REGISTERED NUMBER: 11885536 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TELIC ADVISORY LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Chartered accountants' report

7

DIRECTOR:

Y Patel

REGISTERED OFFICE:

5th Floor, Congress House

14 Lyon Road

Harrow

Middlesex

HA1 2EN

REGISTERED NUMBER:

11885536 (England and Wales)

ACCOUNTANTS:

Z group

Suite LU.231

The Light Bulb

1 Filament Walk

Wandsworth

London

SW18 4GQ

FIXED ASSETS

Intangible assets

4

370,000

425,500

Tangible assets

5

15,418

17,842

385,418

443,342

CURRENT ASSETS

Stocks

45,127

98,550

Debtors

6

633,748

469,412

Cash at bank

329,603

258,113

1,008,478

826,075

CREDITORS

Amounts falling due within one year

7

277,154

365,515

NET CURRENT ASSETS

731,324

460,560

TOTAL ASSETS LESS CURRENT LIABILITIES

1,116,742

903,902

CREDITORS

Amounts falling due after more than one year

8

186,251

212,503

NET ASSETS

930,491

691,399

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

930,391

691,299

930,491

691,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 26 September 2025 and were signed by:

Y Patel - Director

1.	STATUTORY INFORMATION

Telic Advisory 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.

TURNOVER AND REVENUE RECOGNITION

Turnover represents net invoiced sales of services, excluding value added tax in respect of the provision of

services to clients, plus the value, recognised by reference to the stage of completion, of work undertaken in the period but not invoiced at the period end. Revenue not billed to clients is included in debtors as work in progress.

GOODWILL

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. Amortisation is included in 'administrative expenses' in the profit and loss account. Goodwill is amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

TAXATION

Taxation for the year 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.

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 using the effective interest rate method.

FINANCE COSTS

Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

555,000

AMORTISATION

At 1 April 2024

129,500

Charge for year

55,500

At 31 March 2025

185,000

NET BOOK VALUE

At 31 March 2025

370,000

At 31 March 2024

425,500

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

11,431

12,384

23,815

Additions

-

2,791

2,791

At 31 March 2025

11,431

15,175

26,606

DEPRECIATION

At 1 April 2024

947

5,026

5,973

Charge for year

370

4,845

5,215

At 31 March 2025

1,317

9,871

11,188

NET BOOK VALUE

At 31 March 2025

10,114

5,304

15,418

At 31 March 2024

10,484

7,358

17,842

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

389,322

354,670

Amounts owed by group undertakings

203,700

-

Other debtors

40,726

114,742

633,748

469,412

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

38,613

52,488

Taxation and social security

209,730

208,911

Other creditors

28,811

104,116

277,154

365,515

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

186,251

212,503

9.	RELATED PARTY DISCLOSURES

As at the year end date Y. Patel held a loan with the company that was £19 in credit (2024 - £95,752 in debit). This loan is interest free and repayable on demand.

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 Balance sheet. 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 Telic Advisory Limited for the year ended 31 March 2025 which comprise the Income statement, Balance sheet 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 Telic Advisory Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Telic Advisory Limited and state those matters that we have agreed to state to the director of Telic Advisory 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 Telic Advisory Limited and its director for our work or for this report.

It is your duty to ensure that Telic Advisory 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 Telic Advisory Limited. You consider that Telic Advisory 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 Telic Advisory 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.

Z group

Suite LU.231

The Light Bulb

1 Filament Walk

Wandsworth

London

SW18 4GQ

26 September 2025