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REGISTERED NUMBER: 14221482 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE PERIOD

7TH JULY 2022 TO 31ST JULY 2023

FOR

TELESTO SOLUTIONS LTD

TELESTO SOLUTIONS LTD (REGISTERED NUMBER: 14221482)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 7TH JULY 2022 TO 31ST JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TELESTO SOLUTIONS LTD

COMPANY INFORMATION
FOR THE PERIOD 7TH JULY 2022 TO 31ST JULY 2023







DIRECTOR: Ms L C Jeffery





REGISTERED OFFICE: Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR





REGISTERED NUMBER: 14221482 (England and Wales)





ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR

TELESTO SOLUTIONS LTD (REGISTERED NUMBER: 14221482)

BALANCE SHEET
31ST JULY 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 585

CURRENT ASSETS
Cash at bank 49,669

CREDITORS
Amounts falling due within one year 5 22,964
NET CURRENT ASSETS 26,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,290

CAPITAL AND RESERVES
Called up share capital 6 1
Retained earnings 27,289
SHAREHOLDERS' FUNDS 27,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th December 2023 and were signed by:





Ms L C Jeffery - Director


TELESTO SOLUTIONS LTD (REGISTERED NUMBER: 14221482)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 7TH JULY 2022 TO 31ST JULY 2023


1. STATUTORY INFORMATION

Telesto Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on straight line basis

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

TELESTO SOLUTIONS LTD (REGISTERED NUMBER: 14221482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7TH JULY 2022 TO 31ST JULY 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 759
At 31st July 2023 759
DEPRECIATION
Charge for period 174
At 31st July 2023 174
NET BOOK VALUE
At 31st July 2023 585

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 9,571
Other creditors 13,393
22,964

6. CALLED UP SHARE CAPITAL

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