Techne Group Ltd - Accounts to registrar (filleted) - small 23.1.2

Techne Group Ltd - Accounts to registrar (filleted) - small 23.1.2


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REGISTERED NUMBER: 13314490 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Techne Group Ltd

Techne Group Ltd (Registered number: 13314490)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Techne Group Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: F J Aitchison
L P Campbell





REGISTERED OFFICE: Pure Offices
Lakeview 600
Lakeview Dr
Warrington
Cheshire
WA1 1RW





REGISTERED NUMBER: 13314490 (England and Wales)





ACCOUNTANTS: EBA Chartered Accountants
Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR

Techne Group Ltd (Registered number: 13314490)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 26,403 7,717

CURRENT ASSETS
Debtors 5 137,643 44,334
Cash at bank 720,574 262,117
858,217 306,451
CREDITORS
Amounts falling due within one year 6 209,135 164,833
NET CURRENT ASSETS 649,082 141,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

675,485

149,335

PROVISIONS FOR LIABILITIES 8,216 1,906
NET ASSETS 667,269 147,429

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 667,169 147,329
667,269 147,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Techne Group Ltd (Registered number: 13314490)

Balance Sheet - continued
31 March 2023


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 22 May 2023 and were signed on its behalf by:




F J Aitchison - Director



L P Campbell - Director


Techne Group Ltd (Registered number: 13314490)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Techne Group Ltd 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
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.
Plant and machinery etc - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - NIL ) .

Techne Group Ltd (Registered number: 13314490)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2022 8,564
Additions 24,712
At 31 March 2023 33,276
DEPRECIATION
At 1 April 2022 847
Charge for year 6,026
At 31 March 2023 6,873
NET BOOK VALUE
At 31 March 2023 26,403
At 31 March 2022 7,717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors 92,214 12,000
Other debtors 45,429 32,334
137,643 44,334

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade creditors 16,887 51,284
Taxation and social security 135,579 52,834
Other creditors 56,669 60,715
209,135 164,833

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2023 and the period ended 31 March 2022:

31.3.23 31.3.22
£ £
L P Campbell
Balance outstanding at start of year - -
Amounts advanced 58,876 -
Amounts repaid (56,531 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,345 -

Techne Group Ltd (Registered number: 13314490)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

F J Aitchison
Balance outstanding at start of year - -
Amounts advanced 59,237 -
Amounts repaid (57,039 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,198 -

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.