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REGISTERED NUMBER: 06294034 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Teilo Components Ltd

Teilo Components Ltd (Registered number: 06294034)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Teilo Components Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A Emanuel
Mrs T Jones Emanuel





REGISTERED OFFICE: Unit 18, Capel Hendre Industrial Estate
Capel Hendre
Ammanford
Carmarthenshire
SA18 3SJ





REGISTERED NUMBER: 06294034 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

Teilo Components Ltd (Registered number: 06294034)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,818 52,272

CURRENT ASSETS
Stocks 48,372 58,850
Debtors 5 129,815 124,082
Cash at bank and in hand 21,728 35,123
199,915 218,055
CREDITORS
Amounts falling due within one year 6 218,727 190,876
NET CURRENT (LIABILITIES)/ASSETS (18,812 ) 27,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,006

79,451

CREDITORS
Amounts falling due after more than
one year

7

(38,082

)

(70,248

)

PROVISIONS FOR LIABILITIES 9 (3,660 ) (5,270 )
NET (LIABILITIES)/ASSETS (18,736 ) 3,933

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (18,738 ) 3,931
SHAREHOLDERS' FUNDS (18,736 ) 3,933

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.

Teilo Components Ltd (Registered number: 06294034)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





A Emanuel - Director


Teilo Components Ltd (Registered number: 06294034)

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

1. STATUTORY INFORMATION

Teilo Components 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress represents the amount of work completed, but not yet invoiced, at the year end.

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.

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.

Teilo Components Ltd (Registered number: 06294034)

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

2. ACCOUNTING POLICIES - continued

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.

Going concern
Based on the results shown in these financial statements together with their knowledge of the business and post year end trading, the directors are confident that the going concern principle may be applied.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 133,187 2,885 60,040 196,112
DEPRECIATION
At 1 July 2023 103,506 2,690 37,644 143,840
Charge for year 5,936 39 4,479 10,454
At 30 June 2024 109,442 2,729 42,123 154,294
NET BOOK VALUE
At 30 June 2024 23,745 156 17,917 41,818
At 30 June 2023 29,681 195 22,396 52,272

The net book value of tangible fixed assets held under hire purchase at 30 June 2024 was £10,388 (2023 : £12,984). The depreciation provided on these assets in the year was £2,596 (2023 : £2,015).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 129,815 118,274
Other debtors - 1,000
VAT - 4,808
129,815 124,082

Teilo Components Ltd (Registered number: 06294034)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 93,863 84,432
Hire purchase contracts 3,781 3,781
Trade creditors 44,827 37,686
Taxation and social security 16,720 (456 )
Other creditors 59,536 65,433
218,727 190,876

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 5,615 9,059
Other creditors 32,467 61,189
38,082 70,248

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank overdrafts 93,863 84,432
Hire purchase contracts 9,396 12,840
Other creditors 39,583 64,583
142,842 161,855

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 3,660 5,270

Deferred
tax
£   
Balance at 1 July 2023 5,270
Credit to Income Statement during year (1,610 )
Balance at 30 June 2024 3,660

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £39,000 (2023 - £53,000) were paid to the directors .

Teilo Components Ltd (Registered number: 06294034)

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

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, A Emanuel and Mrs T Jones Emanuel.