Technica Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06146312 (England and Wales)

TECHNICA LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

J D Davison

R J Gallivan

SECRETARY:

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:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Technica Limited for the year ended 31st March 2018 which comprise the Income Statement, Balance Sheet and the

related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Technica Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Technica Limited and state those matters that we have agreed to state to the Board of Directors of Technica Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Technica Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Technica Limited. You consider that Technica Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Technica Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

28th June 2018

FIXED ASSETS

Tangible assets

4

521,018

511,092

CURRENT ASSETS

Stocks

4,985

99,311

Debtors

5

1,466,876

942,669

Cash at bank and in hand

552

134,856

1,472,413

1,176,836

CREDITORS

Amounts falling due within one year

6

726,696

416,366

NET CURRENT ASSETS

745,717

760,470

TOTAL ASSETS LESS CURRENT LIABILITIES

1,266,735

1,271,562

CREDITORS

Amounts falling due after more than one year

7

319,442

388,035

NET ASSETS

947,293

883,527

CAPITAL AND RESERVES

Called up share capital

208

208

Capital redemption reserve

100

100

Retained earnings

946,985

883,219

SHAREHOLDERS' FUNDS

947,293

883,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28th June 2018 and were signed on its behalf by:

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2017 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2017

445,941

80,820

47,373

91,336

665,470

Additions

-

1,242

-

40,756

41,998

Disposals

-

-

(18,959

)

-

(18,959

)

At 31st March 2018

445,941

82,062

28,414

132,092

688,509

DEPRECIATION

At 1st April 2017

-

54,568

39,951

59,859

154,378

Charge for year

-

11,535

3,176

14,331

29,042

Eliminated on disposal

-

-

(15,929

)

-

(15,929

)

At 31st March 2018

-

66,103

27,198

74,190

167,491

NET BOOK VALUE

At 31st March 2018

445,941

15,959

1,216

57,902

521,018

At 31st March 2017

445,941

26,252

7,422

31,477

511,092

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

829,670

351,486

Amounts owed by group undertakings

580,061

540,061

Other debtors

57,145

51,122

1,466,876

942,669

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

103,431

69,263

Trade creditors

512,012

290,572

Taxation and social security

100,145

26,330

Other creditors

11,108

30,201

726,696

416,366

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

319,442

388,035

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

105,344

126,484

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

388,705

457,298

The bank loans provided by Barclays Bank Plc are secured by way of a legal charge over the company's leasehold

property known as 2 Cherry Tree Business Park, Estate Road No.5, Grimsby, DN31 2TX (registered under title HS140360)

dated 23 January 2012 and a fixed and floating charge over all of the company's property or undertakings dated 9 June

2014.