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REGISTERED NUMBER: 07630578 (England and Wales)















TELEMARK CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023






TELEMARK CONSTRUCTION LIMITED (REGISTERED NUMBER: 07630578)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TELEMARK CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: T Kyriacou





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 07630578 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

TELEMARK CONSTRUCTION LIMITED (REGISTERED NUMBER: 07630578)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,799 3,731

CURRENT ASSETS
Stocks 53,198 53,198
Debtors 5 73,242 61,870
Cash at bank 1 43,574
126,441 158,642
CREDITORS
Amounts falling due within one year 6 203,869 161,725
NET CURRENT LIABILITIES (77,428 ) (3,083 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(74,629

)

648

CREDITORS
Amounts falling due after more than one
year

7

33,396

38,395
NET LIABILITIES (108,025 ) (37,747 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (108,125 ) (37,847 )
SHAREHOLDERS' FUNDS (108,025 ) (37,747 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TELEMARK CONSTRUCTION LIMITED (REGISTERED NUMBER: 07630578)

BALANCE SHEET - continued
30 APRIL 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





T Kyriacou - Director


TELEMARK CONSTRUCTION LIMITED (REGISTERED NUMBER: 07630578)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Telemark Construction Limited 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.

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.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

TELEMARK CONSTRUCTION LIMITED (REGISTERED NUMBER: 07630578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash at bank and in hand
Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

Government grants
Government grants relate to income received in respect of the Coronavirus Job Retention Scheme which was provided by the Government to businesses in the UK to help alleviate the financial impact of Covid-19 by placing staff on temporary leave. Government grants are accounted for under the accruals basis as permitted by FRS 102. Grants of a revenue nature are recognised in the Income Statement as other operating income in the same period as the related expenditure and when reasonable assurances are gained that the Company will comply with the conditions attached to the grant and it will be received.

Going concern
The Financial Statements have been prepared on a going concern basis, as the director has confirmed that funds will continue to be made available for the company to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that may result from the withdrawal of this support and the director is of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

TELEMARK CONSTRUCTION LIMITED (REGISTERED NUMBER: 07630578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 1,333 17,865 19,198
DEPRECIATION
At 1 May 2022 1,333 14,134 15,467
Charge for year - 932 932
At 30 April 2023 1,333 15,066 16,399
NET BOOK VALUE
At 30 April 2023 - 2,799 2,799
At 30 April 2022 - 3,731 3,731

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 73,242 61,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,590 6,558
Trade creditors 14,954 37,851
Amounts owed to associates 88,216 21,504
Taxation and social security 21,729 32,201
Other creditors 50,380 63,611
203,869 161,725

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 33,396 38,395

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,437 12,101

TELEMARK CONSTRUCTION LIMITED (REGISTERED NUMBER: 07630578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2022 (37,845 )
Deficit for the year (70,280 )
At 30 April 2023 (108,125 )