Teln Ltd 11903927 true 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is Engineering design activities for industrial process and production Digita Accounts Production Advanced 6.30.9574.0 true Mr Maqhawe Nkala 11903927 2021-04-01 2022-03-31 11903927 2022-03-31 11903927 bus:OrdinaryShareClass1 2022-03-31 11903927 core:RetainedEarningsAccumulatedLosses 2022-03-31 11903927 core:ShareCapital 2022-03-31 11903927 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11903927 core:Non-currentFinancialInstruments 2022-03-31 11903927 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 11903927 bus:FRS102 2021-04-01 2022-03-31 11903927 bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 11903927 bus:FullAccounts 2021-04-01 2022-03-31 11903927 bus:RegisteredOffice 2021-04-01 2022-03-31 11903927 bus:CompanySecretaryDirector1 2021-04-01 2022-03-31 11903927 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 11903927 bus:EntityNoLongerTradingButTradedInPast 2021-04-01 2022-03-31 11903927 bus:Consolidated 2021-04-01 2022-03-31 11903927 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 11903927 countries:England 2021-04-01 2022-03-31 11903927 2021-03-31 11903927 bus:OrdinaryShareClass1 2021-03-31 11903927 core:RetainedEarningsAccumulatedLosses 2021-03-31 11903927 core:ShareCapital 2021-03-31 11903927 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 11903927 core:Non-currentFinancialInstruments 2021-03-31 11903927 core:Non-currentFinancialInstruments core:AfterOneYear 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11903927

Teln Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

Teln Ltd

Profit and Loss Account for the Year Ended 31 March 2022

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Teln Ltd

(Registration number: 11903927)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Current assets

 

Cash at bank and in hand

 

5,065

5,065

Creditors: Amounts falling due within one year

4

(1,784)

(1,239)

Total assets less current liabilities

 

3,281

3,826

Creditors: Amounts falling due after more than one year

4

-

(545)

Net assets

 

3,281

3,281

Capital and reserves

 

Called up share capital

5

1

1

Retained earnings

3,280

3,280

Shareholders' funds

 

3,281

3,281

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 5 October 2023
 

.........................................
Mr Maqhawe Nkala
Company secretary and director

 

Teln Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Flat 1, Llys Tregwyr
31 Gorwydd Road
Gowerton
Swansea
SA4 3AG

These financial statements were authorised for issue by the director on 5 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Teln Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Cash and cash equivalents

2022
£

2021
£

Cash at bank

5,065

5,065

4

Creditors

Note

2022
£

2021
£

Due within one year

 

Social security and other taxes

 

545

-

Income tax liability

1,239

1,239

 

1,784

1,239

Due after one year

 

Loans and borrowings

6

-

545

5

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         
 

Teln Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

6

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Other borrowings

-

545