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Teibi Art Ltd

Registered Number
SC618676
(Scotland)

Unaudited Financial Statements for the Year ended
30 June 2024

Teibi Art Ltd
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

Buchanan, Cameron John
Cowan, Sheila Grace

Registered Address

102 St. Leonards Road
Ayr
KA7 2PU

Registered Number

SC618676 (Scotland)
Teibi Art Ltd
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks4-4,932
Cash at bank and on hand21
24,933
Creditors amounts falling due within one year5(9,657)(13,909)
Net current assets (liabilities)(9,655)(8,976)
Total assets less current liabilities(9,655)(8,976)
Net assets(9,655)(8,976)
Capital and reserves
Called up share capital22
Profit and loss account(9,657)(8,978)
Shareholders' funds(9,655)(8,976)
The financial statements were approved and authorised for issue by the Board of Directors on 24 July 2024, and are signed on its behalf by:
Buchanan, Cameron John
Director
Registered Company No. SC618676
Teibi Art Ltd
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment2.5
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 231,3061,306
At 30 June 241,3061,306
Depreciation and impairment
At 01 July 231,3061,306
At 30 June 241,3061,306
Net book value
At 30 June 24--
At 30 June 23--
4.Stocks

2024

2023

££
Work in progress-4,932
Total-4,932
5.Creditors: amounts due within one year

2024

2023

££
Other creditors9,35713,609
Accrued liabilities and deferred income300300
Total9,65713,909