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REGISTERED NUMBER: 04271778 (England and Wales)












TEDS MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






TEDS MANAGEMENT LIMITED (REGISTERED NUMBER: 04271778)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


TEDS MANAGEMENT LIMITED (REGISTERED NUMBER: 04271778)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 47,599 63,342

Current assets
Debtors 5 32,751 26,024
Cash at bank and in hand 988,032 567,272
1,020,783 593,296
Creditors
Amounts falling due within one year 6 930,283 495,499
Net current assets 90,500 97,797
Total assets less current liabilities 138,099 161,139

Creditors
Amounts falling due after more than one
year

7

(69,854

)

(112,994

)

Provisions for liabilities (11,900 ) (15,643 )
Net assets 56,345 32,502

Capital and reserves
Called up share capital 1 1
Retained earnings 56,344 32,501
56,345 32,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TEDS MANAGEMENT LIMITED (REGISTERED NUMBER: 04271778)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





Ms T Keely - Director


TEDS MANAGEMENT LIMITED (REGISTERED NUMBER: 04271778)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. Statutory information

TEDS Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04271778

Registered office: 116 Pall Mall
London
SW1Y 5ED

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 comprises the fair value of the consideration received or receivable in respect of services provided in the provision of management consultancy specialising in childcare. Turnover is shown net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a service to the customer.

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 etc - 25% on reducing balance, Straight line over 10 years and Straight line over 4 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

TEDS MANAGEMENT LIMITED (REGISTERED NUMBER: 04271778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2023 130,182
Additions 3,209
Disposals (26,063 )
At 31 December 2023 107,328
Depreciation
At 1 January 2023 66,840
Charge for year 17,854
Eliminated on disposal (24,965 )
At 31 December 2023 59,729
Net book value
At 31 December 2023 47,599
At 31 December 2022 63,342

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 17,570 15,175
Other debtors 15,181 10,849
32,751 26,024

TEDS MANAGEMENT LIMITED (REGISTERED NUMBER: 04271778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 6,250 15,296
Taxation and social security 62,720 17,471
Other creditors 850,665 452,084
930,283 495,499

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 14,288 24,180
Hire purchase contracts - 5,954
Other creditors 55,566 82,860
69,854 112,994

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 24,936 34,828