Caseware UK (AP4) 2022.0.179 2022.0.179 No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01false44truetrue 07825138 2023-01-01 2023-12-31 07825138 2022-01-01 2022-12-31 07825138 2023-12-31 07825138 2022-12-31 07825138 c:Director1 2023-01-01 2023-12-31 07825138 c:RegisteredOffice 2023-01-01 2023-12-31 07825138 d:OfficeEquipment 2023-01-01 2023-12-31 07825138 d:OfficeEquipment 2023-12-31 07825138 d:OfficeEquipment 2022-12-31 07825138 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07825138 d:Goodwill 2023-12-31 07825138 d:Goodwill 2022-12-31 07825138 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07825138 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07825138 d:ShareCapital 2023-12-31 07825138 d:ShareCapital 2022-12-31 07825138 d:OtherMiscellaneousReserve 2023-12-31 07825138 d:OtherMiscellaneousReserve 2022-12-31 07825138 d:RetainedEarningsAccumulatedLosses 2023-12-31 07825138 d:RetainedEarningsAccumulatedLosses 2022-12-31 07825138 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07825138 c:OrdinaryShareClass1 2023-12-31 07825138 c:OrdinaryShareClass1 2022-12-31 07825138 c:OrdinaryShareClass2 2023-01-01 2023-12-31 07825138 c:OrdinaryShareClass2 2023-12-31 07825138 c:OrdinaryShareClass2 2022-12-31 07825138 c:OrdinaryShareClass3 2023-01-01 2023-12-31 07825138 c:OrdinaryShareClass3 2023-12-31 07825138 c:OrdinaryShareClass3 2022-12-31 07825138 c:FRS102 2023-01-01 2023-12-31 07825138 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07825138 c:AbridgedAccounts 2023-01-01 2023-12-31 07825138 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07825138










TELUU LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 31 December 2023

 
TELUU LIMITED
 

Company Information


Director
B P Ismangil 




Registered number
07825138



Registered office
85 Great Portland Street
First Floor

London

W1W 7LT





 
TELUU LIMITED
Registered number: 07825138

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,132
5,783

  
4,132
5,783

Current assets
  

Debtors
  
75,110
39,750

Cash at bank and in hand
  
490,349
559,925

  
565,459
599,675

Creditors: amounts falling due within one year
  
(247,546)
(222,164)

Net current assets
  
 
 
317,913
 
 
377,511

Total assets less current liabilities
  
322,045
383,294

Net assets
  
322,045
383,294


Capital and reserves
  

Called up share capital 
 6 
171
171

Other reserves
  
29
29

Profit and loss account
  
321,845
383,094

  
322,045
383,294


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 April 2024.






B P Ismangil
Director
Page 1

 
TELUU LIMITED
Registered number: 07825138

Balance sheet (continued)
As at 31 December 2023


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TELUU LIMITED
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Teluu Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 3

 
TELUU LIMITED
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 
Page 4

 
TELUU LIMITED
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)


Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
TELUU LIMITED
 

 
Notes to the financial statements
For the year ended 31 December 2023

3.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
375,000



At 31 December 2023

375,000



Amortisation


At 1 January 2023
375,000



At 31 December 2023

375,000



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 6

 
TELUU LIMITED
 

 
Notes to the financial statements
For the year ended 31 December 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
15,881


Additions
2,643



At 31 December 2023

18,524



Depreciation


At 1 January 2023
10,098


Charge for the year on owned assets
4,294



At 31 December 2023

14,392



Net book value



At 31 December 2023
4,132



At 31 December 2022
5,783


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
490,349
559,925

490,349
559,925



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



79 (2022 -79) Ordinary A Shares shares of £1.00 each
79
79
60 (2022 -60) Ordinary B Shares shares of £1.00 each
60
60
32 (2022 -32) Ordinary C Shares shares of £1.00 each
32
32

171

171



Page 7