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REGISTERED NUMBER: 07598153 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

TEESDALE LIMITED

TEESDALE LIMITED (REGISTERED NUMBER: 07598153)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEESDALE LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: J G Pollitt





REGISTERED OFFICE: 101 Galgate
Barnard Castle
Co. Durham
DL12 8ES





REGISTERED NUMBER: 07598153 (England and Wales)





ACCOUNTANTS: Blaeford Gordon & Company Ltd
101 Galgate
Barnard Castle
Co. Durham
DL12 8ES

TEESDALE LIMITED (REGISTERED NUMBER: 07598153)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 616,073 574,328
Investments 5 343,149 -
959,222 574,328

CURRENT ASSETS
Stocks 6 62,822 31,289
Debtors 7 251,381 140,847
Cash at bank 959,878 549,478
1,274,081 721,614
CREDITORS
Amounts falling due within one year 8 (740,097 ) (235,779 )
NET CURRENT ASSETS 533,984 485,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,493,206

1,060,163

CREDITORS
Amounts falling due after more than one
year

9

(7,110

)

(37,250

)

PROVISIONS FOR LIABILITIES 11 (154,018 ) (145,582 )
NET ASSETS 1,332,078 877,331

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,331,978 877,231
SHAREHOLDERS' FUNDS 1,332,078 877,331

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 director acknowledges his 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.

TEESDALE LIMITED (REGISTERED NUMBER: 07598153)

BALANCE SHEET - 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 director and authorised for issue on 3 December 2024 and were signed by:





J G Pollitt - Director


TEESDALE LIMITED (REGISTERED NUMBER: 07598153)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Teesdale 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.

The balance sheet shows current liabilities in excess of current assets. The director has provided financial support to the company throughout the accounting period and has indicated his willingness to continue to do so for the foreseeable future. Consequently the accounts are prepared on a going concern basis.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2023 - 15 ) .

TEESDALE LIMITED (REGISTERED NUMBER: 07598153)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 27,688 81,877 663,321 10,528 783,414
Additions 4,245 3,312 223,563 3,826 234,946
Disposals - - (119,675 ) - (119,675 )
At 30 April 2024 31,933 85,189 767,209 14,354 898,685
DEPRECIATION
At 1 May 2023 14,231 28,819 164,502 1,534 209,086
Charge for year 1,346 5,306 124,704 1,798 133,154
Eliminated on disposal - - (59,628 ) - (59,628 )
At 30 April 2024 15,577 34,125 229,578 3,332 282,612
NET BOOK VALUE
At 30 April 2024 16,356 51,064 537,631 11,022 616,073
At 30 April 2023 13,457 53,058 498,819 8,994 574,328

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 197,966
Transfer to ownership (134,066 )
At 30 April 2024 63,900
NET BOOK VALUE
At 30 April 2024 63,900
At 30 April 2023 197,966

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 343,149
At 30 April 2024 343,149
NET BOOK VALUE
At 30 April 2024 343,149

TEESDALE LIMITED (REGISTERED NUMBER: 07598153)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

6. STOCKS
30.4.24 30.4.23
£    £   
Stocks 10,921 12,839
Work-in-progress 51,901 18,450
62,822 31,289

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 223,618 95,878
Rent bond 984 984
VAT 26,779 43,985
251,381 140,847

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Short term loan 6,390 -
Hire purchase contracts 17,750 24,350
Trade creditors 485,762 172,781
Tax 224,146 32,651
Directors' current accounts 849 797
Accrued expenses 5,200 5,200
740,097 235,779

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other loans - 1-2 years 7,110 19,500
Hire purchase contracts - 17,750
7,110 37,250

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 17,750 42,100

Assets on hire purchase are secured by the assets to which the finance relates.

11. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 154,018 145,582

TEESDALE LIMITED (REGISTERED NUMBER: 07598153)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 145,582
Provided during year 8,436
Balance at 30 April 2024 154,018

12. ULTIMATE CONTROLLING PARTY

The controlling party is J G Pollitt.