Tecnik Displays Ltd 31/03/2025 iXBRL

Company registration number: 05744999

TECNIK DISPLAYS LTD

UNAUDITED FILLETED FINANCIAL STATEMENTS

31 March 2025

TECNIK DISPLAYS LTD

CONTENTS

Directors and other information

Statement of financial position

Notes to the financial statements

TECNIK DISPLAYS LTD

DIRECTORS AND OTHER INFORMATION


	Directors	Mr J Hatch
		Mrs C M Hatch


	Secretary	Mrs C M Hatch


	Company number	05744999


	Registered office	9 Whitemoors
		Stoke Golding
		Nuneaton
		CV13 6EG

TECNIK DISPLAYS LTD

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	162,726		218,265
		_______		_______
			162,726		218,265

Current assets
Stocks		-		500
Debtors	6	594		330
Cash at bank and in hand		49,791		11,361
		_______		_______
		50,385		12,191
Creditors: amounts falling due
within one year	7	( 61,718)		( 35,116)
		_______		_______
Net current liabilities			( 11,333)		( 22,925)
			_______		_______
Total assets less current liabilities			151,393		195,340

Creditors: amounts falling due
after more than one year	8		( 61,801)		( 78,090)

Provisions for liabilities			( 3,330)		( 13,986)

			_______		_______
Net assets			86,262		103,264
			_______		_______

Capital and reserves
Called up share capital	9		100		100
Profit and loss account			86,162		103,164
			_______		_______
Shareholders funds			86,262		103,264
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 14 November 2025 , and are signed on behalf of the board by:

Mr J Hatch

Director

Company registration number: 05744999

TECNIK DISPLAYS LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Whitemoors, Stoke Golding, Nuneaton, CV13 6EG.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Long leasehold property	-	Straight line over the life of the lease
Plant and machinery	-	15 %	reducing balance
Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 2 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	125,904	167,019	35,535	81,260	409,718
Additions	-	275	-	49,991	50,266
Disposals	-	( 144,664)	( 28,813)	( 81,260)	( 254,737)
	_______	_______	_______	_______	_______
At 31 March 2025	125,904	22,630	6,722	49,991	205,247
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	12,720	109,686	25,265	43,782	191,453
Charge for the year	1,272	1,726	624	12,498	16,120
Disposals	-	( 98,566)	( 22,704)	( 43,782)	( 165,052)
	_______	_______	_______	_______	_______
At 31 March 2025	13,992	12,846	3,185	12,498	42,521
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	111,912	9,784	3,537	37,493	162,726
	_______	_______	_______	_______	_______
At 31 March 2024	113,184	57,333	10,270	37,478	218,265
	_______	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	-	330
Other debtors	594	-
	_______	_______
	594	330
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	16,358	15,879
Trade creditors	2,791	2,262
Corporation tax	1,247	5,858
Social security and other taxes	10,411	2,045
Other creditors	30,911	9,072
	_______	_______
	61,718	35,116
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	61,801	78,090
	_______	_______

Included within creditors: amounts falling due after more than one year is an amount of £ - (2024 £ 1,830 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The above liability is a Lloyds bank commercial loan which is due for repayment in April 2029. The loan is secured on the company's leasehold property.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

10. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr J Hatch	( 9,072)	7,933	( 29,772)	( 30,911)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr J Hatch	( 26)	954	( 10,000)	( 9,072)
		_______	_______	_______	_______