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REGISTERED NUMBER: 00441609 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Tell Products,Limited

Tell Products,Limited (Registered number: 00441609)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Tell Products,Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: G S Photay
A S Photay





REGISTERED OFFICE: Welbeck Works
93 Cobbold Road
London
NW10 9SU





REGISTERED NUMBER: 00441609 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

Tell Products,Limited (Registered number: 00441609)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 496,112 506,503
496,112 506,503

CURRENT ASSETS
Stocks 55,553 49,514
Debtors 6 43,758 66,720
Cash at bank and in hand 20,444 927
119,755 117,161
CREDITORS
Amounts falling due within one year 7 45,115 48,040
NET CURRENT ASSETS 74,640 69,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,752

575,624

PROVISIONS FOR LIABILITIES 8 96,409 96,887
NET ASSETS 474,343 478,737

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Revaluation reserve 589,028 589,028
Capital redemption reserve 5,347 5,347
Retained earnings (124,032 ) (119,638 )
474,343 478,737

Tell Products,Limited (Registered number: 00441609)

Statement of Financial Position - continued
31 August 2024


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 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.

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 28 February 2025 and were signed on its behalf by:





G S Photay - Director


Tell Products,Limited (Registered number: 00441609)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Tell Products,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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
Freehold property - Straight line over 50 years
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Tell Products,Limited (Registered number: 00441609)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 2,755
AMORTISATION
At 1 September 2023
and 31 August 2024 2,755
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 525,000 33,476 3,647 29,992 592,115
DEPRECIATION
At 1 September 2023 31,500 26,282 3,177 24,653 85,612
Charge for year 7,875 1,135 47 1,334 10,391
At 31 August 2024 39,375 27,417 3,224 25,987 96,003
NET BOOK VALUE
At 31 August 2024 485,625 6,059 423 4,005 496,112
At 31 August 2023 493,500 7,194 470 5,339 506,503

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2019 395,265 - - - 395,265
Valuation in 2020 129,735 - - - 129,735
Cost - 33,476 3,647 29,992 67,115
525,000 33,476 3,647 29,992 592,115

Tell Products,Limited (Registered number: 00441609)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS - continued

If the freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 129,735 129,735
Aggregate depreciation 86,878 84,283

The fair value of the property at 31 August 2024 has been arrived at on the basis of a valuation carried out at the date by Mr G S Photay, a director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location and takes into account the rental in the area where the property is situated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,430 65,742
Other debtors 7,328 978
43,758 66,720

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 8,061
Trade creditors 24,797 17,377
Amounts owed to participating interests 10,000 -
Taxation and social security 980 10,809
Other creditors 9,338 11,793
45,115 48,040

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,993 2,471
Other timing differences 94,416 94,416
96,409 96,887

Tell Products,Limited (Registered number: 00441609)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 96,887
Provided during year (478 )
Balance at 31 August 2024 96,409