Registered number
11269076
TELPANI SERVICES LIMITED
Filleted Accounts
for the year ended 31 March 2024
TELPANI SERVICES LIMITED
Registered number: 11269076
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,751 4,689
Current assets
Stocks 9,075 9,145
Debtors 4 41,538 41,538
Cash at bank and in hand 6,175 16,989
56,788 67,672
Creditors: amounts falling due within one year 5 (29,920) (15,463)
Net current assets 26,868 52,209
Total assets less current liabilities 30,619 56,898
Creditors: amounts falling due after more than one year 6 (35,896) (41,105)
Net (liabilities)/assets (5,277) 15,793
Capital and reserves
Called up share capital 1 1
Profit and loss account (5,278) 15,792
Shareholder's funds (5,277) 15,793
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Krishna Shah
Director
Approved by the board on 6 November 2024
TELPANI SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of foods from the restaurant and from the rendering of services.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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balances
Fixtures, fittings, tools and equipment 20% reducing balances
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 14,306
At 31 March 2024 14,306
Depreciation
At 1 April 2023 9,617
Charge for the year 938
At 31 March 2024 10,555
Net book value
At 31 March 2024 3,751
At 31 March 2023 4,689
4 Debtors 2024 2023
£ £
Other debtors 41,538 41,538
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 18,209 8,201
Nest Pension 229 313
Taxation and social security costs 10,802 5,971
Other creditors 680 978
29,920 15,463
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 35,896 41,105
7 Other information
TELPANI SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
25 Balham High Road
Balham
London
SW12 9AL
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