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COMPANY REGISTRATION NUMBER: 03103911
TELLIMA TECHNOLOGY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
28 February 2023
TELLIMA TECHNOLOGY LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
Contents
Page
Balance sheet 1
Notes to the financial statements 3
TELLIMA TECHNOLOGY LIMITED
BALANCE SHEET
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
702
893
Current assets
Stocks
6
6,463
15,798
Debtors
7
109,339
55,938
Cash at bank and in hand
4,131
------------
------------
115,802
75,867
Creditors: amounts falling due within one year
8
( 11,358)
( 11,191)
------------
------------
Net current assets
104,444
64,676
------------
------------
Total assets less current liabilities
105,146
65,569
------------
------------
Net assets
105,146
65,569
------------
------------
Capital and reserves
Called up share capital
9
163,636
163,636
Share premium account
73,328
73,328
Profit and loss account
( 131,818)
( 171,395)
------------
------------
Shareholders funds
105,146
65,569
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
TELLIMA TECHNOLOGY LIMITED
BALANCE SHEET (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 28 November 2023 , and are signed on behalf of the board by:
C St.John Cordingley Director
Company registration number: 03103911
TELLIMA TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1G Denby Dale Industrial Park, Wakefield Road, Denby Dale, Huddersfield, HD8 8QH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The turnover is derived from the company's principal activity which was carried out wholly within the United Kingdom.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
7 years straight line
Computer equipment
-
3 years straight line
Stocks
Stocks are measured 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 the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 March 2022
9,842
46,787
56,629
Additions
589
589
------------
------------
------------
At 28 February 2023
9,842
47,376
57,218
------------
------------
------------
Depreciation
At 1 March 2022
9,842
45,894
55,736
Charge for the year
780
780
------------
------------
------------
At 28 February 2023
9,842
46,674
56,516
------------
------------
------------
Carrying amount
At 28 February 2023
702
702
------------
------------
------------
At 28 February 2022
893
893
------------
------------
------------
6. Stocks
2023
2022
£
£
Stocks
6,463
15,798
------------
------------
7. Debtors
2023
2022
£
£
Trade debtors
7,600
Amounts owed by related undertaking
101,739
55,938
------------
------------
109,339
55,938
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank overdrafts
1,420
Trade creditors
552
2,756
Accruals and deferred income
3,950
2,500
Social security and other taxes
2,471
2,970
Other loan
2,965
2,965
------------
------------
11,358
11,191
------------
------------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
163,636
163,636
163,636
163,636
------------
------------
------------
------------
10. Related party transactions
Included within debtors is a loan due from a company controlled by the director in the amount of £101,739 (2022: £55,938). This loan is unsecured, repayable on demand and currently interest-free