Registration number: 11152076

Teal Compliance Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Teal Compliance Limited

(Registration number: 11152076)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	6,324	3,162
Current assets
Debtors	5	234,201	83,326
Cash at bank and in hand		251,360	68,271
		485,561	151,597
Creditors: Amounts falling due within one year	6	(480,429)	(188,473)
Net current assets/(liabilities)		5,132	(36,876)
Total assets less current liabilities		11,456	(33,714)
Creditors: Amounts falling due after more than one year	6	(1,883)	(13,183)
Provisions for liabilities		(1,581)	(577)
Net assets/(liabilities)		7,992	(47,474)
Capital and reserves
Called up share capital		100	100
Retained earnings		7,892	(47,574)
Shareholders' funds/(deficit)		7,992	(47,474)

Teal Compliance Limited

(Registration number: 11152076)
Balance Sheet as at 28 February 2025

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Mrs A Worrall Director

Teal Compliance Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Office 9
Quebec Offices
Bury Street
Salford
M3 7DU

These financial statements were authorised for issue by the Board on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the
goods 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Teal Compliance Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	25% Straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 14).

Teal Compliance Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Tangible assets

	Equipment  £	Total £
Cost or valuation
At 1 March 2024	7,279	7,279
Additions	4,693	4,693
At 28 February 2025	11,972	11,972
Depreciation
At 1 March 2024	4,117	4,117
Charge for the year	1,531	1,531
At 28 February 2025	5,648	5,648
Carrying amount
At 28 February 2025	6,324	6,324
At 29 February 2024	3,162	3,162

5

Debtors

Current	2025 £	2024 £
Trade debtors	123,602	81,644
Prepayments	64,723	1,652
Other debtors	45,876	30
	234,201	83,326

Teal Compliance Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	166,300	11,300
Trade creditors		5,688	18,582
Amounts owed to group undertakings and undertakings in which the company has a participating interest		58,500	22,500
Taxation and social security		115,180	55,273
Accruals and deferred income		128,104	79,577
Other creditors		6,657	1,241
		480,429	188,473

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	1,883	13,183

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,883	13,183

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	166,300	11,300

8	Parent and ultimate parent undertaking

The company's immediate parent is Amy Bell Compliance Limited, incorporated in England and Wales.