Techna Nutrition UK & Ireland Ltd iXBRL

Company Registration Number: 11838104

Techna Nutrition UK & Ireland Ltd

Annual Report and Financial Statements

for the financial year ended 31 December 2024

Techna Nutrition UK & Ireland Ltd

DIRECTOR AND OTHER INFORMATION


Directors	Mr. Martin Michael Daly
	Jamie-Leigh Douglas (Appointed 11 December 2024, Resigned 25 February 2025)


Company Secretary	Jean-Marc Pinsault


Company Registration Number	11838104


Registered Office and Business Address	Third Floor
	207 Regent Street
	London
	W1B 3HH
	United Kingdom


Independent Auditors	Visio Advisory Limited
	Chartered Accountants and Statutory Audit Firm
	182 Howth Road
	Sutton Cross
	Dublin 13


Bankers	Bank of ireland
	Enniskilleen


Solicitors	Patrick J Carolan & Co Solicitors
	Bailieboro
	Co Cavan

Techna Nutrition UK & Ireland Ltd

DIRECTOR'S REPORT

for the financial year ended 31 December 2024

The director presents his report and the audited financial statements for the financial year ended 31 December 2024.

Principal Activity

The principal activity of the company is that of selling animal nutrition products.

Directors

The directors who served during the financial year are as follows:

Mr. Martin Michael Daly

Jamie-Leigh Douglas (Appointed 11 December 2024, Resigned 25 February 2025)

There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and apply them consistently;

-make judgements and accounting estimates that are reasonable and prudent;

-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of Information to Auditor
Each person who is a director at the date of approval of this report confirms that:
In so far as the director is aware:
-there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and
-the director has taken all the steps that he ought to have taken to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Auditors

The auditors, Visio Advisory Limited, (Chartered Accountants and Statutory Audit Firm) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Mr. Martin Michael Daly

Director

14 March 2025

INDEPENDENT AUDITOR'S REPORT

to the Shareholders of Techna Nutrition UK & Ireland Ltd

Report on the audit of the financial statements

Opinion

We have audited the financial statements of Techna Nutrition UK & Ireland Ltd ('the company') for the financial year ended 31 December 2024 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and the related notes to the financial statements, including significant accounting policies set out in note . The financial reporting framework that has been applied in their preparation is applicable Law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the financial year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the Provisions Available for Audits of Small Entities, in the circumstances set out in Note 4 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we has concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we has performed, we has not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Director's Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any material misstatements in the Director's Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of director's remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit; or

the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Director's Report.

Responsibilities of director for the financial statements

The director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intend to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this report, located at page , which is to be read as an integral part of our report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

VISIO ADVISORY LIMITED

Chartered Accountants and Statutory Audit Firm

182 Howth Road

Sutton Cross

Dublin 13

14 March 2025

Techna Nutrition UK & Ireland Ltd

APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT

Further information regarding the scope of our responsibilities as auditor

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Techna Nutrition UK & Ireland Ltd

INCOME STATEMENT

for the financial year ended 31 December 2024

	2024	2023
Notes	£	£

Turnover	2,020,869	1,668,505

Cost of sales	(1,420,655)	(1,398,292)
	─────────	─────────
Gross profit	600,214	270,213

Administrative expenses	(491,901)	(442,771)
	─────────	─────────
Operating profit/(loss)	108,313	(172,558)

Interest payable and similar expenses	(374)	(505)
	─────────	─────────
Profit/(loss) before taxation	107,939	(173,063)

Tax on profit/(loss)	(26,059)	71,074
	─────────	─────────
Profit/(loss) for the financial year	81,880	(101,989)
	═════════	═════════

Techna Nutrition UK & Ireland Ltd

Company Registration Number: 11838104

STATEMENT OF FINANCIAL POSITION

as at 31 December 2024

		2024	2023
	Notes	£	£

Fixed Assets

Tangible assets

62,737

28,858

─────────

Current Assets

Stocks

102,975

107,922

Debtors

359,042

373,399

Cash and cash equivalents

179,914

133,373

─────────

641,931

614,694

─────────

Creditors: amounts falling due within one year

(865,701)

(905,772)

─────────

Net Current Liabilities

(223,770)

(291,078)

─────────

Total Assets less Current Liabilities

(161,033)

(262,220)

Creditors:

amounts falling due after more than one year

(11,008)

(17,760)

Provisions for liabilities

45,015

71,074

─────────

Net Liabilities

(127,026)

(208,906)

═════════

Capital and Reserves

Called up share capital

Retained earnings

(127,027)

(208,907)

─────────

Equity attributable to owners of the company

(127,026)

(208,906)

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

Approved by the Director and authorised for issue on 14 March 2025



Mr. Martin Michael Daly
Director

Techna Nutrition UK & Ireland Ltd

STATEMENT OF CHANGES IN EQUITY

as at 31 December 2024

	Called up	Retained	Total
	share	earnings
	capital
	£	£	£

At 1 January 2023	1	(106,918)	(106,917)
	─────────	─────────	─────────
Loss for the financial year	-	(101,989)	(101,989)
	─────────	─────────	─────────
At 31 December 2023	1	(208,907)	(208,906)
	─────────	─────────	─────────
Profit for the financial year	-	81,880	81,880
	─────────	─────────	─────────
At 31 December 2024	1	(127,027)	(127,026)
	═════════	═════════	═════════

Techna Nutrition UK & Ireland Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

General Information

Techna Nutrition UK & Ireland Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 11838104. The registered office of the company is Third Floor, 207 Regent Street, London, W1B 3HH, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Pension

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Motor vehicles

12.5% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Statement of Financial Position bank overdrafts are shown within Creditors.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Research and development

Research expenditure is written off to the Income Statement in the financial year in which it is incurred.

