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Company Registration No. 08833477 (England and Wales)
Telesis IT Services Limited Unaudited accounts for the year ended 30 April 2024
Telesis IT Services Limited Unaudited accounts Contents
Page
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Telesis IT Services Limited Company Information for the year ended 30 April 2024
Director
C C Bleakley
Company Number
08833477 (England and Wales)
Registered Office
Unit 1B Parklands Lostock Bolton BL6 4SD United Kingdom
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Telesis IT Services Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
168,525 
214,968 
Cash at bank and in hand
4,490 
1,894 
173,015 
216,862 
Creditors: amounts falling due within one year
(115,477)
(163,934)
Net current assets
57,538 
52,928 
Net assets
57,538 
52,928 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
57,438 
52,828 
Shareholders' funds
57,538 
52,928 
For the year ending 30 April 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 January 2025 and were signed on its behalf by
C C Bleakley Director Company Registration No. 08833477
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Telesis IT Services Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Telesis IT Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08833477. The registered office is Unit 1B Parklands, Lostock, Bolton, BL6 4SD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. The company has elected to apply the provisions of Section 11'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' of FRS 102 to all of it financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Between 2 and 3 years
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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Telesis IT Services Limited Notes to the Accounts for the year ended 30 April 2024
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company?s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited to the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same authority.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
309,598 
At 30 April 2024
309,598 
Depreciation
At 1 May 2023
309,598 
At 30 April 2024
309,598 
Net book value
At 30 April 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
156,000 
144,794 
Accrued income and prepayments
7,000 
1,663 
Other debtors
5,525 
68,511 
168,525 
214,968 
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Telesis IT Services Limited Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
158 
- 
Trade creditors
1,060 
11,064 
Taxes and social security
1,049 
4,628 
Other creditors
113,210 
119,582 
Accruals
- 
28,660 
115,477 
163,934 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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