REGISTERED NUMBER: 06519976 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

TECHNICAL & DEVELOPMENT

SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Farrow

M C Donohue

Mrs Joy E Farrow

REGISTERED OFFICE:

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

REGISTERED NUMBER:

06519976 (England and Wales)

ACCOUNTANTS:

ISIS Business Solutions (Northants) LLP

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

FIXED ASSETS

Tangible assets

4

544

278

CURRENT ASSETS

Debtors

5

497,162

281,788

Investments

6

55,005

49,491

Cash at bank

46,453

15,165

598,620

346,444

CREDITORS

Amounts falling due within one year

7

181,213

13,520

NET CURRENT ASSETS

417,407

332,924

TOTAL ASSETS LESS CURRENT LIABILITIES

417,951

333,202

PROVISIONS FOR LIABILITIES

-

53

NET ASSETS

417,951

333,149

CAPITAL AND RESERVES

Called up share capital

136,002

136,002

Capital redemption reserve

8

140,000

140,000

Retained earnings

8

141,949

57,147

SHAREHOLDERS' FUNDS

417,951

333,149

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd October 2025 and were signed on its behalf by:

R Farrow - Director

1.	STATUTORY INFORMATION

Technical & Development Services 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.

Turnover

The company`s turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. None of the company`s turnover relates to exports.

Tangible fixed assets

Computer equipment - 33% on cost

Fixtures & fittings - 33% on cost

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

Rentals paid under operating leases are charged to profit or loss 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.

Trust

The Company has created a trust whose beneficiaries will include employees of the Company and their dependents. Assets held under this trust will be controlled by the trustees who will be acting independently and entirely at their own discretion.

Where assets are held in the trust and these are considered by the Company to be in respect of services already provided by employees of the Company, the Company will account for these as assets of the Company until the earlier of it no longer having de facto control of these assets and it not obtaining future economic benefit from these assets. The value transferred will be charged in the Company's profit & loss account for the year to which it relates.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2024

3,198

22,152

25,350

Additions

-

499

499

At 31st March 2025

3,198

22,651

25,849

DEPRECIATION

At 1st April 2024

3,198

21,874

25,072

Charge for year

-

233

233

At 31st March 2025

3,198

22,107

25,305

NET BOOK VALUE

At 31st March 2025

-

544

544

At 31st March 2024

-

278

278

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

69,170

2,040

Other debtors

154,752

6,508

223,922

8,548

Amounts falling due after more than one year:

Other debtors

273,240

273,240

Aggregate amounts

497,162

281,788

Debtors, amounts falling due after more than one year are assets held in trust considered by the Company to be in respect of services already provided by employees of the Company. The Company will account for these as assets until the earlier of it no longer having de facto control or it no longer being able to obtain future economic benefits.

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Members Interest in LLP

55,005

49,491

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

689

941

Amounts owed to group undertakings

148,000

-

Taxation and social security

28,472

9,707

Other creditors

4,052

2,872

181,213

13,520

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1st April 2024

57,147

140,000

197,147

Profit for the year

84,802

84,802

At 31st March 2025

141,949

140,000

281,949

9.	CONTINGENT LIABILITIES

On the 17th of February 2016, HMRC issued both PAYE & NIC determinations to the Company amounting to £147,969 in respect of the Company's participation in certain tax planning arrangements. On the 3rd of March 2016 these amounts were appealed and on the 24th of March 2016, HMRC acknowledged and agreed to postpone collection of the amounts pending the outcome of the enquiry which is still ongoing.

On the 23rd of June 2016, HMRC issued Accelerated Payment Notices ''APNs'' to the Company amounting to £75,270 for the tax year to 5th of April 2012 and £72,699 for the tax year to 5th April 2013 in respect of these earlier determinations. On the 28th of October 2016, the Company made a claim for interim relief from paying the APNs on the grounds that at the time, it would have caused financial hardship. This claim was part of a group action in the form of a Judicial Review against HMRC's decision to issue APNs that is still ongoing.

The Company's potential liabilities to HMRC are £147,969 before interest and any penalties in respect of the unpaid APN's. However, as both of these are yet to be resolved it is not certain that there will be an economic outflow, so no provision is being recognised at this time.

10.	RELATED PARTY DISCLOSURES

During the year the company entered into transactions with related parties. All transactions were carried out at arms length.

The Company received the following amounts as management charges.

Technical & Development Services (Midlands) Ltd £13,500

Technical & Development Services (Southern) Ltd £13,500

Technical & Development Services (Northern) Ltd £28,500

Technical & Development Services (Consulting) Ltd £3,500

Technical & Development Services (Holdings) Ltd £71,000

Technical & Development Services Partners LLP £5,000

The Company also received £2,400 and £7,110 from related parties as a contribution towards insurance and professional subscriptions respectively.

The Company paid rent amounting to £3,600 to RN Property Partnership LLP, management charges of £2,125 to Technical & Development Services Partners LLP and £1,640 to Technical & Development Services (Holdings) Ltd.

On the 7th of September 2021, the Company purchased a capital interest in RN Property Partnership LLP for £60,000. The value of the investment at the 31st March 2025 was £55,055. This is by reference to the capital account balance in RN Property Partnership LLP.

At the balance sheet date, the Company owed Technical & Development Services (Holdings) Ltd £148,000.