Ordinary share capital

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

Going concern

As shown in the financial statements the company made a profit during the year of £81,880 (2023 Loss (£101,989)) and had a shareholders’ deficit which amounted to £127,026 (2022: £208,906).

The company has several loans owed to group companies. These companies have provided letters of support confirming the loans owed to group companies will not be repayable within twelve months from the date of signing the financial statements.

The Shareholders have given representations that they will ensure the company receives adequate financial support for the foreseeable future to ensure its liabilities can be discharged as and when they fall due.

Consequently, having made due enquiries and considering the material uncertainties noted above, the Directors continue to adopt the going concern basis in preparing the financial statements, which assumes that the company will continue in operational existence and liabilities will be discharged as they fall due for the foreseeable future which is 12 months from the date of signing the financial statements.

Provisions Available for Audits of Small Entities

In common with many other businesses of our size and nature, we use our auditors to prepare and submit tax returns to Her Majesty's Revenue and Customs and to assist with the preparation of the financial statements.

Employees

The average monthly number of employees, including director, during the financial year was 3, (2023 - 3).

2024

2023

Number

Number

Employee

═════════


6.	Tangible assets
		Motor
		vehicles

		£
	Cost
	At 1 January 2024	36,936
	Additions	38,495
		─────────
	At 31 December 2024	75,431
		─────────
	Depreciation
	At 1 January 2024	8,078
	Charge for the financial year	4,616
		─────────
	At 31 December 2024	12,694
		─────────
	Net book value
	At 31 December 2024	62,737
		═════════
	At 31 December 2023	28,858
		═════════


7.	Stocks	2024	2023
		£	£

	Finished goods and goods for resale	102,975	107,922
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


8.	Debtors	2024	2023
		£	£

	Trade debtors	358,848	373,399
	Other debtors	194	-
		─────────	─────────
		359,042	373,399
		═════════	═════════


9.	Creditors	2024	2023
	Amounts falling due within one year	£	£

	Trade creditors	61,559	659,468
	Amounts owed to group undertakings	675,047	166,507
	Taxation (Note 11)	129,095	109,447
	Accruals	-	(29,650)
		─────────	─────────
		865,701	905,772
		═════════	═════════


10.	Creditors	2024	2023
	Amounts falling due after more than one year	£	£

	Amounts owed to group undertakings	11,008	17,760
		═════════	═════════


11.	Taxation	2024	2023
		£	£

	Creditors:
	VAT	117,263	102,426
	PAYE / NI	11,832	7,021
		─────────	─────────
		129,095	109,447
		═════════	═════════


12.	Provisions for liabilities

	The amounts provided for deferred taxation are analysed below:

		Capital	Losses	Total	Total
		allowances

				2024	2023
		£	£	£	£

	At financial year start	(945)	(70,129)	(71,074)	-
	Charged to profit and loss	-	-	-	(71,074)
	Utilised during the financial year	-	26,059	26,059	-
		─────────	─────────	─────────	─────────
	At financial year end	(945)	(44,070)	(45,015)	(71,074)
		═════════	═════════	═════════	═════════

13.

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2024.

14.

Related party transactions

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.

15.

Parent and ultimate parent company

The company regards Techna Ireland Nutrition Limited as its parent company.

The companys ultimate parent undertaking is Techna SA.

The address of Techna SA is Route De St Etienne-De-Montluc, Coueron, France United Kingdom.

The ultimate parent company is registered in France and its financial statements, including consolidated accounts, can be accessed through the Registre du Commerce et des Sociétés (RCS) in France.

16.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.

Techna Nutrition UK & Ireland Ltd

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

TRADING STATEMENT

for the financial year ended 31 December 2024




		2024	2023
	Schedule	£	£

Sales		2,020,869	1,668,505
Cost of sales	1	(1,420,655)	(1,398,292)
		─────────	─────────
Gross profit		600,214	270,213
		─────────	─────────
Gross profit Percentage		29.7%	16.2%
		─────────	─────────

Overhead expenses	2	(492,275)	(443,276)
		─────────	─────────
Net profit/(loss)		107,939	(173,063)
		═════════	═════════

Techna Nutrition UK & Ireland Ltd

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 1 : COST OF SALES

for the financial year ended 31 December 2024




	2024	2023
	£	£
Cost of Sales

Opening stock	107,922	62,102
Materials	1,352,296	1,362,329
Carriage inwards	63,412	81,783
	─────────	─────────
	1,523,630	1,506,214
Closing stock	(102,975)	(107,922)
	─────────	─────────
	1,420,655	1,398,292
	═════════	═════════

Techna Nutrition UK & Ireland Ltd

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 2 : OVERHEAD EXPENSES

for the financial year ended 31 December 2024




	2024	2023
	£	£

Administration Expenses

Wages and salaries

207,865

209,629

Social security costs

27,817

23,312

Staff defined contribution pension costs

21,136

13,673

Employee Income Protection

2,777

1,915

Management expenses - Techna Ireland

130,463

60,000

Management Expenses - Techna France

6,598

Insurance

3,909

3,627

Printing, postage and stationery

719

1,005

Advertising

19,604

15,415

Telephone

1,487

1,369

Computer costs

472

183

Motor expenses

23,214

24,417

Delivery costs

52,961

37,912

Storage

7,108

8,769

Travelling and entertainment

30,863

34,616

Research expenditure written off

5,454

Legal and professional

15,190

265

Accountancy

5,447

2,502

Bank charges

173

133

Profit/loss on exchange

(82,930)

(4,100)

General expenses

5,793

1,890

Subscriptions

1,165

1,623

Depreciation of tangible assets

4,616

4,616

─────────

491,901

442,771

─────────

Finance

Bank interest paid	374	505
	─────────	─────────

Total Overheads	492,275	443,276
	═════════	═════════