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REGISTERED NUMBER: 13648475 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

TESEL GROUP LTD

TESEL GROUP LTD (REGISTERED NUMBER: 13648475)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TESEL GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Miss R Shanab
Mr A H Manley





REGISTERED OFFICE: 7 Bell Yard
LONDON
WC2A 2JR





REGISTERED NUMBER: 13648475 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

TESEL GROUP LTD (REGISTERED NUMBER: 13648475)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,878 49,466
Tangible assets 5 598 835
31,476 50,301

CURRENT ASSETS
Debtors 6 103,108 76,756
Cash at bank 18,544 9,666
121,652 86,422
CREDITORS
Amounts falling due within one year 7 15,093 12,046
NET CURRENT ASSETS 106,559 74,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,035

124,677

CAPITAL AND RESERVES
Called up share capital 93,420 87,201
Share premium 261,281 167,999
Retained earnings (216,666 ) (130,523 )
138,035 124,677

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 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.

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 20 January 2025 and were signed on its behalf by:



Miss R Shanab - Director


TESEL GROUP LTD (REGISTERED NUMBER: 13648475)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Tesel Group 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 - 20% on cost

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

TESEL GROUP LTD (REGISTERED NUMBER: 13648475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 74,353
AMORTISATION
At 1 May 2023 24,887
Charge for year 18,588
At 30 April 2024 43,475
NET BOOK VALUE
At 30 April 2024 30,878
At 30 April 2023 49,466

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 1,186
DEPRECIATION
At 1 May 2023 351
Charge for year 237
At 30 April 2024 588
NET BOOK VALUE
At 30 April 2024 598
At 30 April 2023 835

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 103,108 76,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 4,109
Taxation and social security 13,667 5,943
Other creditors 1,426 1,994
15,093 12,046

TESEL GROUP LTD (REGISTERED NUMBER: 13648475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Miss R Shanab
Balance outstanding at start of year 6,667 -
Amounts advanced 33,613 6,667
Amounts repaid (14,003 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,277 6,667

Mr A H Manley
Balance outstanding at start of year - -
Amounts advanced 5,100 -
Amounts repaid (5,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100 -

At the end of the financial year the company was owed £26,277 (2022 £6,667) from the director R Shanab.

Interest was charged on the overdrawn director's current account at a rate of 2.25%.