2024-01-012024-12-312024-12-31false10902041TESSELATE UK 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TESSELATE UK LTD

Registered Number
10902041
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

TESSELATE UK LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

DRAULANS, Peter Jan
VEISBLAT, Adam Casimir

Registered Address

8 Devonshire Square
London
EC2M 4PL

Registered Number

10902041 (England and Wales)
TESSELATE UK LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets336,02448,032
Tangible assets42,0131,554
38,03749,586
Current assets
Debtors865,814648,787
Cash at bank and on hand70,327272,255
936,141921,042
Creditors amounts falling due within one year5(613,537)(714,355)
Net current assets (liabilities)322,604206,687
Total assets less current liabilities360,641256,273
Provisions for liabilities6(200)(74)
Net assets360,441256,199
Capital and reserves
Called up share capital1,0001,000
Profit and loss account359,441255,199
Shareholders' funds360,441256,199
The financial statements were approved and authorised for issue by the Board of Directors on 6 June 2025, and are signed on its behalf by:
DRAULANS, Peter Jan
Director
Registered Company No. 10902041
TESSELATE UK LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Vehicles20
Office Equipment20
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified. The loan amount to Related parties in the year 2024 is £183,545.21
2.Average number of employees

20242023
Average number of employees during the year44
3.Intangible assets
All intangible assets, excluding goodwill, are amortized over their estimated useful lives, not exceeding five years unless a longer period can be justified. Amortization is calculated on a straight-line basis to allocate the cost of the assets over their expected useful lives. Impairment reviews are conducted annually to ensure that the carrying amounts do not exceed the recoverable amounts.

Other

Total

££
Cost or valuation
At 01 January 2460,04060,040
At 31 December 2460,04060,040
Amortisation and impairment
At 01 January 2412,00812,008
Charge for year12,00812,008
At 31 December 2424,01624,016
Net book value
At 31 December 2436,02436,024
At 31 December 2348,03248,032
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 245091,9422,451
Additions-963963
At 31 December 245092,9053,414
Depreciation and impairment
At 01 January 24509388897
Charge for year-504504
At 31 December 245098921,401
Net book value
At 31 December 24-2,0132,013
At 31 December 23-1,5541,554
Office equipment is depreciated using the 20% reducing balance method to allocate the cost over its useful life. Depreciation is charged annually, with impairment reviews conducted regularly to ensure the carrying amounts do not exceed the recoverable amounts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables448,856504,098
Taxation and social security44,084103,693
Other creditors106,564106,564
Accrued liabilities and deferred income14,033-
Total613,537714,355
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)20074
Total20074