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Teriot UK Limited
Registered Number:10515205
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Teriot UK Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
10515205
As at 31 December 2023
Teriot UK Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
10,000
10,000
2
Property, plant and equipment
166,944
165,852
3
176,944
175,852
Current assets
Trade and other receivables
58,904
43,155
4
1,156
Cash and cash equivalents
5,514
48,669
60,060
Trade and other payables: amounts falling due within one
year
(72,808)
(49,094)
5
(12,748)
(425)
Net current liabilities
Total assets less current liabilities
176,519
163,104
Trade and other payables: amounts falling due after more
than one year
(69,050)
(80,702)
6
95,817
Net assets
94,054
Capital and reserves
Called up share capital
1
1
Retained earnings
95,816
94,053
95,817
94,054
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Jaimeet Singh Bhogal Director
These financial statements were approved and authorised for issue by the Board on 15 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Teriot UK Limited
Notes to the Financial Statements
Statutory Information
Teriot UK Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
10515205.
Registered address:
Unit 12, Isis Trading Estate,
Stratton Road,
Swindon,
England,
SN1 2PG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 December 2023
Teriot UK Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other
Intangible
Assets
Cost or valuation
£
At 01 January 2023
10,000
At 31 December 2023
10,000
Net book value
At 31 December 2023
10,000
At 31 December 2022
10,000
3. Property, plant and equipment
Total
Plant and
Machinery
Land and
Buildings
£
£
£
Cost or
valuation
At 01 January 2023
203,342
100,842
102,500
1,092
1,092
-
Additions
At 31 December 2023
102,500
101,934
204,434
Provision for depreciation and impairment
At 01 January 2023
37,490
37,490
-
At 31 December 2023
37,490
37,490
-
At 31 December 2023
Net book value
102,500
64,444
166,944
At 31 December 2022
102,500
63,352
165,852
4. Trade and other receivables
2022
2023
£
£
Trade debtors
4,633
2,932
Other debtors
38,522
55,972
58,904
43,155
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6
For the year ended 31 December 2023
Teriot UK Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
3,804
1,945
Trade creditors
874
12,073
Taxation and social security
20,840
23,603
Other creditors
23,576
35,187
49,094
72,808
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
26,834
34,883
Other creditors
53,868
34,167
80,702
69,050
7. Average number of persons employed
During the year the average number of employees was 8 (2022 : 6)
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