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Registered Number: 08638091
England and Wales

 

 

 

TESSELL8 LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 92,797    123,729 
Tangible fixed assets 4 79,238    114,909 
172,035    238,638 
Current assets      
Stocks 5 15,908    20,713 
Debtors 6 161,690    136,234 
Cash at bank and in hand 103,204    190,382 
280,802    347,329 
Creditors: amount falling due within one year 7 (151,674)   (176,661)
Net current assets 129,128    170,668 
 
Total assets less current liabilities 301,163    409,306 
Creditors: amount falling due after more than one year 8 (70,827)   (120,830)
Provisions for liabilities 9 (5,317)   (7,921)
Net assets 225,019    280,555 
 

Capital and reserves
     
Called up share capital 10 83    83 
Profit and loss account 224,936    280,472 
Shareholders' funds 225,019    280,555 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 20 May 2025 and were signed on its behalf by:


-------------------------------
Joe McCobb
Director
1
General Information
Tessell8 Limited is a private company, limited by shares, registered in England and Wales, registration number 08638091, registration address Emunah House, Turnpike Road, Oxford, OX2 9JQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 5 years.
Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Straight Line
Fixtures and Fittings 33% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 4).
3.

Intangible fixed assets

Cost Software development costs   Trade Mark   Total
  £   £   £
At 01 September 2023 154,661    2,947    157,608 
Additions    
Disposals    
At 31 August 2024 154,661    2,947    157,608 
Amortisation
At 01 September 2023 30,932    2,947    33,879 
Charge for year 30,932      30,932 
On disposals    
At 31 August 2024 61,864    2,947    64,811 
Net book values
At 31 August 2024 92,797      92,797 
At 31 August 2023 123,729      123,729 


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 September 2023 146,881    41,623    188,504 
Additions   3,949    3,949 
Disposals    
At 31 August 2024 146,881    45,572    192,453 
Depreciation
At 01 September 2023 36,720    36,876    73,596 
Charge for year 36,721    2,898    39,619 
On disposals    
At 31 August 2024 73,441    39,774    113,215 
Net book values
Closing balance as at 31 August 2024 73,440    5,798    79,238 
Opening balance as at 01 September 2023 110,161    4,748    114,909 


5.

Stocks

2024
£
  2023
£
Stocks 15,908    20,713 
15,908    20,713 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 102,265    96,797 
Prepayments & Accrued Income 6,990    8,219 
Other Debtors 52,113    30,191 
Directors' Current Accounts 322    1,027 
161,690    136,234 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 102,270    117,924 
Corporation Tax 36,170    22,409 
PAYE & Social Security 1,970    2,364 
Accrued Expenses 5,000    22,711 
Other Creditors 3,150    3,134 
VAT 3,114    8,119 
151,674    176,661 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (1-2 years) 50,000    50,000 
Bank Loans & Overdrafts (2-5 years) 20,827    70,830 
70,827    120,830 

9.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 5,317    7,921 
5,317    7,921 

10.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
2 Class A shares of £1.00 each  
8,103 Class 2 1p Shares shares of £0.01 each 81    81 
83    83 

2