TERAUK LTD Filleted Accounts Cover
TERAUK LTD
Company No. 12367363
Information for Filing with The Registrar
31 December 2022
TERAUK LTD Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2022.
Principal activities
The principal activity of the company during the year under review was technology research.
Directors
The Directors who served at any time during the year were as follows:
E. Gabbai
O. Sadiv
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
O. Sadiv
Director
22 November 2023
TERAUK LTD Balance Sheet Registrar
at
31 December 2022
Company No.
12367363
Notes
2022
2021
£
£
Current assets
Debtors
4
129,0821
Cash at bank and in hand
524-
129,6061
Creditors: Amount falling due within one year
5
(229,914)
-
Net current (liabilities)/assets
(100,308)
1
Total assets less current liabilities
(100,308)
1
Net (liabilities)/assets
(100,308)
1
Capital and reserves
Called up share capital
11
Profit and loss account
6
(100,309)
-
Total equity
(100,308)
1
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2022 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 22 November 2023
And signed on its behalf by:
O. Sadiv
Director
22 November 2023
TERAUK LTD Notes to the Accounts Registrar
for the year ended 31 December 2022
1
General information
Its registered number is: 12367363
Its registered office is:
20-22 Wenlock Road
London
N1 7GU
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2022
2021
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Debtors
2022
2021
£
£
Amounts owed by group undertakings
129,081-
Other debtors
11
129,0821
5
Creditors:
amounts falling due within one year
2022
2021
£
£
Amounts owed to group undertakings
228,964
-
Accruals and deferred income
950-
229,914-
6
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
7
Guarantees made by the company on behalf of directors
Transactions with related parties The company has taken advantage of the exemption available according to FRS 102 1A "Related party disclosure" not to disclose transactions entered into between two or more members of a group that are wholly owned.
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