1 December 2023 v2025.54.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP070885902023-12-012024-11-30070885902024-11-30070885902023-11-3007088590core:WithinOneYear2024-11-3007088590core:WithinOneYear2023-11-3007088590core:AfterOneYear2024-11-3007088590core:AfterOneYear2023-11-3007088590core:ShareCapital2024-11-3007088590core:ShareCapital2023-11-3007088590core:RetainedEarningsAccumulatedLosses2024-11-3007088590core:RetainedEarningsAccumulatedLosses2023-11-3007088590bus:Director12023-12-012024-11-3007088590bus:RegisteredOffice2023-12-012024-11-3007088590core:PlantMachinery2023-12-012024-11-3007088590core:OfficeEquipment2023-12-012024-11-3007088590core:MotorVehicles2023-12-012024-11-30070885902022-12-012023-11-3007088590core:PlantMachinery2023-12-0107088590core:PlantMachinery2024-11-3007088590core:PlantMachinery2023-11-300708859012023-12-012024-11-3007088590countries:EnglandWales2023-12-012024-11-3007088590bus:AuditExemptWithAccountantsReport2023-12-012024-11-3007088590bus:PrivateLimitedCompanyLtd2023-12-012024-11-3007088590bus:SmallEntities2023-12-012024-11-3007088590bus:FullAccounts2023-12-012024-11-30
Company registration number:
07088590
Testa Limited
Unaudited Filleted Financial Statements for the year ended
30 November 2024
Testa Limited
Statement of Financial Position
30 November 2024
20242023
Note££
Fixed assets    
Tangible assets 5
13,475
 
17,434
 
Current assets    
Debtors 6
9,477
 
10,306
 
Cash at bank and in hand
3,164
 
8,737
 
12,641
 
19,043
 
Creditors: amounts falling due within one year 7
(18,768
)
(18,803
)
Net current (liabilities)/assets
(6,127
)
240
 
Total assets less current liabilities 7,348   17,674  
Creditors: amounts falling due after more than one year 8
(8,617
)
(10,544
)
Provisions for liabilities
(2,560
)
(7,986
)
Net liabilities
(3,829
)
(856
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(3,929
)
(956
)
Shareholders deficit
(3,829
)
(856
)
For the year ending
30 November 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
19 August 2025
, and are signed on behalf of the board by:
Mr N M Love
Director
Company registration number:
07088590
Testa Limited
Notes to the Financial Statements
Year ended
30 November 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 21, Grimsby Business Centre
,
King Edward Street
,
Grimsby
,
North East Lincolnshire
,
DN31 3JH
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% straight line
Office equipment
33% straight line
Motor vehicles
25% straight line

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 December 2023
52,102
 
Additions
4,898
 
Disposals
(6,141
)
At
30 November 2024
50,859
 
Depreciation  
At
1 December 2023
34,668
 
Charge
8,837
 
Disposals
(6,121
)
At
30 November 2024
37,384
 
Carrying amount  
At
30 November 2024
13,475
 
At 30 November 2023
17,434
 

6 Debtors

20242023
££
Trade debtors
8,316
 
9,039
 
Other debtors
1,161
 
1,267
 
9,477
 
10,306
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
641
 
478
 
Taxation and social security
2,649
 
3,336
 
Other creditors
15,478
 
14,989
 
18,768
 
18,803
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
8,328
 
9,132
 
Other creditors
289
 
1,412
 
8,617
 
10,544