REGISTERED NUMBER: 03614587 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

TECHNICAL SURFACES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L A McGeechan

J D Blamire

REGISTERED OFFICE:

Unit 2 Meridian West

Meridian Business Park

Leicester

LE19 1WX

REGISTERED NUMBER:

03614587 (England and Wales)

AUDITORS:

Sharles Audit Limited

Statutory Auditor

29 Brandon Street

Hamilton

ML3 6DA

FIXED ASSETS

Tangible assets

5

1,017,771

875,581

CURRENT ASSETS

Stocks

146,268

104,463

Debtors

6

1,852,397

1,534,604

Cash at bank and in hand

161,683

318,003

2,160,348

1,957,070

CREDITORS

Amounts falling due within one year

7

1,000,665

922,668

NET CURRENT ASSETS

1,159,683

1,034,402

TOTAL ASSETS LESS CURRENT LIABILITIES

2,177,454

1,909,983

CREDITORS

Amounts falling due after more than one year

8

(270,549

)

(309,569

)

PROVISIONS FOR LIABILITIES

(207,051

)

(215,068

)

NET ASSETS

1,699,854

1,385,346

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,699,654

1,385,146

1,699,854

1,385,346

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 Income Statement 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:

L A McGeechan - Director

1.	STATUTORY INFORMATION

Technical Surfaces 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 10% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts and 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 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 in each period.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 48 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

80,729

1,283,401

19,140

Additions

194,661

181,419

-

Disposals

(80,729

)

-

-

At 31 December 2024

194,661

1,464,820

19,140

DEPRECIATION

At 1 January 2024

68,956

987,902

16,585

Charge for year

14,922

73,594

384

Eliminated on disposal

(73,849

)

-

-

At 31 December 2024

10,029

1,061,496

16,969

NET BOOK VALUE

At 31 December 2024

184,632

403,324

2,171

At 31 December 2023

11,773

295,499

2,555

Motor

Office

vehicles

equipmt

Totals

£

£

£

COST

At 1 January 2024

1,338,849

296,911

3,019,030

Additions

-

-

376,080

Disposals

-

-

(80,729

)

At 31 December 2024

1,338,849

296,911

3,314,381

DEPRECIATION

At 1 January 2024

810,379

259,627

2,143,449

Charge for year

130,653

7,457

227,010

Eliminated on disposal

-

-

(73,849

)

At 31 December 2024

941,032

267,084

2,296,610

NET BOOK VALUE

At 31 December 2024

397,817

29,827

1,017,771

At 31 December 2023

528,470

37,284

875,581

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

375,473

1,012,935

1,388,408

Additions

180,818

-

180,818

Transfer to ownership

(35,374

)

(24,896

)

(60,270

)

At 31 December 2024

520,917

988,039

1,508,956

DEPRECIATION

At 1 January 2024

188,585

529,668

718,253

Charge for year

51,805

119,352

171,157

Transfer to ownership

(24,225

)

(18,963

)

(43,188

)

At 31 December 2024

216,165

630,057

846,222

NET BOOK VALUE

At 31 December 2024

304,752

357,982

662,734

At 31 December 2023

186,888

483,267

670,155

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

725,843

498,988

Amounts owed by group undertakings

1,072,484

1,007,484

Other debtors

54,070

28,132

1,852,397

1,534,604

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

183,014

249,952

Trade creditors

491,441

496,121

Taxation and social security

298,493

95,620

Other creditors

27,717

80,975

1,000,665

922,668

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

270,549

309,569

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

453,563

559,521

The hire purchase contracts are secured over the assets concerned.

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

The Report of the Auditors was unqualified.

Robert Andrew Pollock CA (Senior Statutory Auditor)

for and on behalf of Sharles Audit Limited

11.	RELATED PARTY DISCLOSURES

Exemption has been taken from disclosing related party transactions on the basis that consolidated financial statements have been prepared by the company's parent, Jack James Group Ltd, with a registered office at 13-17 Abbotsinch Road, Grangemouth, FK3 9UX.

12.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent is Jack James Group Ltd, registered in Scotland under the reference SC266140.