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REGISTERED NUMBER: 11277692 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

TEGO Limited

TEGO Limited (Registered number: 11277692)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEGO Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: AD Rumens





REGISTERED OFFICE: 6 Newbury Grange
Bracknell
Berkshire
RG42 4JW





REGISTERED NUMBER: 11277692 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

TEGO Limited (Registered number: 11277692)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,497 55,329

CURRENT ASSETS
Debtors 5 13,236 29,297
Cash at bank 22,050 58,386
35,286 87,683
CREDITORS
Amounts falling due within one year 6 55,798 51,972
NET CURRENT (LIABILITIES)/ASSETS (20,512 ) 35,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,985

91,040

CREDITORS
Amounts falling due after more than one
year

7

16,315

27,383
NET ASSETS 4,670 63,657

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,669 63,656
4,670 63,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

TEGO Limited (Registered number: 11277692)

Balance Sheet - continued
31 March 2024


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 30 July 2024 and were signed by:





AD Rumens - Director


TEGO Limited (Registered number: 11277692)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

TEGO 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.

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 - 15% reducing balance / 20% straight line
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

TEGO Limited (Registered number: 11277692)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 5,894 55,911 11,893 73,698
DEPRECIATION
At 1 April 2023 2,011 7,812 8,546 18,369
Charge for year 583 11,000 2,249 13,832
At 31 March 2024 2,594 18,812 10,795 32,201
NET BOOK VALUE
At 31 March 2024 3,300 37,099 1,098 41,497
At 31 March 2023 3,883 48,099 3,347 55,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 11,136 7,934
Prepayments and accrued income 2,100 21,363
13,236 29,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans 11,067 10,065
Trade creditors 4,132 -
Corporation tax 25,517 24,837
Social security and other taxes 13,782 13,059
Accruals and deferred income 1,300 4,011
55,798 51,972

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other loans - 2-5 years 16,315 27,383