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REGISTERED NUMBER: SC690823 (Scotland)











































Teatreasuresuk Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Teatreasuresuk Limited (Registered number: SC690823)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 4


Teatreasuresuk Limited

Company Information
for the year ended 31st March 2024







Director: Mrs G Henderson-Gates





Registered office: Office 4
Leader House
Mill Road
Earlston
Berwickshire
TD4 6DG





Registered number: SC690823 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Teatreasuresuk Limited (Registered number: SC690823)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,031 4,405

Current assets
Cash at bank 15 241

Creditors
Amounts falling due within one year 5 25,053 21,447
Net current liabilities (25,038 ) (21,206 )
Total assets less current liabilities (22,007 ) (16,801 )

Capital and reserves
Called up share capital 2 2
Retained earnings (22,009 ) (16,803 )
(22,007 ) (16,801 )

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

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

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 27th August 2024 and were signed by:





Mrs G Henderson-Gates - Director


Teatreasuresuk Limited (Registered number: SC690823)

Notes to the Financial Statements
for the year ended 31st March 2024

1. Statutory information

Teatreasuresuk Limited is a private company, limited by shares , registered in Scotland. 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors and directors' loans.

Directors' loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Teatreasuresuk Limited (Registered number: SC690823)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. Accounting policies - continued

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The company has a deficit on the balance sheet and made a loss this year. However most of the long term funding for the company is by way of a director's loan account. The director has made a commitment not to seek repayment of the loan within the foreseeable future. The director is confident that the company will trade out of its current difficulties.

3. Employees and directors

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

4. Tangible fixed assets
Plant and Office
machinery equipment Totals
£    £    £   
Cost
At 1st April 2023
and 31st March 2024 5,294 2,509 7,803
Depreciation
At 1st April 2023 2,316 1,082 3,398
Charge for year 745 629 1,374
At 31st March 2024 3,061 1,711 4,772
Net book value
At 31st March 2024 2,233 798 3,031
At 31st March 2023 2,978 1,427 4,405

5. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 2,109 2,566
Taxation and social security - 649
Other creditors 22,944 18,232
25,053 21,447