Registered number
04315282
Telcora Limited
Filleted Accounts
31 March 2023
Telcora Limited
Registered number: 04315282
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 23,090 24,409
Current assets
Debtors 4 5,694 220
Cash at bank and in hand 4,332 4,592
10,026 4,812
Creditors: amounts falling due within one year 5 (56,730) (57,126)
Net current liabilities (46,704) (52,314)
Net liabilities (23,614) (27,905)
Capital and reserves
Called up share capital 101 101
Profit and loss account (23,715) (28,006)
Shareholder's funds (23,614) (27,905)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Ormesher
Director
Approved by the board on 20 December 2023
Telcora Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).The accounts are drawn up on a going concern basis and are dependent upon the continued support of the director of the company. Creditors includes an amount owed to the directors of £53,566 and as a result the Balance Sheet shows an insolvent balance of £23,614 at 31 March 2023. The director has indicated that sufficient funds will be retained to keep the company solvent in the 12 months following the approval of these accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 22,491 18,995 41,486
At 31 March 2023 22,491 18,995 41,486
Depreciation
At 1 April 2022 2,250 14,827 17,077
Charge for the year 450 869 1,319
At 31 March 2023 2,700 15,696 18,396
Net book value
At 31 March 2023 19,791 3,299 23,090
At 31 March 2022 20,241 4,168 24,409
4 Debtors 2023 2022
£ £
Trade debtors 5,550 -
Other debtors 144 220
5,694 220
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,431 -
Trade creditors 53 1,315
Other creditors 54,246 55,811
56,730 57,126
6 Other information
Telcora Limited is a private company limited by shares and incorporated in England. Its registered office is:
121 Frilsham Way
Coventry
W Midlands
CV5 9LS
Telcora Limited 04315282 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 release 2 S Ormesher No description of principal activity 04315282 2021-04-01 2022-03-31 04315282 core:WithinOneYear 2022-03-31 04315282 core:ShareCapital 2022-03-31 04315282 core:RetainedEarningsAccumulatedLosses 2022-03-31 04315282 2022-04-01 2023-03-31 04315282 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04315282 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04315282 bus:Director40 2022-04-01 2023-03-31 04315282 1 2022-04-01 2023-03-31 04315282 2 2022-04-01 2023-03-31 04315282 core:LandBuildings 2022-04-01 2023-03-31 04315282 core:PlantMachinery 2022-04-01 2023-03-31 04315282 countries:England 2022-04-01 2023-03-31 04315282 bus:FRS102 2022-04-01 2023-03-31 04315282 bus:FullAccounts 2022-04-01 2023-03-31 04315282 2023-03-31 04315282 core:WithinOneYear 2023-03-31 04315282 core:ShareCapital 2023-03-31 04315282 core:RetainedEarningsAccumulatedLosses 2023-03-31 04315282 core:LandBuildings 2023-03-31 04315282 core:PlantMachinery 2023-03-31 04315282 2022-03-31 04315282 core:LandBuildings 2022-03-31 04315282 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure