2023-11-012024-10-312024-10-31falseSC746327TEAL CREATIVES LIMITED2025-02-17falseiso4217:GBPxbrli:pureSC7463272023-11-01SC7463272024-10-31SC7463272023-11-012024-10-31SC7463272022-10-04SC7463272023-10-31SC7463272022-10-042023-10-31SC746327bus:SmallEntities2023-11-012024-10-31SC746327bus:AuditExempt-NoAccountantsReport2023-11-012024-10-31SC746327bus:FullAccounts2023-11-012024-10-31SC746327bus:PrivateLimitedCompanyLtd2023-11-012024-10-31SC746327core:WithinOneYear2024-10-31SC746327core:AfterOneYear2024-10-31SC746327core:WithinOneYear2023-10-31SC746327core:AfterOneYear2023-10-31SC746327core:ShareCapital2024-10-31SC746327core:SharePremium2024-10-31SC746327core:RevaluationReserve2024-10-31SC746327core:OtherReservesSubtotal2024-10-31SC746327core:RetainedEarningsAccumulatedLosses2024-10-31SC746327core:ShareCapital2023-10-31SC746327core:SharePremium2023-10-31SC746327core:RevaluationReserve2023-10-31SC746327core:OtherReservesSubtotal2023-10-31SC746327core:RetainedEarningsAccumulatedLosses2023-10-31SC746327core:LandBuildings2024-10-31SC746327core:PlantMachinery2024-10-31SC746327core:Vehicles2024-10-31SC746327core:FurnitureFittings2024-10-31SC746327core:OfficeEquipment2024-10-31SC746327core:NetGoodwill2024-10-31SC746327core:IntangibleAssetsOtherThanGoodwill2024-10-31SC746327core:ListedExchangeTraded2024-10-31SC746327core:UnlistedNon-exchangeTraded2024-10-31SC746327core:LandBuildings2023-10-31SC746327core:PlantMachinery2023-10-31SC746327core:Vehicles2023-10-31SC746327core:FurnitureFittings2023-10-31SC746327core:OfficeEquipment2023-10-31SC746327core:NetGoodwill2023-10-31SC746327core:IntangibleAssetsOtherThanGoodwill2023-10-31SC746327core:ListedExchangeTraded2023-10-31SC746327core:UnlistedNon-exchangeTraded2023-10-31SC746327core:LandBuildings2023-11-012024-10-31SC746327core:PlantMachinery2023-11-012024-10-31SC746327core:Vehicles2023-11-012024-10-31SC746327core:FurnitureFittings2023-11-012024-10-31SC746327core:OfficeEquipment2023-11-012024-10-31SC746327core:NetGoodwill2023-11-012024-10-31SC746327core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-31SC746327core:ListedExchangeTraded2023-11-012024-10-31SC746327core:UnlistedNon-exchangeTraded2023-11-012024-10-31SC746327core:MoreThanFiveYears2023-11-012024-10-31SC746327core:Non-currentFinancialInstruments2024-10-31SC746327core:Non-currentFinancialInstruments2023-10-31SC746327dpl:CostSales2023-11-012024-10-31SC746327dpl:DistributionCosts2023-11-012024-10-31SC746327core:LandBuildings2023-11-012024-10-31SC746327core:PlantMachinery2023-11-012024-10-31SC746327core:Vehicles2023-11-012024-10-31SC746327core:FurnitureFittings2023-11-012024-10-31SC746327core:OfficeEquipment2023-11-012024-10-31SC746327dpl:AdministrativeExpenses2023-11-012024-10-31SC746327core:NetGoodwill2023-11-012024-10-31SC746327core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-31SC746327dpl:GroupUndertakings2023-11-012024-10-31SC746327dpl:ParticipatingInterests2023-11-012024-10-31SC746327dpl:GroupUndertakingscore:ListedExchangeTraded2023-11-012024-10-31SC746327core:ListedExchangeTraded2023-11-012024-10-31SC746327dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-11-012024-10-31SC746327core:UnlistedNon-exchangeTraded2023-11-012024-10-31SC746327dpl:CostSales2022-10-042023-10-31SC746327dpl:DistributionCosts2022-10-042023-10-31SC746327core:LandBuildings2022-10-042023-10-31SC746327core:PlantMachinery2022-10-042023-10-31SC746327core:Vehicles2022-10-042023-10-31SC746327core:FurnitureFittings2022-10-042023-10-31SC746327core:OfficeEquipment2022-10-042023-10-31SC746327dpl:AdministrativeExpenses2022-10-042023-10-31SC746327core:NetGoodwill2022-10-042023-10-31SC746327core:IntangibleAssetsOtherThanGoodwill2022-10-042023-10-31SC746327dpl:GroupUndertakings2022-10-042023-10-31SC746327dpl:ParticipatingInterests2022-10-042023-10-31SC746327dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-042023-10-31SC746327core:ListedExchangeTraded2022-10-042023-10-31SC746327dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-042023-10-31SC746327core:UnlistedNon-exchangeTraded2022-10-042023-10-31SC746327core:NetGoodwill2024-10-31SC746327core:IntangibleAssetsOtherThanGoodwill2024-10-31SC746327core:LandBuildings2024-10-31SC746327core:PlantMachinery2024-10-31SC746327core:Vehicles2024-10-31SC746327core:FurnitureFittings2024-10-31SC746327core:OfficeEquipment2024-10-31SC746327core:AfterOneYear2024-10-31SC746327core:WithinOneYear2024-10-31SC746327core:ListedExchangeTraded2024-10-31SC746327core:UnlistedNon-exchangeTraded2024-10-31SC746327core:ShareCapital2024-10-31SC746327core:SharePremium2024-10-31SC746327core:RevaluationReserve2024-10-31SC746327core:OtherReservesSubtotal2024-10-31SC746327core:RetainedEarningsAccumulatedLosses2024-10-31SC746327core:NetGoodwill2023-10-31SC746327core:IntangibleAssetsOtherThanGoodwill2023-10-31SC746327core:LandBuildings2023-10-31SC746327core:PlantMachinery2023-10-31SC746327core:Vehicles2023-10-31SC746327core:FurnitureFittings2023-10-31SC746327core:OfficeEquipment2023-10-31SC746327core:AfterOneYear2023-10-31SC746327core:WithinOneYear2023-10-31SC746327core:ListedExchangeTraded2023-10-31SC746327core:UnlistedNon-exchangeTraded2023-10-31SC746327core:ShareCapital2023-10-31SC746327core:SharePremium2023-10-31SC746327core:RevaluationReserve2023-10-31SC746327core:OtherReservesSubtotal2023-10-31SC746327core:RetainedEarningsAccumulatedLosses2023-10-31SC746327core:NetGoodwill2022-10-04SC746327core:IntangibleAssetsOtherThanGoodwill2022-10-04SC746327core:LandBuildings2022-10-04SC746327core:PlantMachinery2022-10-04SC746327core:Vehicles2022-10-04SC746327core:FurnitureFittings2022-10-04SC746327core:OfficeEquipment2022-10-04SC746327core:AfterOneYear2022-10-04SC746327core:WithinOneYear2022-10-04SC746327core:ListedExchangeTraded2022-10-04SC746327core:UnlistedNon-exchangeTraded2022-10-04SC746327core:ShareCapital2022-10-04SC746327core:SharePremium2022-10-04SC746327core:RevaluationReserve2022-10-04SC746327core:OtherReservesSubtotal2022-10-04SC746327core:RetainedEarningsAccumulatedLosses2022-10-04SC746327core:AfterOneYear2023-11-012024-10-31SC746327core:WithinOneYear2023-11-012024-10-31SC746327core:Non-currentFinancialInstrumentscore:CostValuation2023-11-012024-10-31SC746327core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-012024-10-31SC746327core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-012024-10-31SC746327core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-012024-10-31SC746327core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-012024-10-31SC746327core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-012024-10-31SC746327core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-012024-10-31SC746327core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-012024-10-31SC746327core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-012024-10-31SC746327core:Non-currentFinancialInstrumentscore:CostValuation2024-10-31SC746327core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-10-31SC746327core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-10-31SC746327core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-10-31SC746327core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-10-31SC746327core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-10-31SC746327core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-10-31SC746327core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-10-31SC746327core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-10-31SC746327core:Non-currentFinancialInstrumentscore:CostValuation2023-10-31SC746327core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-31SC746327core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-31SC746327core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-31SC746327core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-31SC746327core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-31SC746327core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-31SC746327core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-31SC746327core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-31SC746327bus:Director12023-11-012024-10-31

