TEEAC ASSOCIATES LIMITED

Company Registration Number:
04564768 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

TEEAC ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

TEEAC ASSOCIATES LIMITED

Company Information

for the Period Ended 31 December 2023




Director: Olatunde Sulaiman
Secretary: Basirat Sulaiman
Registered office: 4
Dunton Road
Bermondsey
London
England
SE1 5TJ
Company Registration Number: 04564768 (England and Wales)

TEEAC ASSOCIATES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 1,428 3,234
Total fixed assets: 1,428 3,234
Current assets
Debtors: 21,972 21,972
Cash at bank and in hand: 16,383 8,444
Total current assets: 38,355 30,416
Creditors: amounts falling due within one year: ( 52,029 ) ( 52,211 )
Net current assets (liabilities): ( 13,674 ) ( 21,795 )
Total assets less current liabilities: ( 12,246 ) ( 18,561 )
Total net assets (liabilities): ( 12,246 ) ( 18,561 )

The notes form part of these financial statements

TEEAC ASSOCIATES LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: ( 22,246 ) ( 28,561 )
Shareholders funds: ( 12,246 ) ( 18,561 )

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 April 2024
And Signed On Behalf Of The Board By:

Name: Olatunde Sulaiman
Status: Director

The notes form part of these financial statements

TEEAC ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value of services provided under an agreement to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a service/work has been partially completed at the balance sheet date; turnover represent the value of service provided to date based on a proportion of the total expected consideration at completion.
    Where payments are received from customers in advance of services provided, the amount are recorded as Deferred income and included as part of Creditors due within one year.

    Tangible fixed assets depreciation policy

    Fixed Assets are depreciated over their useful life using the straight-line method at the rate(s) stated below.
    Depreciation is charge fully in the year of acquisition and none in the year of disposal.
    Office Equipment 20%

TEEAC ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

TEEAC ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

TEEAC ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 9,030
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2023 9,030
Depreciation
At 01 January 2023 5,796
Charge for year 1,806
On disposals -
Other adjustments -
At 31 December 2023 7,602
Net book value
At 31 December 2023 1,428
At 31 December 2022 3,234

Fixed Assets are depreciated over their useful life using the straight-line method at the rate(s) stated below. Depreciation is charge fully in the year of acquisition and none in the year of disposal.
Office Equipment 20%