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Company Registration No. SC702490 (Scotland)
TELIT LIMITED Unaudited accounts for the year ended 30 June 2024
TELIT LIMITED Unaudited accounts Contents
Page
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TELIT LIMITED Company Information for the year ended 30 June 2024
Directors
James Mclatchie Robert Smith
Company Number
SC702490 (Scotland)
Registered Office
UNIT 4 MOSSEDGE INDUSTRIAL ESTATE LINWOOD RENFREWSHIRE PA3 3HR
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TELIT LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,500 
5,250 
Current assets
Inventories
15,644 
16,933 
Debtors
1,138 
607 
Cash at bank and in hand
4,717 
5,576 
21,499 
23,116 
Creditors: amounts falling due within one year
(4,505)
(5,492)
Net current assets
16,994 
17,624 
Net assets
20,494 
22,874 
Capital and reserves
Profit and loss account
20,494 
22,874 
Shareholders' funds
20,494 
22,874 
For the year ending 30 June 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 19 March 2025 and were signed on its behalf by
Robert Smith Director Company Registration No. SC702490
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TELIT LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
TELIT LIMITED is a private company, limited by shares, registered in Scotland, registration number SC702490. The registered office is UNIT 4 MOSSEDGE INDUSTRIAL ESTATE, LINWOOD, RENFREWSHIRE, PA3 3HR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% straight line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
12,355 
At 30 June 2024
12,355 
Depreciation
At 1 July 2023
7,105 
Charge for the year
1,750 
At 30 June 2024
8,855 
Net book value
At 30 June 2024
3,500 
At 30 June 2023
5,250 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
582 
378 
Accrued income and prepayments
556 
229 
1,138 
607 
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TELIT LIMITED Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
(384)
Taxes and social security
- 
18 
Other creditors
3,600 
3,600 
Accruals
905 
2,258 
4,505 
5,492 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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