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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2018 |
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TECKNA GROUP LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2018 |
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FOR |
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TECKNA GROUP LIMITED |
TECKNA GROUP LIMITED (REGISTERED NUMBER: 01480853) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 May 2018 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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TECKNA GROUP LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 May 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Douglas Bank House |
Wigan Lane |
Wigan |
Lancashire |
WN1 2TB |
TECKNA GROUP LIMITED (REGISTERED NUMBER: 01480853) |
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STATEMENT OF FINANCIAL POSITION |
31 May 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 9 |
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Retained earnings | 9 |
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440,450 |
SHAREHOLDERS' FUNDS |
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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. |
TECKNA GROUP LIMITED (REGISTERED NUMBER: 01480853) |
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STATEMENT OF FINANCIAL POSITION - continued |
31 May 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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TECKNA GROUP LIMITED (REGISTERED NUMBER: 01480853) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 May 2018 |
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1. | STATUTORY INFORMATION |
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Teckna Group Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the net invoiced value of services provided, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Work-in progress |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Short-term work-in-progress is valued at net realisable value. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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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. |
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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. |
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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. |
TECKNA GROUP LIMITED (REGISTERED NUMBER: 01480853) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 May 2018 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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Related party transactions |
The company has taken advantage of the exemption conferred by Section 1A "Small Entities" of Financial |
Reporting Standard 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland" and |
has not disclosed transactions with other group companies were 100% of the voting rights are controlled within |
the group. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 June 2017 |
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Additions |
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Disposals | ( |
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At 31 May 2018 |
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DEPRECIATION |
At 1 June 2017 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 May 2018 |
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NET BOOK VALUE |
At 31 May 2018 |
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At 31 May 2017 |
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Cost or valuation at 31 May 2018 is represented by: |
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Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
Valuation in 2012 | 212,422 | - | 212,422 |
Cost | 1,511,741 | 59,532 | 1,571,273 |
1,724,163 | 59,532 | 1,783,695 |
TECKNA GROUP LIMITED (REGISTERED NUMBER: 01480853) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 May 2018 |
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4. | TANGIBLE FIXED ASSETS - continued |
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If Plant & Machinery had not been revalued it would have been included at the following historical cost: |
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2018 | 2017 |
£ | £ |
Cost | 1,511,741 | 1,419,097 |
Aggregate depreciation | 715,583 | 836,250 |
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Plant & Machinery was valued on an open market basis on 31 May 2012 by the directors of the company . |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 June 2017 |
and 31 May 2018 |
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NET BOOK VALUE |
At 31 May 2018 |
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At 31 May 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts |
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TECKNA GROUP LIMITED (REGISTERED NUMBER: 01480853) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 May 2018 |
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9. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 June 2017 |
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580,589 |
Prior year adjustment | ( |
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135,935 |
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Profit for the year |
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Dividends | ( |
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Revaluation of Plant & Machinery | 7,573 | (7,573 | ) | - |
At 31 May 2018 |
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610,926 |