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REGISTERED NUMBER: 05910429















TELENOVA LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






TELENOVA LIMITED (REGISTERED NUMBER: 05910429)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


TELENOVA LIMITED (REGISTERED NUMBER: 05910429)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,844 -
Tangible assets 5 64,527 90,577
77,371 90,577

CURRENT ASSETS
Stocks 205,901 77,131
Debtors 6 458,388 708,619
Cash at bank 59,753 337,347
724,042 1,123,097
CREDITORS
Amounts falling due within one year 7 412,057 608,941
NET CURRENT ASSETS 311,985 514,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,356

604,733

CREDITORS
Amounts falling due after more than
one year

8

(233,893

)

(281,690

)

PROVISIONS FOR LIABILITIES (11,013 ) (17,210 )
NET ASSETS 144,450 305,833

TELENOVA LIMITED (REGISTERED NUMBER: 05910429)

BALANCE SHEET - continued
30 JUNE 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 352 352
Share premium 89,312 89,312
Capital redemption reserve 396 396
Retained earnings 54,390 215,773
144,450 305,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





M Reynolds - Director


TELENOVA LIMITED (REGISTERED NUMBER: 05910429)

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

1. STATUTORY INFORMATION

Telenova Limited is a private company limited by shares. The company is registered in England under number 05910429 and the address of the registered office is Unit 6 Foster Business Park, 79 Boleness Road, Wisbech, Cambridgeshire, PE13 2XQ.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful lives of 5 and 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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 etc - 25% on reducing balance, 20% on reducing balance and 3 years straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


TELENOVA LIMITED (REGISTERED NUMBER: 05910429)

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

2. ACCOUNTING POLICIES - continued
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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 15,916
At 30 June 2024 15,916
AMORTISATION
Charge for year 3,072
At 30 June 2024 3,072
NET BOOK VALUE
At 30 June 2024 12,844

TELENOVA LIMITED (REGISTERED NUMBER: 05910429)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 246,959
Additions 3,032
Disposals (100 )
At 30 June 2024 249,891
DEPRECIATION
At 1 July 2023 156,382
Charge for year 28,982
At 30 June 2024 185,364
NET BOOK VALUE
At 30 June 2024 64,527
At 30 June 2023 90,577

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 59,830
DEPRECIATION
At 1 July 2023
and 30 June 2024 14,958
NET BOOK VALUE
At 30 June 2024 44,872
At 30 June 2023 44,872

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 250,870 559,395
Other debtors 207,518 149,224
458,388 708,619

TELENOVA LIMITED (REGISTERED NUMBER: 05910429)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 47,599 55,417
Hire purchase contracts 12,048 12,048
Trade creditors 173,728 233,723
Amounts owed to group undertakings 174 174
Taxation and social security 86,957 266,686
Other creditors 91,551 40,893
412,057 608,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 218,834 254,583
Hire purchase contracts 15,059 27,107
233,893 281,690

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Commercial Loan 238,934 272,500

The loan is secured by way of Directors' personal guarantees.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made available to the directors unsecured loans by way of advances and credits. The total of advances and credits made during the year was £163,927. The total of repayments made during the year was £128,500. Interest was charged at the official rate and there were no fixed terms of repayment. The loans will be repaid within 9 months of the year end.

The directors of the company are also shareholders of the company and are aware of the requirements of Section 197 of the Companies Act 2006 regarding approval by the members of loans to directors.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Telenova Group Limited whose registered office is Barclays Bank Chambers, Stratford Upon Avon, Warwickshire, CV37 6AH.