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Company No: 07888352 (England and Wales)

TELEDATA PROJECT MANAGEMENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

TELEDATA PROJECT MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

TELEDATA PROJECT MANAGEMENT LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
TELEDATA PROJECT MANAGEMENT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR Mr A J Smirk
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
COMPANY NUMBER 07888352 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
TELEDATA PROJECT MANAGEMENT LIMITED

BALANCE SHEET

As at 31 December 2023
TELEDATA PROJECT MANAGEMENT LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 784 1,100
784 1,100
Current assets
Debtors 4 55,484 46,994
Cash at bank and in hand 27,233 101,825
82,717 148,819
Creditors: amounts falling due within one year 5 ( 8,506) ( 50,138)
Net current assets 74,211 98,681
Total assets less current liabilities 74,995 99,781
Net assets 74,995 99,781
Capital and reserves
Called-up share capital 6 3 3
Profit and loss account 74,992 99,778
Total shareholder's funds 74,995 99,781

For the financial year ending 31 December 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 financial statements of Teledata Project Management Limited (registered number: 07888352) were approved and authorised for issue by the Director on 06 August 2024. They were signed on its behalf by:

Mr A J Smirk
Director
TELEDATA PROJECT MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
TELEDATA PROJECT MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Teledata Project Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services made during the year in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax, returns, rebates and discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 January 2023 1,584 1,584
At 31 December 2023 1,584 1,584
Accumulated depreciation
At 01 January 2023 484 484
Charge for the financial year 316 316
At 31 December 2023 800 800
Net book value
At 31 December 2023 784 784
At 31 December 2022 1,100 1,100

4. Debtors

2023 2022
£ £
Other debtors 55,484 46,994

5. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals 2,500 2,250
Other taxation and social security 0 2,725
Other creditors 6,006 45,163
8,506 50,138

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
3 Ordinary shares of £ 1.00 each 3 3

7. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Loan repayable on demand with interest charged at a rate of 2.25% 55,066 46,292

During the year advances totalling £67,969 (2022: £59,517) were paid to the director. Repayments totalling £59,195 (2022: £110,962) were made by the director. The balance due by the director at the balance sheet date is stated above.