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REGISTERED NUMBER: 06294034 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Teilo Components Ltd

Teilo Components Ltd (Registered number: 06294034)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Teilo Components Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A Emanuel
Mrs T Jones Emanuel





REGISTERED OFFICE: Unit 18, Capel Hendre Industrial Estate
Capel Hendre
Ammanford
Carmarthenshire
SA18 3SJ





REGISTERED NUMBER: 06294034 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

Teilo Components Ltd (Registered number: 06294034)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,272 57,354

CURRENT ASSETS
Stocks 58,850 69,670
Debtors 5 124,082 153,500
Cash at bank and in hand 35,123 43,944
218,055 267,114
CREDITORS
Amounts falling due within one year 6 190,876 203,671
NET CURRENT ASSETS 27,179 63,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,451

120,797

CREDITORS
Amounts falling due after more than
one year

7

(70,248

)

(109,744

)

PROVISIONS FOR LIABILITIES 9 (5,270 ) (5,300 )
NET ASSETS 3,933 5,753

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,931 5,751
SHAREHOLDERS' FUNDS 3,933 5,753

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

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

The directors acknowledge their 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.

Teilo Components Ltd (Registered number: 06294034)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





A Emanuel - Director


Teilo Components Ltd (Registered number: 06294034)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Teilo Components 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.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress represents the amount of work completed, but not yet invoiced, at the year end.

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.

Teilo Components Ltd (Registered number: 06294034)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 132,459 2,885 54,050 189,394
Additions 728 - 5,990 6,718
At 30 June 2023 133,187 2,885 60,040 196,112
DEPRECIATION
At 1 July 2022 96,124 2,641 33,275 132,040
Charge for year 7,382 49 4,369 11,800
At 30 June 2023 103,506 2,690 37,644 143,840
NET BOOK VALUE
At 30 June 2023 29,681 195 22,396 52,272
At 30 June 2022 36,335 244 20,775 57,354

The net book value of tangible fixed assets held under hire purchase at 30 June 2023 was £12,984 (2022 : £22,701). The depreciation provided on these assets in the year was £2,015 (2022 : £3,575).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 118,274 144,103
Other debtors 1,000 -
VAT 4,808 9,397
124,082 153,500

Teilo Components Ltd (Registered number: 06294034)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 84,432 86,567
Hire purchase contracts 3,781 7,707
Trade creditors 37,686 54,885
Taxation and social security (456 ) 5,134
Other creditors 65,433 49,378
190,876 203,671

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 9,059 6,852
Other creditors 61,189 102,892
70,248 109,744

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank overdrafts 84,432 86,567
Hire purchase contracts 12,840 14,559
Other creditors 64,583 89,343
161,855 190,469

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 5,270 5,300

Deferred
tax
£   
Balance at 1 July 2022 5,300
Credit to Income Statement during year (30 )
Balance at 30 June 2023 5,270

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £53,000 (2022 - £24,000) were paid to the directors .

Teilo Components Ltd (Registered number: 06294034)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, A Emanuel and Mrs T Jones Emanuel.