Company Registration No. 10763434 (England and Wales)
TEEGEE Digital Limited
Unaudited accounts
for the year ended 31 May 2024
TEEGEE Digital Limited
Unaudited accounts
Contents
TEEGEE Digital Limited
Company Information
for the year ended 31 May 2024
Directors
Gareth Arya
Tracy Arya
Company Number
10763434 (England and Wales)
Registered Office
19 HOUGH LANE
LEYLAND
PR25 2SB
ENGLAND
TEEGEE Digital Limited
Accountants' report
Accountants' report to the board of directors of TEEGEE Digital Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
TEEGEE Digital Limited for the year ended
31 May 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of TEEGEE Digital Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of TEEGEE Digital Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TEEGEE Digital Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TEEGEE Digital Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of TEEGEE Digital Limited. You consider that TEEGEE Digital Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TEEGEE Digital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TEEGEE Digital Limited
Statement of financial position
as at 31 May 2024
Tangible assets
12,983
12,983
Cash at bank and in hand
273
25,373
Creditors: amounts falling due within one year
(130,886)
(13,064)
Net current (liabilities)/assets
(121,061)
73,540
Total assets less current liabilities
2,532
86,523
Creditors: amounts falling due after more than one year
16,911
(108,846)
Net assets/(liabilities)
19,443
(22,323)
Profit and loss account
19,443
(22,323)
Shareholders' funds
19,443
(22,323)
For the year ending 31 May 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 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 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 of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by
Gareth Arya
Director
Company Registration No. 10763434
TEEGEE Digital Limited
Notes to the Accounts
for the year ended 31 May 2024
TEEGEE Digital Limited is a private company, limited by shares, registered in England and Wales, registration number 10763434. The registered office is 19 HOUGH LANE, LEYLAND, PR25 2SB, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
9,282
15,749
25,031
At 31 May 2024
9,282
15,749
25,031
At 1 June 2023
2,943
9,105
12,048
At 31 May 2024
2,943
9,105
12,048
At 31 May 2024
6,339
6,644
12,983
At 31 May 2023
6,339
6,644
12,983
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 June 2023
-
-
-
Additions
86,600
24,010
110,610
Valuation at 31 May 2024
86,600
24,010
110,610
The company has an outstanding intercompany loan of £86,600 to its wholly-owned subsidiary, at a fixed interest rate of 5% with a maturity date of May 31, 2028. The loan is considered to be fully collectible based on the subsidiary's financial condition
TEEGEE Digital Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
9,552
27,963
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,924
13,064
8
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
-
108,846
Loans from directors
(16,911)
-
9
Average number of employees
During the year the average number of employees was 4 (2023: 6).