Company registration number 04193270 (England and Wales)
TELEMETRY ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
TELEMETRY ASSOCIATES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
TELEMETRY ASSOCIATES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,330
2,657
Current assets
Debtors
5
29,200
25,208
Cash at bank and in hand
75
2,860
29,275
28,068
Creditors: amounts falling due within one year
6
(67,746)
(62,833)
Net current liabilities
(38,471)
(34,765)
Net liabilities
(35,141)
(32,108)
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
(35,143)
(32,110)
Total equity
(35,141)
(32,108)

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 6 November 2025
Stephen Pattenden
Director
Company registration number 04193270 (England and Wales)
TELEMETRY ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Telemetry Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4b Church Street, Diss, Norfolk, IP22 4DD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors recognise the accumulated losses reflected in the financial statements and that the company exists only with the continued support of the directors. This support is in the form of a director's loan account (note 6) included within current liabilities. The directors have stated that the loans will only be withdrawn when cash flow allows and not to the detriment of the ongoing business requirements. As such, the directors consider that the company financial statements should be prepared on a going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
20% straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

TELEMETRY ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

TELEMETRY ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Intangible fixed assets
Patents & licences
£
Cost
At 1 April 2024 and 31 March 2025
2,630
Amortisation and impairment
At 1 April 2024 and 31 March 2025
2,630
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2024
13,495
48,892
62,387
Additions
125
1,394
1,519
At 31 March 2025
13,620
50,286
63,906
Depreciation and impairment
At 1 April 2024
13,110
46,620
59,730
Depreciation charged in the year
96
750
846
At 31 March 2025
13,206
47,370
60,576
Carrying amount
At 31 March 2025
414
2,916
3,330
At 31 March 2024
385
2,272
2,657
TELEMETRY ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
20,000
20,000
Corporation tax recoverable
4,739
4,739
Other debtors
4,461
469
29,200
25,208
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,770
750
Taxation and social security
18
-
0
Directors' loan accounts
64,958
61,083
Other creditors
1,000
1,000
67,746
62,833
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
2025-03-31 2024-04-01 false false false 07 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Stephen Pattenden Stephen Pattenden 04193270 2024-04-01 2025-03-31 04193270 2025-03-31 04193270 2024-03-31 04193270 core:FurnitureFittings 2025-03-31 04193270 core:ComputerEquipment 2025-03-31 04193270 core:FurnitureFittings 2024-03-31 04193270 core:ComputerEquipment 2024-03-31 04193270 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04193270 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04193270 core:WithinOneYear 2025-03-31 04193270 core:WithinOneYear 2024-03-31 04193270 core:ShareCapital 2025-03-31 04193270 core:ShareCapital 2024-03-31 04193270 core:RetainedEarningsAccumulatedLosses 2025-03-31 04193270 core:RetainedEarningsAccumulatedLosses 2024-03-31 04193270 core:ShareCapitalOrdinaryShareClass1 2025-03-31 04193270 core:ShareCapitalOrdinaryShareClass1 2024-03-31 04193270 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 04193270 core:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 04193270 core:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2025-03-31 04193270 core:FurnitureFittings 2024-04-01 2025-03-31 04193270 core:ComputerEquipment 2024-04-01 2025-03-31 04193270 2023-04-01 2024-03-31 04193270 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 04193270 core:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 04193270 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 04193270 core:FurnitureFittings 2024-03-31 04193270 core:ComputerEquipment 2024-03-31 04193270 2024-03-31 04193270 core:CurrentFinancialInstruments 2025-03-31 04193270 core:CurrentFinancialInstruments 2024-03-31 04193270 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 04193270 bus:OrdinaryShareClass1 2025-03-31 04193270 bus:OrdinaryShareClass1 2024-03-31 04193270 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04193270 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04193270 bus:FRS102 2024-04-01 2025-03-31 04193270 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04193270 bus:Director1 2024-04-01 2025-03-31 04193270 bus:CompanySecretary1 2024-04-01 2025-03-31 04193270 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP