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REGISTERED NUMBER: 03538232 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Teekay Couplings Limited

Teekay Couplings Limited (Registered number: 03538232)






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

Chartered Accountants' Report 6

Teekay Couplings Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr I R Webb



SECRETARY: Miss J Webb



REGISTERED OFFICE: 4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF



REGISTERED NUMBER: 03538232 (England and Wales)



ACCOUNTANTS: Haines Watts (Berkhamsted) Limited
Chartered Accountants
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF



BANKERS: Nat West Bank Plc
Picadilly & New Bond Street
63-65 Piccadilly
London
W1J 0AJ

Teekay Couplings Limited (Registered number: 03538232)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,301 11,055

CURRENT ASSETS
Debtors 5 1,760,348 1,612,528
Cash at bank 37,403 19,760
1,797,751 1,632,288
CREDITORS
Amounts falling due within one year 6 1,219,211 1,070,510
NET CURRENT ASSETS 578,540 561,778
TOTAL ASSETS LESS CURRENT LIABILITIES 585,841 572,833

PROVISIONS FOR LIABILITIES 1,387 2,101
NET ASSETS 584,454 570,732

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 584,354 570,632
SHAREHOLDERS' FUNDS 584,454 570,732

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 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.

Teekay Couplings Limited (Registered number: 03538232)

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 director and authorised for issue on 28 March 2024 and were signed by:





Mr I R Webb - Director


Teekay Couplings Limited (Registered number: 03538232)

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

1. STATUTORY INFORMATION

Teekay Couplings 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents are being amortised evenly over their estimated useful life of twenty years.

Approvals are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

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.

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.

Teekay Couplings Limited (Registered number: 03538232)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Patents Approvals software Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 5,161 12,358 11,950 29,469
AMORTISATION
At 1 July 2022 2,065 7,656 8,693 18,414
Amortisation for year 258 1,106 2,390 3,754
At 30 June 2023 2,323 8,762 11,083 22,168
NET BOOK VALUE
At 30 June 2023 2,838 3,596 867 7,301
At 30 June 2022 3,096 4,702 3,257 11,055

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 384,664 586,115
Amounts owed by group undertakings 1,349,936 1,012,259
Other debtors 25,748 14,154
1,760,348 1,612,528

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 17,315 18,050
Amounts owed to group undertakings 1,193,657 1,036,852
Taxation and social security 6,614 9,160
Other creditors 1,625 6,448
1,219,211 1,070,510

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Teekay Couplings Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Teekay Couplings Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Teekay Couplings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Teekay Couplings Limited and state those matters that we have agreed to state to the director of Teekay Couplings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Teekay Couplings Limited and its director for our work or for this report.

It is your duty to ensure that Teekay Couplings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Teekay Couplings Limited. You consider that Teekay Couplings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Teekay Couplings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts (Berkhamsted) Limited
Chartered Accountants
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF


28 March 2024