Registered number: 09850222 | ||||||||
FOR THE YEAR ENDED 31/10/2023 | ||||||||
Prepared By: | ||||||||
Staffer Mayled & Co Ltd | ||||||||
46-48 Station Road | ||||||||
Cardiff | ||||||||
CF14 5LU |
Telonostix Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/10/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 09850222 | ||||||||
ACCOUNTANTS | ||||||||
Staffer Mayled & Co Ltd | ||||||||
46-48 Station Road | ||||||||
Cardiff | ||||||||
CF14 5LU |
Telonostix Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/10/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Telonostix Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
80,892 | 48,015 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 28,666 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 71,468 | 74,647 | |||||||
NET LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | (6,702) | (44,986) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Telonostix Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/10/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
There was a net deficiency of assets of £82,604 at the balance sheet date, however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future |
1c. Depreciation | ||||||||
Equipment | reducing balance 25% |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
Telonostix Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
At 01/11/2022 | 2,948 | 2,948 | ||
At 31/10/2023 | 2,948 | 2,948 | ||
Depreciation | ||||
At 01/11/2022 | 1,913 | 1,913 | ||
For the year | 260 | 260 | ||
At 31/10/2023 | 2,173 | 2,173 | ||
Net Book Amounts | ||||
At 31/10/2023 | 775 | |||
At 31/10/2022 | 1,035 | |||
3. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 15,855 | 33,480 | ||||||
Other debtors | 3,060 | 270 | ||||||
18,915 | 33,750 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
VAT | 5,210 | 5,674 | ||||||
PAYE control | 56 | - | ||||||
Directors current account | - | 3,962 | ||||||
Bank Loan | 6,802 | 6,802 | ||||||
Trade creditors | 3,165 | 1,565 | ||||||
Deferred income | 1,628 | 1,346 | ||||||
16,861 | 19,349 | |||||||
Telonostix Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Loans >1yr | 71,468 | 74,647 | ||||||
71,468 | 74,647 | |||||||
In February 2018, the company took out a loan of £39,191. Simple interest of 8% on this amount applies annually, until the loan is repaid in full. Company has a right to repay the loan (inclusive of accrued interest) once they are ready. In May 2020, the company entered into a loan agreement of 72 payments of £566.82 plus interest of 2.5% p.a. above the base rate. No repayments are due for the first 12 months. | ||||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
40 | 40 | |||||||
40 | 40 | |||||||
9. CONTROLLING PARTY | ||||||||
The controlling party are the directors and shareholders of the company. | ||||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||