Technik Design Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC293224 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2017

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

4

1,256

1,417

CURRENT ASSETS

Debtors

5

16,663

8,718

Cash at bank

4

4

16,667

8,722

CREDITORS

Amounts falling due within one year

6

17,842

9,762

NET CURRENT LIABILITIES

(1,175

)

(1,040

)

TOTAL ASSETS LESS CURRENT LIABILITIES

81

377

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

71

367

SHAREHOLDERS' FUNDS

81

377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 23 August 2018 and were signed on its behalf by:

N J Wilson - Director

1.	STATUTORY INFORMATION

Technik Design Limited is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery etc

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

21,627

Additions

805

At 30 November 2017

22,432

DEPRECIATION

At 1 December 2016

20,210

Charge for year

966

At 30 November 2017

21,176

NET BOOK VALUE

At 30 November 2017

1,256

At 30 November 2016

1,417

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

7,402

58

Other debtors

9,261

8,660

16,663

8,718

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Bank loans and overdrafts

9,114

8,432

Taxation and social security

7,228

1,330

Other creditors

1,500

-

17,842

9,762

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £11,400 were paid to the directors .

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

Mr Nicholas Wilson

- £5,700

Mrs Adelina Wilson

- £5,700

There was a directors loan outstanding at 30th November 2017 valued at £9,141 - this loan was repaid in full on

23rd August 2018.

8.	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%