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REGISTERED NUMBER: 06568729 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Telsar Limited

Telsar Limited (Registered number: 06568729)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 6

Telsar Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr Dipash Patel
Mr Baljinder Panesar





SECRETARY: Mr Dipash Patel





REGISTERED OFFICE: Brook House
54A Cowley Mill Road
Uxbridge
Middlesex
UB8 2QE





REGISTERED NUMBER: 06568729 (England and Wales)





ACCOUNTANTS: Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU

Telsar Limited (Registered number: 06568729)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 16,331 20,414

CURRENT ASSETS
Debtors 5 516 260,887
Cash at bank and in hand 106,695 63,689
107,211 324,576
CREDITORS
Amounts falling due within one year 6 132,002 276,287
NET CURRENT (LIABILITIES)/ASSETS (24,791 ) 48,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,460

)

68,703

CREDITORS
Amounts falling due after more than
one year

7

36,660

135,168
NET LIABILITIES (45,120 ) (66,465 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (45,220 ) (66,565 )
SHAREHOLDERS' FUNDS (45,120 ) (66,465 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Telsar Limited (Registered number: 06568729)

Statement of Financial Position - continued
30 April 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 Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





Mr Dipash Patel - Director


Telsar Limited (Registered number: 06568729)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Telsar 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
Revenue 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 54,374 27,030 26,556 107,960
DEPRECIATION
At 1 May 2023 43,338 22,738 21,470 87,546
Charge for year 2,207 859 1,017 4,083
At 30 April 2024 45,545 23,597 22,487 91,629
NET BOOK VALUE
At 30 April 2024 8,829 3,433 4,069 16,331
At 30 April 2023 11,036 4,292 5,086 20,414

Telsar Limited (Registered number: 06568729)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other Debtors - 185,887
Amounts owed by group undertakings - 75,000
Prepayments 516 -
516 260,887

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade Creditors 1,468 1,154
Corporation Tax - 19
Social security and other taxes (1,928 ) (1,103 )
Pension 365 343
Value Added Tax 13,157 3,903
Other creditors 30,000 -
Directors' current accounts 88,940 271,971
132,002 276,287

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-5 years 36,660 41,085
Telsar Auction Ltd - 70,000
Other Creditors - 24,083
36,660 135,168

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 (66,565 )
Profit for the year 21,345
At 30 April 2024 (45,220 )

Telsar Limited

Report of the Accountants to the Directors of
Telsar Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU


Date: .............................................