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REGISTERED NUMBER: SC741817 (Scotland)


















Telesto Technologies Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2024






Telesto Technologies Ltd (Registered number: SC741817)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Telesto Technologies Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr M D’Amara





REGISTERED OFFICE: 63 Dunnock Road
Dunfermline
United Kingdom
Fife
KY11 8QE





REGISTERED NUMBER: SC741817 (Scotland)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Telesto Technologies Ltd (Registered number: SC741817)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,854 1,014

CURRENT ASSETS
Debtors 5 459 1
Cash at bank 64 79
523 80
CREDITORS
Amounts falling due within one year 6 (3,559 ) (843 )
NET CURRENT LIABILITIES (3,036 ) (763 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,182

)

251

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (1,183 ) 250
SHAREHOLDERS' FUNDS (1,182 ) 251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2025 and were signed by:





Mr M D’Amara - Director


Telesto Technologies Ltd (Registered number: SC741817)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Telesto Technologies Ltd is a private company, limited by shares , registered in Scotland. 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.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023 1,513
Additions 2,000
At 31 August 2024 3,513
DEPRECIATION
At 1 September 2023 499
Charge for year 1,160
At 31 August 2024 1,659
NET BOOK VALUE
At 31 August 2024 1,854
At 31 August 2023 1,014

Telesto Technologies Ltd (Registered number: SC741817)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 459 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 458
Other creditors 3,559 385
3,559 843

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1