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Company Registration No. 13259585 (England and Wales)
Telve Limited Unaudited accounts for the year ended 31 March 2023
Telve Limited Unaudited accounts Contents
Page
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Telve Limited Company Information for the year ended 31 March 2023
Director
Mr Abdullah OZKARA
Company Number
13259585 (England and Wales)
Registered Office
102 Green Lanes London N16 9EH England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Telve Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,414 
11,480 
Current assets
Inventories
1,800 
2,350 
Cash at bank and in hand
22,653 
5,469 
24,453 
7,819 
Creditors: amounts falling due within one year
(24,603)
(14,297)
Net current liabilities
(150)
(6,478)
Net assets
9,264 
5,002 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
9,262 
5,000 
Shareholders' funds
9,264 
5,002 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 November 2023 and were signed on its behalf by
Mr Abdullah OZKARA Director Company Registration No. 13259585
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Telve Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Telve Limited is a private company, limited by shares, registered in England and Wales, registration number 13259585. The registered office is 102 Green Lanes, London, N16 9EH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% - reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Telve Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
14,000 
At 31 March 2023
14,000 
Depreciation
At 1 April 2022
2,520 
Charge for the year
2,066 
At 31 March 2023
4,586 
Net book value
At 31 March 2023
9,414 
At 31 March 2022
11,480 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
12,000 
250 
Taxes and social security
433 
- 
Loans from directors
170 
2,047 
Accruals
12,000 
12,000 
24,603 
14,297 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Transactions with related parties
Included within other creditors is an amount of £170 (2022: £2,047), due to the company director. There are no terms as to interest or repayment in respect of this balance.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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