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REGISTERED NUMBER: 01729495 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

FOR

TEKLIMA LIMITED

TEKLIMA LIMITED (REGISTERED NUMBER: 01729495)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEKLIMA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: I P Michelmore
M J Kent





REGISTERED OFFICE: Teklima Limited
PO Box 345
Tonbridge
Kent
TN12 5WA





REGISTERED NUMBER: 01729495 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP

TEKLIMA LIMITED (REGISTERED NUMBER: 01729495)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 14,169 16,864

CURRENT ASSETS
Debtors 6 44,829 46,405
Cash at bank 100,327 150,958
145,156 197,363
CREDITORS
Amounts falling due within one year 7 55,118 64,295
NET CURRENT ASSETS 90,038 133,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,207

149,932

PROVISIONS FOR LIABILITIES 8 2,671 2,500
NET ASSETS 101,536 147,432

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 101,436 147,332
SHAREHOLDERS' FUNDS 101,536 147,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

TEKLIMA LIMITED (REGISTERED NUMBER: 01729495)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





I P Michelmore - Director


TEKLIMA LIMITED (REGISTERED NUMBER: 01729495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Teklima Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Changes in accounting policies
Deferred tax has been provided for the first time in the year ended 31st March 2022. The impact of the change is an additional deferred tax charge of £2,882 to the profit and loss account, representing the brought forward value of deferred tax, had it been provided in prior years.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 33% on cost

All fixed assets are initially recorded at cost.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such on the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TEKLIMA LIMITED (REGISTERED NUMBER: 01729495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

TEKLIMA LIMITED (REGISTERED NUMBER: 01729495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,991 11,850 77,593 1,547 92,981
Additions - - - 2,730 2,730
Disposals - - - (172 ) (172 )
At 31 March 2023 1,991 11,850 77,593 4,105 95,539
DEPRECIATION
At 1 April 2022 498 10,893 64,215 511 76,117
Charge for year 373 239 3,344 1,354 5,310
Eliminated on disposal - - - (57 ) (57 )
At 31 March 2023 871 11,132 67,559 1,808 81,370
NET BOOK VALUE
At 31 March 2023 1,120 718 10,034 2,297 14,169
At 31 March 2022 1,493 957 13,378 1,036 16,864

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,502 45,323
Other debtors - 1,082
Tax recoverable 327 -
44,829 46,405

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,677 4,331
Corporation tax - 6,724
PAYE and social security 24,059 23,923
VAT 1,942 5,169
Other creditors 731 635
Wages control account - 19,841
Directors' current accounts 9,018 1,847
Accruals and deferred income 2,691 1,825
55,118 64,295

TEKLIMA LIMITED (REGISTERED NUMBER: 01729495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 2,671 2,500

Deferred
tax
£   
Balance at 1 April 2022 2,500
Provided during year 171
On brought forward assets
Credited for year
Balance at 31 March 2023 2,671

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100