IRIS Accounts Production v25.1.4.42 13526282 director 1.8.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh135262822024-07-31135262822024-12-31135262822024-08-012024-12-31135262822023-07-31135262822023-08-012024-07-31135262822024-07-3113526282ns15:EnglandWales2024-08-012024-12-3113526282ns14:PoundSterling2024-08-012024-12-3113526282ns10:Director12024-08-012024-12-3113526282ns10:PrivateLimitedCompanyLtd2024-08-012024-12-3113526282ns10:SmallEntities2024-08-012024-12-3113526282ns10:AuditExempt-NoAccountantsReport2024-08-012024-12-3113526282ns10:SmallCompaniesRegimeForDirectorsReport2024-08-012024-12-3113526282ns10:SmallCompaniesRegimeForAccounts2024-08-012024-12-3113526282ns10:FullAccounts2024-08-012024-12-3113526282ns10:RegisteredOffice2024-08-012024-12-3113526282ns5:CurrentFinancialInstruments2024-12-3113526282ns5:CurrentFinancialInstruments2024-07-3113526282ns5:ShareCapital2024-12-3113526282ns5:ShareCapital2024-07-3113526282ns5:SharePremium2024-12-3113526282ns5:SharePremium2024-07-3113526282ns5:RetainedEarningsAccumulatedLosses2024-12-3113526282ns5:RetainedEarningsAccumulatedLosses2024-07-3113526282ns5:FurnitureFittings2024-07-3113526282ns5:FurnitureFittings2024-08-012024-12-3113526282ns5:FurnitureFittings2024-12-3113526282ns5:FurnitureFittings2024-07-3113526282ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3113526282ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-31
REGISTERED NUMBER: 13526282 (England and Wales)















Financial Statements for the Period 1 August 2024 to 31 December 2024

for

Telltale Industries Ltd

Telltale Industries Ltd (Registered number: 13526282)






Contents of the Financial Statements
for the Period 1 August 2024 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Telltale Industries Ltd

Company Information
for the Period 1 August 2024 to 31 December 2024







DIRECTOR: J T B Lee





REGISTERED OFFICE: 90 Vicars Moor Lane
London
N21 1BN





REGISTERED NUMBER: 13526282 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Telltale Industries Ltd (Registered number: 13526282)

Balance Sheet
31 December 2024

31.12.24 31.7.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,522 7,680

CURRENT ASSETS
Stocks 5 574 -
Debtors 6 70,871 59,029
Cash at bank 1,346 26,857
72,791 85,886
CREDITORS
Amounts falling due within one year 7 335,968 456,288
NET CURRENT LIABILITIES (263,177 ) (370,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(255,655

)

(362,722

)

CAPITAL AND RESERVES
Called up share capital 129 129
Share premium 199,975 199,975
Retained earnings (455,759 ) (562,826 )
SHAREHOLDERS' FUNDS (255,655 ) (362,722 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

Telltale Industries Ltd (Registered number: 13526282)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2025 and were signed by:





J T B Lee - Director


Telltale Industries Ltd (Registered number: 13526282)

Notes to the Financial Statements
for the Period 1 August 2024 to 31 December 2024

1. STATUTORY INFORMATION

Telltale Industries Ltd 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.

Turnover
Turnover comprises of revenue recognised by the company in respect of services provided during the year exclusive of value added tax. Revenue is recognised in the month in which the service is provided.
Where projects span a longer period, turnover is determined by the stage of completion of the project. Where losses in respect of long-term projects are expected and can be reliably measured, they are provided for within the profit and loss account.

Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Fixtures, fittings and equipment 25% Straight line

Work in progress
Work in progress comprises production and development costs incurred and is valued at cost, including direct costs and attributable overheads. No element of profit is included in the valuation. Provisions are made for any foreseeable losses as appropriate.

At each reporting date, work in progress is assessed for impairment. Where the carrying amount exceeds the estimated selling price less costs to complete and sell, the excess is recognised as an impairment loss in the profit and loss account. Reversals of previously recognised impairment losses are also recognised in the profit and loss account when the reasons for the impairment no longer apply.

Upon delivery of a project, all amounts held in work in progress are transferred to the profit and loss account.


Telltale Industries Ltd (Registered number: 13526282)

Notes to the Financial Statements - continued
for the Period 1 August 2024 to 31 December 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

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.

Interest income
Interest income is recognised when it probable that the economic benefits will flow to the Group and the amount of income can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

Telltale Industries Ltd (Registered number: 13526282)

Notes to the Financial Statements - continued
for the Period 1 August 2024 to 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipmen
£   
COST
At 1 August 2024 11,463
Additions 1,112
At 31 December 2024 12,575
DEPRECIATION
At 1 August 2024 3,783
Charge for period 1,270
At 31 December 2024 5,053
NET BOOK VALUE
At 31 December 2024 7,522
At 31 July 2024 7,680

5. STOCKS
31.12.24 31.7.24
£    £   
Work-in-progress 574 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.7.24
£    £   
Trade debtors 67,557 58,685
Other debtors 876 153
Prepayments and accrued income 2,438 191
70,871 59,029

Telltale Industries Ltd (Registered number: 13526282)

Notes to the Financial Statements - continued
for the Period 1 August 2024 to 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.7.24
£    £   
Trade creditors 26,843 11,299
Tax - 826
Social security and other taxes 5,951 4,176
VAT 24,252 7,917
Other creditors 20,560 27,680
Other loans 140,599 120,649
Directors' current accounts 27,872 26,885
Accruals and deferred income 89,891 256,856
335,968 456,288