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REGISTERED NUMBER: 07699459 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Tervezo Limited

Tervezo Limited (Registered number: 07699459)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tervezo Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: E A Pashley





REGISTERED OFFICE: 14a Waterside Business Park
Livingstone Road
Hessle
East Yorkshire
HU13 0EG





REGISTERED NUMBER: 07699459 (England and Wales)

Tervezo Limited (Registered number: 07699459)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 783 1,391

CURRENT ASSETS
Debtors 5 20,506 26,339
Cash at bank 556 3,283
21,062 29,622
CREDITORS
Amounts falling due within one year 6 21,412 29,926
NET CURRENT LIABILITIES (350 ) (304 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

433

1,087

PROVISIONS FOR LIABILITIES 148 264
NET ASSETS 285 823

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 185 723
SHAREHOLDERS' FUNDS 285 823

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

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

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 director and authorised for issue on 31 October 2023 and were signed by:



E A Pashley - Director


Tervezo Limited (Registered number: 07699459)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Tervezo 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of services.

Revenue recognition
Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

Part completed contracts at the year-end that fulfil the criteria are included in these financial statements based on their fair value of the right to consideration at the balance sheet date.

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 - 33% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Tervezo Limited (Registered number: 07699459)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2022 4,508
Additions 90
At 31 January 2023 4,598
DEPRECIATION
At 1 February 2022 3,117
Charge for year 698
At 31 January 2023 3,815
NET BOOK VALUE
At 31 January 2023 783
At 31 January 2022 1,391

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors - 8,634
Directors' current accounts 20,308 17,507
Prepayments 198 198
20,506 26,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 1,596 654
Corporation tax 15,787 25,363
Social security and other taxes 2,700 2,700
Accrued expenses 1,329 1,209
21,412 29,926

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.1.23 31.1.22
£    £   
E A Pashley
Balance outstanding at start of year 17,505 13,457
Amounts advanced 39,815 62,211
Amounts repaid (37,012 ) (58,163 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,308 17,505

Tervezo Limited (Registered number: 07699459)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Interest has been charged on the director's loan balance at a rate of 2%.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E A Pashley.