IRIS Accounts Production v23.3.0.418 11818869 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure118188692022-02-28118188692023-02-28118188692022-03-012023-02-28118188692021-02-28118188692021-03-012022-02-28118188692022-02-2811818869ns16:EnglandWales2022-03-012023-02-2811818869ns15:PoundSterling2022-03-012023-02-2811818869ns11:Director12022-03-012023-02-2811818869ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2811818869ns11:SmallEntities2022-03-012023-02-2811818869ns11:AuditExemptWithAccountantsReport2022-03-012023-02-2811818869ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2811818869ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2811818869ns11:FullAccounts2022-03-012023-02-2811818869ns11:OrdinaryShareClass12022-03-012023-02-2811818869ns11:Director22022-03-012023-02-2811818869ns11:RegisteredOffice2022-03-012023-02-2811818869ns6:CurrentFinancialInstruments2023-02-2811818869ns6:CurrentFinancialInstruments2022-02-2811818869ns6:Non-currentFinancialInstruments2023-02-2811818869ns6:Non-currentFinancialInstruments2022-02-2811818869ns6:ShareCapital2023-02-2811818869ns6:ShareCapital2022-02-2811818869ns6:RetainedEarningsAccumulatedLosses2023-02-2811818869ns6:RetainedEarningsAccumulatedLosses2022-02-2811818869ns6:LeaseholdImprovements2022-03-012023-02-2811818869ns6:PlantMachinery2022-03-012023-02-2811818869ns6:FurnitureFittings2022-03-012023-02-2811818869ns6:MotorVehicles2022-03-012023-02-2811818869ns6:ComputerEquipment2022-03-012023-02-2811818869ns6:LeaseholdImprovements2022-02-2811818869ns6:PlantMachinery2022-02-2811818869ns6:FurnitureFittings2022-02-2811818869ns6:LeaseholdImprovements2023-02-2811818869ns6:PlantMachinery2023-02-2811818869ns6:FurnitureFittings2023-02-2811818869ns6:LeaseholdImprovements2022-02-2811818869ns6:PlantMachinery2022-02-2811818869ns6:FurnitureFittings2022-02-2811818869ns6:MotorVehicles2022-02-2811818869ns6:ComputerEquipment2022-02-2811818869ns6:MotorVehicles2023-02-2811818869ns6:ComputerEquipment2023-02-2811818869ns6:MotorVehicles2022-02-2811818869ns6:ComputerEquipment2022-02-2811818869ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2811818869ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2811818869ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-02-2811818869ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-02-2811818869ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-02-2811818869ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-02-2811818869ns11:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 11818869 (England and Wales)















Unaudited Financial Statements

for the Year Ended

28 February 2023

for

Teper Mep Ltd

Teper Mep Ltd (Registered number: 11818869)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Teper Mep Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr S P Dempsey
Mrs E R Dempsey





REGISTERED OFFICE: 9 Station Road
Glenfield
Leicester
Leicestershire
LE3 8BT





REGISTERED NUMBER: 11818869 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Teper Mep Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Teper Mep Ltd for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Teper Mep Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Teper Mep Ltd and state those matters that we have agreed to state to the Board of Directors of Teper Mep Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Teper Mep Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Teper Mep Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Teper Mep Ltd. You consider that Teper Mep Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Teper Mep Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


10 November 2023

Teper Mep Ltd (Registered number: 11818869)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,050 45,334

CURRENT ASSETS
Stocks 2,300 1,500
Debtors 5 190,285 207,758
Cash at bank and in hand 188,580 179,509
381,165 388,767
CREDITORS
Amounts falling due within one year 6 302,525 303,715
NET CURRENT ASSETS 78,640 85,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,690

130,386

CREDITORS
Amounts falling due after more than
one year

7

(38,426

)

(42,441

)

PROVISIONS FOR LIABILITIES (14,599 ) (8,613 )
NET ASSETS 115,665 79,332

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 115,663 79,330
SHAREHOLDERS' FUNDS 115,665 79,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Teper Mep Ltd (Registered number: 11818869)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





Mr S P Dempsey - Director


Teper Mep Ltd (Registered number: 11818869)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Teper Mep 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
Due to the nature of the company, turnover is solely derived from contract revenue and is recognised on a stage of completion basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 10% straight line basis
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year 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.


Teper Mep Ltd (Registered number: 11818869)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 - 18,284 6,397
Additions 37,866 6,145 -
At 28 February 2023 37,866 24,429 6,397
DEPRECIATION
At 1 March 2022 - 3,940 727
Charge for year 1,894 3,664 640
At 28 February 2023 1,894 7,604 1,367
NET BOOK VALUE
At 28 February 2023 35,972 16,825 5,030
At 28 February 2022 - 14,344 5,670

Teper Mep Ltd (Registered number: 11818869)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 32,494 18,501 75,676
Additions 14,217 7,161 65,389
At 28 February 2023 46,711 25,662 141,065
DEPRECIATION
At 1 March 2022 15,873 9,802 30,342
Charge for year 9,342 5,133 20,673
At 28 February 2023 25,215 14,935 51,015
NET BOOK VALUE
At 28 February 2023 21,496 10,727 90,050
At 28 February 2022 16,621 8,699 45,334

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 90,305 136,093
Other debtors 47,500 -
VAT 26,246 56,388
Prepayments and accrued income 26,234 15,277
190,285 207,758

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 6,699 7,599
Trade creditors 89,981 251,476
Corporation tax 26,874 17,796
Social security and other taxes 9,563 7,672
Other creditors 5,030 431
Directors' current accounts 24,391 5,391
Accruals and deferred income 129,987 3,350
302,525 303,715

Teper Mep Ltd (Registered number: 11818869)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 13,334 23,333
Hire purchase contracts 15,092 9,108
38,426 42,441

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Hire purchase contracts 21,791 16,707

The above debts are secured on the asset in which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

10. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £85,500 (2022: £1,689).

11. RELATED PARTY DISCLOSURES

Included in other debtors is a loan of £47,500 to a company that the directors have an interest in. The loan is interest free and repayable on demand.