Technik Design Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC293224 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Technik Design Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N J Wilson

Mrs A Wilson

SECRETARY:

Mrs A Wilson

REGISTERED OFFICE:

18 Fleeman Park

Udny Green

Ellon

ABERDEENSHIRE

AB41 7RA

REGISTERED NUMBER:

SC293224 (Scotland)

ACCOUNTANTS:

J M Taylor

7 Ythan Terrace

Ellon

ABERDEENSHIRE

AB41 9LJ

FIXED ASSETS

Tangible assets

2

-

195

CURRENT ASSETS

Debtors

14,588

15,159

Cash at bank

3,962

14,432

18,550

29,591

CREDITORS

Amounts falling due within one year

18,528

26,578

NET CURRENT ASSETS

22

3,013

TOTAL ASSETS LESS CURRENT
LIABILITIES

22

3,208

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

12

3,198

SHAREHOLDERS' FUNDS

22

3,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 May 2016 and were signed on its behalf by:

N J Wilson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

19,512

DEPRECIATION

At 1 December 2014

19,317

Charge for year

195

At 30 November 2015

19,512

NET BOOK VALUE

At 30 November 2015

-

At 30 November 2014

195

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

10

Ordinary

£1.00

10

4.	RELATED PARTY DISCLOSURES

During the year the directors advanced the company net amounts which are detailed below. These amounts

remained outstanding at 30/11/2015 and are included within Other creditors in the notes to the accounts.

Mr Nicholas Wilson

£ 750

Mrs Adelina Wilson

£ 750

Total

£ 1500

During the year the directors received net dividends, detailed below, from the company.

Mr Nicholas Wilson

- £23,998

Mrs Adelina Wilson

- £23,998

5.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the directors by virtue of their percentage holding in the ordinary

share capital of the company which is detailed below.

Mr Nicholas Wilson

- 50%

Mrs Adelina Wilson

- 50%