Caseware UK (AP4) 2024.0.164 2024.0.164 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-09-29falseNo description of principal activity00falsetrue 15175820 2023-09-28 15175820 2023-09-29 2024-09-30 15175820 2022-10-01 2023-09-28 15175820 2024-09-30 15175820 c:Director1 2023-09-29 2024-09-30 15175820 d:CurrentFinancialInstruments 2024-09-30 15175820 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 15175820 d:RetainedEarningsAccumulatedLosses 2024-09-30 15175820 c:FRS102 2023-09-29 2024-09-30 15175820 c:AuditExempt-NoAccountantsReport 2023-09-29 2024-09-30 15175820 c:FullAccounts 2023-09-29 2024-09-30 15175820 c:PrivateLimitedCompanyLtd 2023-09-29 2024-09-30 15175820 e:PoundSterling 2023-09-29 2024-09-30 iso4217:GBP xbrli:pure
Company registration number: 15175820











TEIDE SYSTEMS LIMITED
Unaudited
Financial statements
Information for filing with the registrar
For the Period Ended 30 September 2024

















Coveney Nicholls Limited
Chartered Accountants
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
TEIDE SYSTEMS LIMITED
Registered number:15175820

Statement of Financial Position
As at 30 September 2024

2024
Note
£

  

Current assets
  

Cash at bank and in hand
 3 
37,299

  
37,299

Creditors: amounts falling due within one year
  
(9,031)

Net current assets
  
 
 
28,268

Total assets less current liabilities
  
28,268

  

Net assets
  
28,268


Capital and reserves
  

Profit and loss account
  
28,268

  
28,268


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 June 2025.




Richard Philip Southward
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
TEIDE SYSTEMS LIMITED
 
 
Notes to the Financial Statements

For the Period Ended 30 September 2024

1.


General information

The company was incorporated on 29 September 2023. The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, 31-37 Church Street, Reigate RH2 0AD

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 2

 
TEIDE SYSTEMS LIMITED
 
 
Notes to the Financial Statements

For the Period Ended 30 September 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Cash and cash equivalents

2024
£

Cash at bank and in hand
37,299

37,299



4.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
6,631

Other creditors
1,200

Accruals and deferred income
1,200

9,031


Page 3