Acorah Software Products - Accounts Production 16.0.110 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 SC457954 Mrs Margaret Shields Mrs Margaret Shields Mr Martin Shields iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC457954 2022-11-30 SC457954 2023-11-30 SC457954 2022-12-01 2023-11-30 SC457954 frs-core:CurrentFinancialInstruments 2023-11-30 SC457954 frs-core:Non-currentFinancialInstruments 2023-11-30 SC457954 frs-core:BetweenOneFiveYears 2023-11-30 SC457954 frs-core:FurnitureFittings 2023-11-30 SC457954 frs-core:FurnitureFittings 2022-12-01 2023-11-30 SC457954 frs-core:FurnitureFittings 2022-11-30 SC457954 frs-core:MotorVehicles 2023-11-30 SC457954 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC457954 frs-core:MotorVehicles 2022-11-30 SC457954 frs-core:PlantMachinery 2023-11-30 SC457954 frs-core:PlantMachinery 2022-12-01 2023-11-30 SC457954 frs-core:PlantMachinery 2022-11-30 SC457954 frs-core:WithinOneYear 2023-11-30 SC457954 frs-core:ShareCapital 2023-11-30 SC457954 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC457954 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC457954 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC457954 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC457954 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC457954 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC457954 frs-bus:Director1 2022-12-01 2023-11-30 SC457954 frs-bus:Director2 2022-12-01 2023-11-30 SC457954 frs-bus:Director3 2022-12-01 2023-11-30 SC457954 frs-countries:Scotland 2022-12-01 2023-11-30 SC457954 2021-11-30 SC457954 2022-11-30 SC457954 2021-12-01 2022-11-30 SC457954 frs-core:CurrentFinancialInstruments 2022-11-30 SC457954 frs-core:Non-currentFinancialInstruments 2022-11-30 SC457954 frs-core:BetweenOneFiveYears 2022-11-30 SC457954 frs-core:WithinOneYear 2022-11-30 SC457954 frs-core:ShareCapital 2022-11-30 SC457954 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC457954
Tepp Extrusion Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
CMA Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC457954
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79,615 95,353
79,615 95,353
CURRENT ASSETS
Stocks 5 8,250 9,350
Debtors 6 18,812 41,332
Cash at bank and in hand 4,183 6,418
31,245 57,100
Creditors: Amounts Falling Due Within One Year 7 (12,947 ) (14,062 )
NET CURRENT ASSETS (LIABILITIES) 18,298 43,038
TOTAL ASSETS LESS CURRENT LIABILITIES 97,913 138,391
Creditors: Amounts Falling Due After More Than One Year 8 (37,179 ) (45,817 )
NET ASSETS 60,734 92,574
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 60,733 92,573
SHAREHOLDERS' FUNDS 60,734 92,574
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Margaret Shields
Director
29 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Tepp Extrusion Limited is a private company, limited by shares, incorporated in Scotland, registered number SC457954 . The registered office is Limetree Garage, Glasgow Road, Hamilton, ML3 0RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2022 109,289 28,737 22,608 160,634
As at 30 November 2023 109,289 28,737 22,608 160,634
Depreciation
As at 1 December 2022 47,515 14,375 3,391 65,281
Provided during the period 9,266 3,590 2,882 15,738
As at 30 November 2023 56,781 17,965 6,273 81,019
Net Book Value
As at 30 November 2023 52,508 10,772 16,335 79,615
As at 1 December 2022 61,774 14,362 19,217 95,353
5. Stocks
2023 2022
£ £
Stock 8,250 9,350
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 18,812 35,650
Other debtors - 5,682
18,812 41,332
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,083 3,083
Bank loans and overdrafts 5,555 5,555
Other creditors 2,476 5,424
Taxation and social security 1,833 -
12,947 14,062
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,623 9,706
Bank loans 30,556 36,111
37,179 45,817
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9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,083 3,083
Later than one year and not later than five years 6,623 9,706
9,706 12,789
9,706 12,789
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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