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REGISTERED NUMBER: 07527185 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2023

for

TESIT LTD

TESIT LTD (REGISTERED NUMBER: 07527185)






Contents of the Financial Statements
for the year ended 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TESIT LTD

Company Information
for the year ended 31 MARCH 2023







DIRECTOR: L E W Unitt





REGISTERED OFFICE: 30 Donnington Road
Burton Latimer
Northampton
Northamptonshire
NN15 5WL





REGISTERED NUMBER: 07527185 (England and Wales)





ACCOUNTANTS: Elsby & Co
Thistledown Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG

TESIT LTD (REGISTERED NUMBER: 07527185)

Abridged Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 12,411 17,461
Cash at bank 983 1,407
13,394 18,868
CREDITORS
Amounts falling due within one year 6,122 8,157
NET CURRENT ASSETS 7,272 10,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,272

10,711

CREDITORS
Amounts falling due after more than one year 5 8,333 9,666
NET (LIABILITIES)/ASSETS (1,061 ) 1,045

CAPITAL AND RESERVES
Called up share capital 6 10 10
Retained earnings (1,071 ) 1,035
SHAREHOLDERS' FUNDS (1,061 ) 1,045

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 director acknowledges his 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.

TESIT LTD (REGISTERED NUMBER: 07527185)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 October 2023 and were signed by:





L E W Unitt - Director


TESIT LTD (REGISTERED NUMBER: 07527185)

Notes to the Financial Statements
for the year ended 31 MARCH 2023

1. STATUTORY INFORMATION

TESIT Ltd 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. ACCOUNTING POLICIES

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

Turnover
Turnover represents gross invoiced sales of services, including value added tax. The company calculates value added tax under the flat rate scheme with the value added tax charge disclosed as a separate expense in the profit and loss account.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 5 years

Going concern
Having due regard to cash flow forecasts, the director considers that based on their continued support, it is appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 3,445
Disposals (3,445 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 3,445
Eliminated on disposal (3,445 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

TESIT LTD (REGISTERED NUMBER: 07527185)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2023

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 3,000 4,333

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
L E W Unitt
Balance outstanding at start of year 11,576 18,544
Amounts advanced 30,951 1,232
Amounts repaid (32,509 ) (8,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,018 11,576

The company charged interest during the year on the overdrawn balance at the official rate of 2% amounting to £259 (2022: £405). There are no fixed terms of repayment.