REGISTERED NUMBER: 03158834 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

TELEOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Greaves

REGISTERED OFFICE:

The Victoria Apt 4

3 Park Crescent

Roundhay

Leeds

LS8 1DH

REGISTERED NUMBER:

03158834 (England and Wales)

ACCOUNTANTS:

GPG Accounting Services Ltd

5 Granville Court

Off Granville Mount

Otley

West Yorkshire

LS21 3PB

FIXED ASSETS

Tangible assets

4

7,222

9,028

CURRENT ASSETS

Debtors

5

234,290

282,146

Cash at bank and in hand

3,256

1,697

237,546

283,843

CREDITORS

Amounts falling due within one year

6

3,140

956

NET CURRENT ASSETS

234,406

282,887

TOTAL ASSETS LESS CURRENT LIABILITIES

241,628

291,915

CREDITORS

Amounts falling due after more than one year

7

947,278

893,364

NET LIABILITIES

(705,650

)

(601,449

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(705,652

)

(601,451

)

SHAREHOLDERS' FUNDS

(705,650

)

(601,449

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 28 November 2025 and were signed by:

P Greaves - Director

1.	STATUTORY INFORMATION

Teleology 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

73,342

DEPRECIATION

At 1 March 2024

64,314

Charge for year

1,806

At 28 February 2025

66,120

NET BOOK VALUE

At 28 February 2025

7,222

At 29 February 2024

9,028

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

-

40

Other debtors

234,290

282,106

234,290

282,146

Zimovi Limited is a related company.

Smartglyph Affiliates Ltd is a related company.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

195

195

Taxation and social security

45

361

Other creditors

2,900

400

3,140

956

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

36,282

35,833

Other creditors

910,996

857,531

947,278

893,364

28.2.25

29.2.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bounce back loan

36,282

35,833

8.	RELATED PARTY DISCLOSURES

As described in note 7 Zimovi Limited and Smartglyph Affiliates Ltd are related companies.

The balances owing from Zimovi Limited are disclosed at the 28 February 2025. During the year Zimovi Limited invoiced £49,260 (2024 advanced £4,643).

The balances owing from Smartglyph Affiliates Ltd are disclosed at the 28 February 2025. During the year Smartglyph Affiliates Ltd repaid £980. (2024 repaid £2,750).