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REGISTERED NUMBER: 02482938 (England and Wales)











Sally French-Teeling Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Sally French-Teeling Limited (Registered number: 02482938)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Sally French-Teeling Limited

Company Information
for the Year Ended 31 August 2024







Directors: Dr C French
Mrs S French-Teeling





Secretary: Mrs S French-Teeling





Registered office: 1 The Downs
Cheadle
Cheshire
SK8 1JL





Registered number: 02482938 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Sally French-Teeling Limited (Registered number: 02482938)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
Fixed assets
Tangible assets 4 1,204 1,615

Current assets
Stocks 20,088 57,808
Debtors 5 56,286 46,127
Cash at bank and in hand 7,784 25,986
84,158 129,921
Creditors
Amounts falling due within one year 6 (22,967 ) (27,453 )
Net current assets 61,191 102,468
Total assets less current liabilities 62,395 104,083

Provisions for liabilities (207 ) (281 )
Net assets 62,188 103,802

Capital and reserves
Called up share capital 5,000 5,000
Retained earnings 57,188 98,802
Shareholders' funds 62,188 103,802

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

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

Sally French-Teeling Limited (Registered number: 02482938)

Balance Sheet - continued
31 August 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 11 November 2024 and were signed on its behalf by:





Mrs S French-Teeling - Director


Sally French-Teeling Limited (Registered number: 02482938)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. Statutory information

Sally French-Teeling 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
Turnover 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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Sally French-Teeling Limited (Registered number: 02482938)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. Accounting policies - continued

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 7 (2023 - 7 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 September 2023
and 31 August 2024 114,725
Depreciation
At 1 September 2023 113,110
Charge for year 411
At 31 August 2024 113,521
Net book value
At 31 August 2024 1,204
At 31 August 2023 1,615

5. Debtors: amounts falling due within one year
31.8.24 31.8.23
£    £   
Trade debtors 49,281 40,468
Other debtors 7,005 5,659
56,286 46,127

Sally French-Teeling Limited (Registered number: 02482938)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. Creditors: amounts falling due within one year
31.8.24 31.8.23
£    £   
Trade creditors 15,539 15,008
Taxation and social security 2,073 7,282
Other creditors 5,355 5,163
22,967 27,453

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 12,315 12,433
Between one and five years 2,806 10,603
15,121 23,036