Tek-Neek (CNC Sheet Metal) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04362198 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TEK-NEEK (CNC SHEET METAL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K J Robinson

REGISTERED OFFICE:

Walker House

Bridge Street

Church

Accrington

Lancashire

BB5 4HU

REGISTERED NUMBER:

04362198 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

67,386

78,395

Tangible assets

5

808,810

906,104

876,196

984,499

CURRENT ASSETS

Stocks

6

137,258

48,760

Debtors

7

385,995

461,844

Investments

8

96,607

Cash at bank and in hand

11,029

30,582

630,889

637,793

CREDITORS

Amounts falling due within one year

9

620,370

490,381

NET CURRENT ASSETS

10,519

147,412

TOTAL ASSETS LESS CURRENT
LIABILITIES

886,715

1,131,911

CREDITORS

Amounts falling due after more than one
year

10

(474,737

)

(594,982

)

PROVISIONS FOR LIABILITIES

(52,417

)

(72,801

)

NET ASSETS

359,561

464,128

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

359,461

464,028

SHAREHOLDERS' FUNDS

359,561

464,128

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 director acknowledges his 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 director and authorised for issue on 22 August 2025 and were signed by:

K J Robinson - Director

1.	STATUTORY INFORMATION

Tek-Neek (CNC Sheet Metal) 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.	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

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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.

Freehold property

- 25% on cost

Plant and machinery

- 15% on reducing balance

Fixtures and fittings

- 20% on reducing balance

Motor vehicles

- 25% on reducing balance

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 held under finance leases or hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore the going concern basis of accounting has been adopted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

COST

At 1 April 2024

and 31 March 2025

60,000

110,094

170,094

AMORTISATION

At 1 April 2024

60,000

31,699

91,699

Amortisation for year

-

11,009

At 31 March 2025

60,000

42,708

102,708

NET BOOK VALUE

At 31 March 2025

-

67,386

At 31 March 2024

-

78,395

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2024

and 31 March 2025

2,784

1,023,590

60,267

97,213

1,183,854

DEPRECIATION

At 1 April 2024

2,784

171,503

52,078

51,385

277,750

Charge for year

-

84,198

1,638

11,458

97,294

At 31 March 2025

2,784

255,701

53,716

62,843

375,044

NET BOOK VALUE

At 31 March 2025

-

767,889

6,551

34,370

808,810

At 31 March 2024

-

852,087

8,189

45,828

906,104

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 April 2024

and 31 March 2025

854,206

41,095

895,301

DEPRECIATION

At 1 April 2024

46,533

8,177

54,710

Charge for year

78,067

8,230

86,297

At 31 March 2025

124,600

16,407

141,007

NET BOOK VALUE

At 31 March 2025

729,606

24,688

754,294

At 31 March 2024

807,673

32,918

840,591

6.

STOCKS

31/3/25

31/3/24

£

Stocks

137,258

48,760

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

150,498

226,244

Amounts owed by group undertakings

217,800

Other debtors

629

Tax

1,978

Prepayments and accrued income

15,090

15,193

385,995

461,844

8.	CURRENT ASSET INVESTMENTS

31/3/25

31/3/24

£

Investments

96,607

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

10,000

Hire purchase contracts

125,863

146,916

Invoice finance

128,022

134,268

Trade creditors

131,597

108,363

Social security and other taxes

35,868

18,346

Other creditors

86,075

20,000

Directors' current accounts

95,612

43,112

Accrued expenses

7,333

9,376

620,370

490,381

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/3/25

31/3/24

£

Bank loans - 1-2 years

2,500

10,000

Bank loans - 2-5 years

-

2,500

Hire purchase contracts

472,237

582,482

474,737

594,982

11.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

Bank loans

12,500

22,500

Hire purchase contracts

598,100

729,398

610,600

751,898

12.	RELATED PARTY DISCLOSURES

Tek-Neek (Holdings) Limited is under the control of the director, K J Robinson.

Included within debtors is an amount of £217,800 due from the parent company, Tek-Neek (Holdings) Limited (2024 - £217,800).

13.	ULTIMATE CONTROLLING PARTY

The controlling party is K J Robinson.

The ultimate controlling party is Tek-Neek (Holdings) Limited.