TEQU TRAINING AND LEARNING LIMITED

Company Registration Number:
12902487 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

TEQU TRAINING AND LEARNING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

TEQU TRAINING AND LEARNING LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

15 months to 31 December 2021


£

£
Fixed assets
Intangible assets: 3 232,664 40,781
Total fixed assets: 232,664 40,781
Current assets
Debtors:   10 7,673
Cash at bank and in hand: 40,779 42,373
Total current assets: 40,789 50,046
Creditors: amounts falling due within one year:   (398,150) (158,656)
Net current assets (liabilities): (357,361) (108,610)
Total assets less current liabilities: (124,697) (67,829)
Total net assets (liabilities): (124,697) (67,829)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (124,797) (67,929)
Shareholders funds: (124,697) (67,829)

The notes form part of these financial statements

TEQU TRAINING AND LEARNING LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 October 2023
and signed on behalf of the board by:

Name: Mark Smith
Status: Director

The notes form part of these financial statements

TEQU TRAINING AND LEARNING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Intangible fixed assets and amortisation policy

Intangible assetsIntangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.Development costs are being amortised evenly over their estimated useful life of four years.

Other accounting policies

Related party exemptionThe company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.TaxationTaxation for the period 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.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 taxDeferred 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 period 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 benefitsThe 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.

TEQU TRAINING AND LEARNING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 15 months to 31 December 2021
Average number of employees during the period 1 1

TEQU TRAINING AND LEARNING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 40,781
Additions 202,078
At 31 December 2022 242,859
Amortisation
At 01 January 2022 0
Charge for year 10,195
At 31 December 2022 10,195
Net book value
At 31 December 2022 232,664
At 31 December 2021 40,781

TEQU TRAINING AND LEARNING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Related party transactions

Related party exemptionThe company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.