Tetel Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13342007

Tetel Limited

Filleted Unaudited Financial Statements

30 April 2025

Tetel Limited

Financial Statements

Year ended 30 April 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Tetel Limited

Statement of Financial Position

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	16,800	19,200
Tangible assets	6	129,645	98,141
		---------	---------
		146,445	117,341

Current assets

Debtors	7	95,337	80,188
Cash at bank and in hand		80,047	61,360
		---------	---------
		175,384	141,548

Creditors: amounts falling due within one year	8	222,031	173,496
		---------	---------
Net current liabilities		46,647	31,948
		---------	---------
Total assets less current liabilities		99,798	85,393

Creditors: amounts falling due after more than one year	9	28,455	10,937

Provisions

Taxation including deferred tax	( 1,631)	( 11,680)
	--------	--------
Net assets	72,974	86,136
	--------	--------

Capital and reserves

Profit and loss account	72,974	86,136
	--------	--------
Shareholders funds	72,974	86,136
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Tetel Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

Mr B Likaj
Director

Company registration number: 13342007

Tetel Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Larch Close, Hersden, Canterbury, CT3 4GE, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements,estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts 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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 3 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 May 2024 and 30 April 2025	24,000
	--------
Amortisation
At 1 May 2024	4,800
Charge for the year	2,400
	--------
At 30 April 2025	7,200
	--------
Carrying amount
At 30 April 2025	16,800
	--------
At 30 April 2024	19,200
	--------

6. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 May 2024	164,140	7,551	171,691
Additions	70,344	4,345	74,689
	---------	--------	---------
At 30 April 2025	234,484	11,896	246,380
	---------	--------	---------
Depreciation
At 1 May 2024	71,260	2,290	73,550
Charge for the year	40,806	2,379	43,185
	---------	--------	---------
At 30 April 2025	112,066	4,669	116,735
	---------	--------	---------
Carrying amount
At 30 April 2025	122,418	7,227	129,645
	---------	--------	---------
At 30 April 2024	92,880	5,261	98,141
	---------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	82,546	76,020
Other debtors	12,791	4,168
	--------	--------
	95,337	80,188
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,004	6,571
Trade creditors	37	–
Corporation tax	33,470	39,714
Social security and other taxes	61,449	63,396
Other creditors	123,071	63,815
	---------	---------
	222,031	173,496
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	6,707	10,937
Other creditors	21,748	–
	--------	--------
	28,455	10,937
	--------	--------

10. Related party transactions

At the year end, a Director was owed £636 (2024: £1,874) by the company.