IRIS Accounts Production v24.3.2.46 00901192 director 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh009011922023-09-30009011922024-09-30009011922023-10-012024-09-30009011922022-09-30009011922022-10-012023-09-30009011922023-09-3000901192ns15:EnglandWales2023-10-012024-09-3000901192ns14:PoundSterling2023-10-012024-09-3000901192ns10:Director12023-10-012024-09-3000901192ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000901192ns10:SmallEntities2023-10-012024-09-3000901192ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3000901192ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3000901192ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000901192ns10:FullAccounts2023-10-012024-09-300090119212023-10-012024-09-3000901192ns10:RegisteredOffice2023-10-012024-09-3000901192ns5:CurrentFinancialInstruments2024-09-3000901192ns5:CurrentFinancialInstruments2023-09-3000901192ns5:Non-currentFinancialInstruments2024-09-3000901192ns5:Non-currentFinancialInstruments2023-09-3000901192ns5:ShareCapital2024-09-3000901192ns5:ShareCapital2023-09-3000901192ns5:RetainedEarningsAccumulatedLosses2024-09-3000901192ns5:RetainedEarningsAccumulatedLosses2023-09-3000901192ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3000901192ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-012024-09-3000901192ns5:PlantMachinery2023-10-012024-09-3000901192ns5:MotorVehicles2023-10-012024-09-3000901192ns5:ComputerEquipment2023-10-012024-09-3000901192ns5:NetGoodwill2023-09-3000901192ns5:NetGoodwill2023-10-012024-09-3000901192ns5:NetGoodwill2024-09-3000901192ns5:NetGoodwill2023-09-3000901192ns5:LandBuildings2023-09-3000901192ns5:PlantMachinery2023-09-3000901192ns5:LandBuildings2023-10-012024-09-3000901192ns5:LandBuildings2024-09-3000901192ns5:PlantMachinery2024-09-3000901192ns5:LandBuildings2023-09-3000901192ns5:PlantMachinery2023-09-3000901192ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000901192ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 00901192 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Tealwood Company Ltd

Tealwood Company Ltd (Registered number: 00901192)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tealwood Company Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: A J Teal





REGISTERED OFFICE: 2 The Meadows
Waterberry Drive
Waterlooville
Hampshire
PO7 7XX





REGISTERED NUMBER: 00901192 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Tealwood Company Ltd (Registered number: 00901192)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,864 23,819
Tangible assets 5 561,874 555,465
579,738 579,284

CURRENT ASSETS
Stocks 45,083 44,197
Debtors 6 263,488 187,126
Cash at bank and in hand 319,406 247,196
627,977 478,519
CREDITORS
Amounts falling due within one year 7 214,288 161,013
NET CURRENT ASSETS 413,689 317,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

993,427

896,790

CREDITORS
Amounts falling due after more than
one year

8

(12,387

)

(22,387

)

PROVISIONS FOR LIABILITIES (33,437 ) (29,071 )
NET ASSETS 947,603 845,332

Tealwood Company Ltd (Registered number: 00901192)

Balance Sheet - continued
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 67 67
Retained earnings 947,536 845,265
SHAREHOLDERS' FUNDS 947,603 845,332

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 February 2025 and were signed by:





A J Teal - Director


Tealwood Company Ltd (Registered number: 00901192)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Tealwood Company 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the property
Plant & machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Tealwood Company Ltd (Registered number: 00901192)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 70,774
AMORTISATION
At 1 October 2023 46,955
Charge for year 5,955
At 30 September 2024 52,910
NET BOOK VALUE
At 30 September 2024 17,864
At 30 September 2023 23,819

Tealwood Company Ltd (Registered number: 00901192)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 532,918 467,491 1,000,409
Additions - 34,908 34,908
At 30 September 2024 532,918 502,399 1,035,317
DEPRECIATION
At 1 October 2023 95,926 349,018 444,944
Charge for year 10,659 17,840 28,499
At 30 September 2024 106,585 366,858 473,443
NET BOOK VALUE
At 30 September 2024 426,333 135,541 561,874
At 30 September 2023 436,992 118,473 555,465

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 226,069 157,898
Other debtors 37,419 29,228
263,488 187,126

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 86,200 51,212
Taxation and social security 90,240 72,880
Other creditors 27,848 26,921
214,288 161,013

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 12,387 22,387

Tealwood Company Ltd (Registered number: 00901192)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is A J Teal.