1,237

As at 30 July 2025	5,638

Net Book Value
As at 30 July 2025	1,886

As at 31 July 2024	1,223

5. Stocks

	2025	2024
	£	£
Finished goods	-	7,466

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	79,031	36,328
Other debtors	5,577	8,207

	84,608	44,535

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	729	11,473
Bank loans and overdrafts	10,927	18,942
Other creditors	412,807	495,477
Taxation and social security	55	55

	424,518	525,947

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Techniche UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 July 2025

9. Related Party Transactions

Amounts owed by(to) group companies and related parties	Opening balance £	Purchases/ Advances £	Sales/ Repayments £	Closing balance £

William Tyler - related party	(495,477)	-	88,749	(406,728)
	__________	__________	___________	_________
	(495,477)	-	88,749	(406,728)
	__________	__________	___________	_________

William Tyler is a shareholder and director of the company.

The amounts owed at the balance sheet date are unsecured and repayable on demand.

10. Ultimate Controlling Party

The company's ultimate controlling party is William Tyler by virtue of his ownership of a controlling interest in the issued share capital in the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,886		1,223

			1,886		1,223
CURRENT ASSETS
Stocks	5	-		7,466
Debtors	6	84,608		44,535
Cash at bank and in hand		80,238		23,313

		164,846		75,314
Creditors: Amounts Falling Due Within One Year	7	(424,518 )		(525,947 )

NET CURRENT ASSETS (LIABILITIES)			(259,672 )		(450,633 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(257,786 )		(449,410 )

NET LIABILITIES			(257,786 )		(449,410 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(257,886 )		(449,510 )

SHAREHOLDERS' FUNDS			(257,786)		(449,410)