REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 January 2022 |
|
for |
|
Techinservice Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 January 2022 |
|
for |
|
Techinservice Limited |
Techinservice Limited (Registered number: 07899275) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 January 2022 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Techinservice Limited |
|
Company Information |
for the Year Ended 31 January 2022 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
123 Pall Mall |
St. James's |
London |
SW1Y 5EA |
Techinservice Limited (Registered number: 07899275) |
|
Balance Sheet |
31 January 2022 |
|
31.1.22 | 31.1.21 |
Notes | € | € |
FIXED ASSETS |
Tangible assets | 4 |
|
|
Investments | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks | 6 |
|
|
Debtors | 7 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
( |
) |
( |
) |
NET CURRENT ASSETS/(LIABILITIES) |
|
( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | 10 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
Techinservice Limited (Registered number: 07899275) |
|
Balance Sheet - continued |
31 January 2022 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
Techinservice Limited (Registered number: 07899275) |
|
Notes to the Financial Statements |
for the Year Ended 31 January 2022 |
|
1. | STATUTORY INFORMATION |
|
Techinservice Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
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 |
|
Plant and machinery etc | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
|
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. |
|
Investments in associates. |
Investments in associated companies are recognised at cost. |
Techinservice Limited (Registered number: 07899275) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2022 |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
€ |
COST |
Additions |
|
At 31 January 2022 |
|
DEPRECIATION |
Charge for year |
|
At 31 January 2022 |
|
NET BOOK VALUE |
At 31 January 2022 |
|
|
5. | FIXED ASSET INVESTMENTS |
Unlisted |
investments |
€ |
COST |
At 1 February 2021 |
and 31 January 2022 |
|
NET BOOK VALUE |
At 31 January 2022 |
|
At 31 January 2021 |
|
|
The company owns 49% of Karpaty Chemical B.V., a company registered in The Netherlands. |
|
6. | STOCKS |
31.1.22 | 31.1.21 |
€ | € |
Finished goods |
|
|
|
There was no movement in stock during the year. |
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.22 | 31.1.21 |
€ | € |
Trade debtors |
|
|
Bad debt provision | (17,500 | ) | (17,500 | ) |
Other debtors |
|
|
Prepayments and accrued income |
|
|
|
|
Techinservice Limited (Registered number: 07899275) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2022 |
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
|
The amount of € 22,409,466 reflected in Other debtors is the prepayment for shares in Karpaty Chemical B. V. paid to Xedrian Holdings Ltd.As at the balance sheet date these shares had not yet been transfered to Techinservice Limited. |
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.22 | 31.1.21 |
€ | € |
Bank loans and overdrafts (see note 9) |
|
|
Trade creditors |
|
|
Advances received from |
customers | 3,694,876 | 3,694,873 |
Tax |
|
|
Loan from BF Capital | 55,555,724 | 34,589,623 |
Loan from Mimier Holdings | - | 9,474,183 |
Accruals and deferred income |
|
|
|
|
|
9. | LOANS |
|
An analysis of the maturity of loans is given below: |
|
31.1.22 | 31.1.21 |
€ | € |
Amounts falling due within one year or on demand: |
Bank overdrafts |
|
|
|
10. | RESERVES |
Retained |
earnings |
€ |
|
At 1 February 2021 |
|
Profit for the year |
|
Dividends | ( |
) |
At 31 January 2022 |
|
|
11. | RELATED PARTY DISCLOSURES |
|
As at 31 January 2022 the company was owed €593,995 (equivalent of $720,872) by Boomsa Limited (2021: €593,995, equivalent of $720,872). |
|
Boomsa Limited is a related party by virtue of common control. |
|
12. | POST BALANCE SHEET EVENTS |
|
Invasion of Ukraine by Russia is an ongoing military conflict that began on 24 February 2022. At present we cannot say to what extent this may negatively impact th future and results of the company. |
|
13. | ULTIMATE CONTROLLING PARTY |
|
The ultimate controlling party is
|