IRIS Accounts Production v25.1.3.33 11114224 director 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111142242023-12-31111142242024-12-31111142242024-01-012024-12-31111142242022-12-31111142242023-01-012023-12-31111142242023-12-3111114224ns15:EnglandWales2024-01-012024-12-3111114224ns14:PoundSterling2024-01-012024-12-3111114224ns10:Director12024-01-012024-12-3111114224ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3111114224ns10:SmallEntities2024-01-012024-12-3111114224ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3111114224ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3111114224ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3111114224ns10:FullAccounts2024-01-012024-12-3111114224ns10:OrdinaryShareClass12024-01-012024-12-3111114224ns10:RegisteredOffice2024-01-012024-12-3111114224ns5:CurrentFinancialInstruments2024-12-3111114224ns5:CurrentFinancialInstruments2023-12-3111114224ns5:ShareCapital2024-12-3111114224ns5:ShareCapital2023-12-3111114224ns5:RetainedEarningsAccumulatedLosses2024-12-3111114224ns5:RetainedEarningsAccumulatedLosses2023-12-3111114224ns5:FurnitureFittings2024-01-012024-12-3111114224ns5:ComputerEquipment2024-01-012024-12-3111114224ns5:FurnitureFittings2023-12-3111114224ns5:MotorVehicles2023-12-3111114224ns5:ComputerEquipment2023-12-3111114224ns5:MotorVehicles2024-01-012024-12-3111114224ns5:FurnitureFittings2024-12-3111114224ns5:MotorVehicles2024-12-3111114224ns5:ComputerEquipment2024-12-3111114224ns5:FurnitureFittings2023-12-3111114224ns5:MotorVehicles2023-12-3111114224ns5:ComputerEquipment2023-12-3111114224ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3111114224ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3111114224ns5:DeferredTaxation2023-12-3111114224ns5:DeferredTaxation2024-12-3111114224ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 11114224 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

TEO UK PACKAGING LIMITED

TEO UK PACKAGING LIMITED (REGISTERED NUMBER: 11114224)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TEO UK PACKAGING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: D Arbuckle



REGISTERED OFFICE: 128 City Road
London
EC1V 2NX



REGISTERED NUMBER: 11114224 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Card One Banking
3rd Floor Vinters Place
68 Upper Thames Street
London
EC4V 3BJ

TEO UK PACKAGING LIMITED (REGISTERED NUMBER: 11114224)

BALANCE SHEET
31ST DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,181 1,190

CURRENT ASSETS
Stocks 5 57,723 124,618
Debtors 6 235,672 323,743
Cash at bank and in hand 53,600 45,608
346,995 493,969
CREDITORS
Amounts falling due within one year 7 525,129 624,993
NET CURRENT LIABILITIES (178,134 ) (131,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(169,953

)

(129,834

)

CAPITAL AND RESERVES
Called up share capital 9 35,000 35,000
Retained earnings (204,953 ) (164,834 )
SHAREHOLDERS' FUNDS (169,953 ) (129,834 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 14th March 2025 and were signed by:





D Arbuckle - Director


TEO UK PACKAGING LIMITED (REGISTERED NUMBER: 11114224)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

TEO UK Packaging Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

TEO UK PACKAGING LIMITED (REGISTERED NUMBER: 11114224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2024 1,200 - 2,864 4,064
Additions - 8,695 - 8,695
Disposals (1,200 ) - - (1,200 )
At 31st December 2024 - 8,695 2,864 11,559
DEPRECIATION
At 1st January 2024 600 - 2,274 2,874
Charge for year 275 761 343 1,379
Eliminated on disposal (875 ) - - (875 )
At 31st December 2024 - 761 2,617 3,378
NET BOOK VALUE
At 31st December 2024 - 7,934 247 8,181
At 31st December 2023 600 - 590 1,190

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 57,723 124,618

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 146,328 274,972
Amounts owed by group undertakings 25,800 -
Other debtors - 11,757
Deferred tax asset 44,273 36,464
Prepayments 19,271 550
235,672 323,743

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 2,340 37,309
Amounts owed to group undertakings 448,662 520,483
Social security and other taxes 12,832 4,797
VAT 50,302 46,901
Other creditors 195 -
Accrued expenses 10,798 15,503
525,129 624,993

TEO UK PACKAGING LIMITED (REGISTERED NUMBER: 11114224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

8. DEFERRED TAX
£   
Balance at 1st January 2024 (36,464 )
Movement in the year due to:
changes in tax allowances 1,328
changes in tax rates
changes in tax losses (9,137 )
Balance at 31st December 2024 (44,273 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
35,000 Ordinary £1 35,000 35,000

10. CAPITAL COMMITMENTS
31.12.24 31.12.23
£    £   
Contracted but not provided for in the
financial statements - -

The company had no capital commitments at the period end.

11. RELATED PARTY DISCLOSURES

At the year end the company had a balance due from Muzel Ltd of £25,800 (2023:£ NIL)

At the year end the company owed Muzel Ltd £445,366 (2023.£520,486) and Technologia JSC £3,296 (2023 £NIL).

Management charges were received from Muzel during the year of £42,500 (2023 £NIL)

Muzel Ltd is a member of the Technologia group.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Technologia Jsc.