REGISTERED NUMBER: 03396849 (England and Wales)

TECHNODYNE INTERNATIONAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

H Sun

R M Brannock

M R Ecker

REGISTERED OFFICE:

4th Floor

Black Horse House

Leigh Road

Eastleigh

Hampshire

SO50 9FH

REGISTERED NUMBER:

03396849 (England and Wales)

SENIOR STATUTORY AUDITOR:

Tom Young FCA

AUDITORS:

Hopper Williams & Bell Limited

Statutory Auditor

Chartered Accountants

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

BANKERS:

Bank of Scotland plc

The Mound

Edinburgh

EH1 1YZ

FIXED ASSETS

Tangible assets

4

54,303

40,797

CURRENT ASSETS

Debtors

5

2,380,355

2,633,477

Cash at bank and in hand

428,380

101,823

2,808,735

2,735,300

CREDITORS

Amounts falling due within one year

6

(2,045,002

)

(1,523,331

)

NET CURRENT ASSETS

763,733

1,211,969

TOTAL ASSETS LESS CURRENT LIABILITIES

818,036

1,252,766

PROVISIONS FOR LIABILITIES

7

(4,497

)

(7,362

)

NET ASSETS

813,539

1,245,404

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

813,439

1,245,304

SHAREHOLDERS' FUNDS

813,539

1,245,404

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

R M Brannock - Director

1.	STATUTORY INFORMATION

Technodyne International Limited 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Revenue and long term contracts

Turnover is derived from ordinary activities and is stated after trade discounts and net of VAT.

Revenue from long term contracts is recognised by reference to the stage of completion of the contract. The stage of completion is determined by the amount of progress made on the work relating to the next stage payment, which is determined in the contract wording. A prudent level of profit attributable to the contract activity is recognised if the final outcome of such contracts can be reliably assessed. An expected loss on a contract is recognised immediately in the profit and loss account. Payments received in excess of contract progress are shown in creditors, and the amount by which turnover is in excess of payments on account is included within debtors.

For contracts involving retentions, revenue is recognised based on the stage of completion of the contract at the reporting date. Retentions are included in turnover when the company has an enforceable right to payment and it is probable that the amount will be collected.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses

Depreciation is provided at the following annual rates in order to write off cost less estimated residual value of each asset over its useful life:

Short Leasehold

- Over the length of the lease

Computer equip

- Straight line over 4 years

Fixtures and fittings

- 15% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating lease 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.

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 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Computer

and

leasehold

equipment

fittings

Totals

£

£

£

£

COST

At 1 January 2024

11,561

80,496

37,325

129,382

Additions

10,765

14,564

7,194

32,523

At 31 December 2024

22,326

95,060

44,519

161,905

DEPRECIATION

At 1 January 2024

210

60,021

28,354

88,585

Charge for year

3,868

12,858

2,291

19,017

At 31 December 2024

4,078

72,879

30,645

107,602

NET BOOK VALUE

At 31 December 2024

18,248

22,181

13,874

54,303

At 31 December 2023

11,351

20,475

8,971

40,797

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

84,060

483,381

Amounts owed by group undertakings

1,815,220

1,687,548

Amounts recoverable on

contracts

99,625

284,583

Other debtors

381,450

177,965

2,380,355

2,633,477

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

56,230

84,621

Amounts owed to group undertakings

1,717,589

1,276,057

Taxation and social security

34,033

68,070

Other creditors

237,150

94,583

2,045,002

1,523,331

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

4,497

7,362

Deferred tax

£

Balance at 1 January 2024

7,362

Credit to Statement of Income and Retained Earnings during year

(2,865

)

Balance at 31 December 2024

4,497

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tom Young FCA (Senior Statutory Auditor)

for and on behalf of Hopper Williams & Bell Limited

9.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had future operating lease commitments of £555,390 (2023: £405,798)

10.	ULTIMATE PARENT COMPANY

CIMC TGE Gas Investments SA, a company incorporated in Luxembourg, is the parent company. CIMC TGE Gas Investments SA is the smallest group in which consolidated accounts are prepared.

The ultimate holding company is China International Marine Containers (Group) Co. Limited, a company which is incorporated in China and is quoted on the Chinese National Stock Exchange.

Copies of the group financial statements can be obtained from CIMC TGE Gas Investments SA, 45 Rte d'Arlon, 8009 Strassen, Luxembourg