Technik Design Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC293224 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2016

for

Technik Design Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

1,417

-

CURRENT ASSETS

Debtors

3

8,717

14,588

Cash at bank

4

3,962

8,721

18,550

CREDITORS

Amounts falling due within one year

4

9,761

18,528

NET CURRENT (LIABILITIES)/ASSETS

(1,040

)

22

TOTAL ASSETS LESS CURRENT LIABILITIES

377

22

CAPITAL AND RESERVES

Called up share capital

6

10

10

Profit and loss account

7

367

12

SHAREHOLDERS' FUNDS

377

22

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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.

The financial statements were approved by the Board of Directors on 13 July 2017 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 January 2015).

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

Plant and

machinery

etc

£

COST

At 1 December 2015

19,512

Additions

2,115

At 30 November 2016

21,627

DEPRECIATION

At 1 December 2015

19,512

Charge for year

698

At 30 November 2016

20,210

NET BOOK VALUE

At 30 November 2016

1,417

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.16

30.11.15

£

£

Trade debtors

58

13,898

Other debtors

8,659

690

8,717

14,588

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.16

30.11.15

£

£

Bank loans and overdrafts

8,432

806

Taxation and social security

1,330

14,928

Other creditors

(1

)

2,794

9,761

18,528

5.

LOANS

An analysis of the maturity of loans is given below:

30.11.16

30.11.15

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

8,432

806

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

£

10

Ordinary

£1.00

10

10

7.

RESERVES

Profit

and loss

account

£

At 1 December 2015

12

Profit for the year

14,055

Dividends

(13,700

)

At 30 November 2016

367

8.	RELATED PARTY DISCLOSURES

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

Mr Nicholas Wilson

- £6,850

Mrs Adelina Wilson

- £6,850

There was a directors loan outstanding at 30th November 2016 valued at £6,359 - this loan was repaid in full on

13th July 2017.

9.	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%