2022-01-01 10515205 2022-12-31 10515205 2022-01-01 2022-12-31 10515205 2021-12-31 10515205 2021-01-01 2021-12-31 10515205 uk-core:WithinOneYear 2021-12-31 10515205 uk-core:WithinOneYear 2022-12-31 10515205 uk-core:AfterOneYear 2021-12-31 10515205 uk-core:AfterOneYear 2022-12-31 10515205 uk-core:ShareCapital 2022-12-31 10515205 uk-core:ShareCapital 2021-12-31 10515205 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 10515205 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 10515205 uk-bus:Director1 2022-01-01 2022-12-31 10515205 uk-core:PlantMachinery 2022-01-01 2022-12-31 10515205 uk-core:LicencesFranchises 2022-01-01 2022-12-31 10515205 uk-core:LicencesFranchises 2022-12-31 10515205 uk-core:PlantMachinery 2021-12-31 10515205 uk-core:Buildings 2021-12-31 10515205 uk-core:Buildings 2022-01-01 2022-12-31 10515205 uk-core:Buildings 2022-12-31 10515205 uk-core:PlantMachinery 2022-12-31 10515205 uk-core:WithinOneYear 2022-12-31 10515205 uk-core:WithinOneYear 2021-12-31 iso4217:GBP xbrli:pure 10515205 uk-bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 10515205 uk-bus:FRS102 2022-01-01 2022-12-31 10515205 uk-bus:FullAccounts 2022-01-01 2022-12-31 10515205 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31
Teriot UK Limited
Registered Number:10515205
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2022
Teriot UK Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
10515205
As at 31 December 2022
Teriot UK Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Intangible assets
10,000
-
2
Property, plant and equipment
165,852
171,625
3
175,852
171,625
Current assets
Trade and other receivables
39,846
58,904
4
7,108
Cash and cash equivalents
1,156
60,060
46,954
Trade and other payables: amounts falling due within
one year
(44,006)
(72,808)
5
2,948
(12,748)
Net current liabilities
Total assets less current liabilities
163,104
174,573
Trade and other payables: amounts falling due after
more than one year
(79,780)
(69,050)
6
94,054
Net assets
94,793
Capital and reserves
Called up share capital
1
1
Retained earnings
94,053
94,792
94,054
94,793
Shareholders' funds
For the year ended 31 December 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Jaimeet Singh Bhogal Director
These financial statements were approved and authorised for issue by the Board on 29 September 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2022
Teriot UK Limited
Notes to the Financial Statements
Statutory Information
Teriot UK Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10515205.
Registered address:
Unit 12, Isis Trading Estate,
Stratton Road,
Swindon,
England,
SN1 2PG.
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified
by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 December 2022
Teriot UK Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other
Intangible
Assets
Cost or valuation
£
Additions
10,000
At 31 December 2022
10,000
Net book value
At 31 December 2022
10,000
3. Property, plant and equipment
Total
Plant and
Machinery
Land and
Buildings
£
£
£
Cost or
valuation
At 01 January 2022
197,936
95,436
102,500
5,406
5,406
-
Additions
At 31 December 2022
102,500
100,842
203,342
Provision for depreciation and impairment
At 01 January 2022
26,311
26,311
-
Charge for year
11,179
11,179
-
At 31 December 2022
37,490
37,490
-
At 31 December 2022
Net book value
102,500
63,352
165,852
At 31 December 2021
102,500
69,125
171,625
4. Trade and other receivables
2021
2022
£
£
Trade debtors
2,932
-
Other debtors
55,972
39,846
39,846
58,904
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6
For the year ended 31 December 2022
Teriot UK Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
1,945
-
Trade creditors
12,073
-
Taxation and social security
23,603
4,950
Other creditors
35,187
39,056
72,808
44,006
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft (secured)
34,883
46,013
Other creditors
34,167
33,767
69,050
79,780
7. Average number of persons employed
During the year the average number of employees was 6 (2021 : 6)
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