REGISTERED NUMBER: 06146312 (England and Wales)

TECHNICA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J D Davison

Mr R Law

SECRETARY:

Mr J D Davison

REGISTERED OFFICE:

Cherry Tree Business Park

Estate Road No.5

Grimsby

N E Lincolnshire

DN31 2TX

REGISTERED NUMBER:

06146312 (England and Wales)

ACCOUNTANTS:

Duncan and Toplis Limited

Pinnacle House

1 Pinnacle Way,

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Tangible assets

4

1,117,049

880,540

CURRENT ASSETS

Debtors

5

3,689,961

3,837,226

Cash at bank

586,199

138,061

4,276,160

3,975,287

CREDITORS

Amounts falling due within one year

6

2,963,473

2,756,935

NET CURRENT ASSETS

1,312,687

1,218,352

TOTAL ASSETS LESS CURRENT LIABILITIES

2,429,736

2,098,892

CREDITORS

Amounts falling due after more than one year

7

(600,983

)

(678,440

)

PROVISIONS FOR LIABILITIES

(103,194

)

(66,007

)

NET ASSETS

1,725,559

1,354,445

CAPITAL AND RESERVES

Called up share capital

9

208

208

Capital redemption reserve

100

100

Non-distributable reserve

10

142,753

142,753

Retained earnings

1,582,498

1,211,384

SHAREHOLDERS' FUNDS

1,725,559

1,354,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 25 September 2025 and were signed on its behalf by:

Mr J D Davison - Director

1.	STATUTORY INFORMATION

Technica 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 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 as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

The Company makes estimates and assumptions concerning the future. Management are also required to exercise judgement in the process of applying the Company's accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have an increased risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

In preparing these financial statements, the directors have made the following judgements:

Depreciation and residual values

The directors have reviewed the asset lives and associated residual values of all tangible fixed asset classes and have concluded that asset lives and residual values are appropriate.

The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Recoverability of trade debtors

Trade and other debtors are recognised to the extent that they are judged recoverable. Management reviews are performed to estimate the level of reserves required for irrecoverable debt. Provisions are made specifically against invoices where recoverability is considered to be uncertain.

Management makes allowance for doubtful debts based on an assessment of the recoverability of debtors. Allowances are applied to debtors where events or changes in circumstances indicate that the carrying amounts may not be recoverable. Management specifically analyse historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when making a judgement to evaluate the adequacy of the provision for doubtful debts. Where the expectation is different from the original estimate, such difference will impact the carrying value of debtors and the charge in the profit and loss account.

Taxation

There are many transactions and calculations for which the ultimate tax determination is uncertain. The Company recognises liabilities for anticipated tax issues based on estimates of whether additional taxes will be due.

Management estimation is required to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies.

Provisions

A provision is recognised when the Company has a present legal or constructive obligation as a result of a past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow at a rate that reflects the time value of money and the risks specific to the liability.

Turnover and revenue recognition

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

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

The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits can be reliably measured, and it is probable that future economic benefits will flow to the entity. For longer term contracts that straddle the company's year end, the amount of revenue recognised is calculated with reference to the stage of completion of the contracts, with any differences in the timing of actual invoicing deferred or accrued in the financial statements. The stage of completion is ascertained by reference to independent certification of work done, or where not available, by reference to the amount of costs incurred on the contracts by the company with reference to the total contract price and budget.

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

-

33% on cost and 25% on cost

Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less any accumulated depreciation.

Leasehold Property

Leasehold properties are revalued annually and any surplus or deficit is dealt with via the non-distributable reserve. No depreciation is provided in respect of leasehold properties.

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 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 or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

The limited company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from and to related parties and bank loans.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and bank deposits.

Trade debtors

Trade debtors are amounts due for goods sold or services rendered in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtor.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade creditors are classified as current liabilities of the company does not have an unconditional right, at the end of the reporting date, to defer settlement of the creditor for at least twelve months after the reporting date.If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2024 - 59 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

700,000

286,666

986,666

Additions

-

337,891

337,891

Disposals

-

(26,495

)

(26,495

)

At 31 March 2025

700,000

598,062

1,298,062

DEPRECIATION

At 1 April 2024

-

106,126

106,126

Charge for year

-

79,917

79,917

Eliminated on disposal

-

(5,030

)

(5,030

)

At 31 March 2025

-

181,013

181,013

NET BOOK VALUE

At 31 March 2025

700,000

417,049

1,117,049

At 31 March 2024

700,000

180,540

880,540

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2023

190,338

-

190,338

Cost

509,662

598,062

1,107,724

700,000

598,062

1,298,062

If leasehold property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

509,662

509,662

Leasehold property was valued on open market basis on 31 March 2025 by the directors .

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

Plant and

machinery

etc

£

COST OR VALUATION

At 1 April 2024

59,490

Additions

238,717

Disposals

(26,495

)

At 31 March 2025

271,712

DEPRECIATION

At 1 April 2024

13,653

Charge for year

14,813

Eliminated on disposal

(5,030

)

At 31 March 2025

23,436

NET BOOK VALUE

At 31 March 2025

248,276

At 31 March 2024

45,837

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,490,745

1,717,255

Amounts owed by group undertakings

1,364,865

1,180,963

Other debtors

834,351

939,008

3,689,961

3,837,226

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

114,676

105,680

Hire purchase contracts

44,153

16,627

Trade creditors

539,892

716,188

Taxation and social security

268,205

193,789

Other creditors

1,996,547

1,724,651

2,963,473

2,756,935

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

78,786

193,731

Hire purchase contracts

176,295

17,089

Other creditors

345,902

467,620

600,983

678,440

Other creditors are payable by installments and are due within 5 years

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

54,089

80,660

The bank loan is secured by way of the bank's standard Debenture and charge over the company's leasehold property.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class

Nominal Value

2025

2024

£

£

4

Ordinary A

£1

4

4

3

Ordinary B

£1

3

3

1

Ordinary C

£1

1

1

200

Ordinary

£1

200

200

208

208

The above shares have attached to them full voting, dividend and capital distribution rights; they do not confer any rights of redemption. The B and C shares have restricted rights on winding up.

10.

RESERVES

Non-distributa

reserve

£

At 1 April 2024

and 31 March 2025

142,753

11.	RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity

At the year end the company was owed £1,364,865 (2024 : £1,180,963).

During the year, the company distributed dividends to its immediate parent company of £245,000 (2024: £NIL).