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Registered Number: 11872025
England and Wales

 

 

 

TERANI LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Director Milad Dadkhah Tehrani
Registered Number 11872025
Registered Office 178 MERTON HIGH STREET
LONDON ENGLAND
SW19 1AY
Accountants ASK ACCOUNTANTS UK LIMITED
178
Merton High Street
London
SW19 1AY
1
  2023   2022
    £ £   £ £
Current assets 246,863      335,956   
Creditors: amount falling due within one year (151,678)     (113,015)  
Net current assets   95,185      222,941 
Total assets less current liabilities   95,185      222,941 
Creditors: amount falling due after more than one year   (187,195)     (192,244)
Net liabilities   (92,010)     30,697 
 

         
Capital and reserves   (92,010)     30,697 
 
NOTES TO THE ACCOUNTS

General Information
TERANI LTD is a private company, limited by shares, registered in England and Wales, registration number 11872025, registration address 178 MERTON HIGH STREET, LONDON ENGLAND, SW19 1AY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 1).


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 22 March 2024 and were signed by:


--------------------------------
Milad Dadkhah Tehrani
Director
2