TEAL CREATIVES LIMITED

Registered Number
SC746327
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2024

TEAL CREATIVES LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

BRASH, Alan

Registered Address

4d Auchingramont Road
Hamilton
ML3 6JT

Registered Number

SC746327 (Scotland)
TEAL CREATIVES LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets31,530-
Tangible assets42,7751,590
4,3051,590
Current assets
Debtors53,027-
Cash at bank and on hand61,8672,952
64,8942,952
Creditors amounts falling due within one year6(16,353)(5,393)
Net current assets (liabilities)48,541(2,441)
Total assets less current liabilities52,846(851)
Net assets52,846(851)
Capital and reserves
Called up share capital11
Profit and loss account52,845(852)
Shareholders' funds52,846(851)
The financial statements were approved and authorised for issue by the Director on 17 February 2025, and are signed on its behalf by:
BRASH, Alan
Director
Registered Company No. SC746327
TEAL CREATIVES LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment5
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year00
3.Intangible assets

Goodwill

Total

££
Cost or valuation
Additions1,5461,546
At 31 October 241,5461,546
Amortisation and impairment
Charge for year1616
At 31 October 241616
Net book value
At 31 October 241,5301,530
At 31 October 23--
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 November 231,7111,711
Additions1,5671,567
At 31 October 243,2783,278
Depreciation and impairment
At 01 November 23121121
Charge for year382382
At 31 October 24503503
Net book value
At 31 October 242,7752,775
At 31 October 231,5901,590
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables3,027-
Total3,027-
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables412-
Bank borrowings and overdrafts53462
Amounts owed to related parties1574,931
Taxation and social security15,731-
Total16,3535,393
7.Related party transactions
During the year, the company received an interest free loan from the director amount to £157 (2023: £4,932).