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REGISTERED NUMBER: 01599946 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

TELCOAT LIMITED

TELCOAT LIMITED (REGISTERED NUMBER: 01599946)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


TELCOAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: J Wright





SECRETARY: Mrs J Wright





REGISTERED OFFICE: Unit C4 - D4
Halesfield 23
Telford
Shropshire
TF7 4NY





REGISTERED NUMBER: 01599946 (England and Wales)





ACCOUNTANTS: Grindrod & Company Limited
Salisbury House
11 Queen Street
Wellington
Telford
Shropshire
TF1 1EH

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TELCOAT LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Telcoat Limited for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Telcoat Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Telcoat Limited and state those matters that we have agreed to state to the director of Telcoat Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Telcoat Limited and its director for our work or for this report.

It is your duty to ensure that Telcoat Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Telcoat Limited. You consider that Telcoat Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Telcoat Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Grindrod & Company Limited
Salisbury House
11 Queen Street
Wellington
Telford
Shropshire
TF1 1EH


30 May 2025

TELCOAT LIMITED (REGISTERED NUMBER: 01599946)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 8,308 12,461
Tangible assets 5 465,908 462,883
474,216 475,344

CURRENT ASSETS
Debtors 6 150,514 121,500
Cash at bank 273,252 312,735
423,766 434,235
CREDITORS
Amounts falling due within one year 7 176,258 194,136
NET CURRENT ASSETS 247,508 240,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,724

715,443

PROVISIONS FOR LIABILITIES 8,528 8,102
NET ASSETS 713,196 707,341

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 713,096 707,241
SHAREHOLDERS' FUNDS 713,196 707,341

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.

TELCOAT LIMITED (REGISTERED NUMBER: 01599946)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:





J Wright - Director


TELCOAT LIMITED (REGISTERED NUMBER: 01599946)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Telcoat 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.

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 12.5% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

TELCOAT LIMITED (REGISTERED NUMBER: 01599946)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 41,539
AMORTISATION
At 1 September 2023 29,078
Charge for year 4,153
At 31 August 2024 33,231
NET BOOK VALUE
At 31 August 2024 8,308
At 31 August 2023 12,461

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 607,899 485,787 1,093,686
Additions 24,200 - 24,200
At 31 August 2024 632,099 485,787 1,117,886
DEPRECIATION
At 1 September 2023 187,681 443,122 630,803
Charge for year 12,642 8,533 21,175
At 31 August 2024 200,323 451,655 651,978
NET BOOK VALUE
At 31 August 2024 431,776 34,132 465,908
At 31 August 2023 420,218 42,665 462,883

The director has reviewed the carrying value of the freehold properties as at 31 August 2024 and he believes that in the current market place, they represents fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,200 37,200
Other debtors 113,314 84,300
150,514 121,500

TELCOAT LIMITED (REGISTERED NUMBER: 01599946)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,197 36,563
Taxation and social security 32,593 38,180
Other creditors 119,468 119,393
176,258 194,136

During the year, the sole beneficiary of the defined contribution company pension scheme, Mr James Wright, who is also the sole shareholder and director of the company, instructed the company pension scheme to draw down the full value of the fund and then close the fund. The taxable element of the fund has been repaid to Telcoat Limited as the employer and is held by them awaiting instruction from Mr James Wright as to when he wishes any part of it to be paid to him.

The full amount of the taxable pension draw down is £118,318 and is currently held in the main limited company instant access deposit account. Since the sole beneficiary of the pension fund is the same person as the sole director and shareholder of the company, no independent investment advice regarding the pension fund has been taken.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
J Wright
Balance outstanding at start of year 48,736 (11,228 )
Amounts advanced 43,704 59,964
Amounts repaid (26,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,940 48,736

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £26,500 were paid to the director .

The sole director and shareholder, Mr J Wright, is also the sole director and shareholder of Mistral Energy Products Limited and Telford Sheet Metal Limited. Both of these companies trade from adjacent commercial buildings owned by Telcoat Limited.

During the year Telcoat Limited made material, overhead, property and fixed asset recharges to these connected companies in order to recharge the respective element of those costs which related to each companies communal occupancy. These transactions have been undertaken on normal commercial terms.

10. ULTIMATE CONTROLLING PARTY

The controlling party is J Wright.

The ultimate controlling party is J Wright.