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REGISTERED NUMBER: 11818869 (England and Wales)















Unaudited Financial Statements

for the Year Ended

29 February 2024

for

Teper Mep Ltd

Teper Mep Ltd (Registered number: 11818869)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Teper Mep Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: S P Dempsey
E R Dempsey





REGISTERED OFFICE: 9 Station Road
Glenfield
Leicester
Leicestershire
LE3 8BT





REGISTERED NUMBER: 11818869 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Teper Mep Ltd


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 Balance Sheet. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Teper Mep Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Teper Mep Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Teper Mep Ltd and state those matters that we have agreed to state to the Board of Directors of Teper Mep Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Teper Mep Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Teper Mep Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Teper Mep Ltd. You consider that Teper Mep Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Teper Mep Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


15 November 2024

Teper Mep Ltd (Registered number: 11818869)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 185,032 90,050

CURRENT ASSETS
Stocks 2,300 2,300
Debtors 5 561,617 190,285
Cash at bank and in hand 128,854 188,580
692,771 381,165
CREDITORS
Amounts falling due within one year 6 512,235 302,525
NET CURRENT ASSETS 180,536 78,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,568

168,690

CREDITORS
Amounts falling due after more than
one year

7

(73,434

)

(38,426

)

PROVISIONS FOR LIABILITIES (33,888 ) (14,599 )
NET ASSETS 258,246 115,665

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 258,244 115,663
SHAREHOLDERS' FUNDS 258,246 115,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Teper Mep Ltd (Registered number: 11818869)

Balance Sheet - continued
29 February 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 15 November 2024 and were signed on its behalf by:





S P Dempsey - Director


Teper Mep Ltd (Registered number: 11818869)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Teper Mep Ltd 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
Due to the nature of the company, turnover is solely derived from contract revenue and is recognised on a stage of completion basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Work in progress is valued based on ongoing contracts at the year end.

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.


Teper Mep Ltd (Registered number: 11818869)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued
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.

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 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 37,866 24,429 6,397
Additions 17,999 9,027 4,155
Disposals - - -
At 29 February 2024 55,865 33,456 10,552
DEPRECIATION
At 1 March 2023 1,894 7,604 1,367
Charge for year 2,795 5,018 1,055
Eliminated on disposal - - -
At 29 February 2024 4,689 12,622 2,422
NET BOOK VALUE
At 29 February 2024 51,176 20,834 8,130
At 28 February 2023 35,972 16,825 5,030

Teper Mep Ltd (Registered number: 11818869)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 46,711 25,662 141,065
Additions 102,204 6,723 140,108
Disposals (8,710 ) - (8,710 )
At 29 February 2024 140,205 32,385 272,463
DEPRECIATION
At 1 March 2023 25,215 14,935 51,015
Charge for year 28,040 6,476 43,384
Eliminated on disposal (6,968 ) - (6,968 )
At 29 February 2024 46,287 21,411 87,431
NET BOOK VALUE
At 29 February 2024 93,918 10,974 185,032
At 28 February 2023 21,496 10,727 90,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 503,447 90,305
Other debtors - 47,500
VAT 56,727 26,246
Prepayments and accrued income 1,443 26,234
561,617 190,285

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 24,648 6,699
Trade creditors 386,444 89,981
Corporation tax 56,162 26,874
Social security and other taxes 15,420 9,563
Other creditors 3,745 5,030
Directors' current accounts 13,043 24,391
Accruals and deferred income 2,773 129,987
512,235 302,525

Teper Mep Ltd (Registered number: 11818869)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 3,334 13,334
Hire purchase contracts 60,100 15,092
73,434 38,426

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 84,748 21,791

The above debts are secured on the asset in which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

10. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £154,088 (2023: £85,500).

11. RELATED PARTY DISCLOSURES

Included in other debtors is a loan of £nil (2023: £47,500) to a company that the directors have an interest in. The loan is interest free and repayable on demand.