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Company Registration No. 08884895 (England and Wales)
TEAL TECHNOLOGIES LTD Unaudited accounts for the year ended 30 April 2025
TEAL TECHNOLOGIES LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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TEAL TECHNOLOGIES LTD Company Information for the year ended 30 April 2025
Director
Anthony Green
Company Number
08884895 (England and Wales)
Registered Office
Teal Technologies Ltd Collingwood Buildings 38 Collingwood Street Newcastle upon Tyne Tyne and Wear NE1 1JF England
Accountants
FIND TOTALS LTD 9 Hollybank Place Aberdeen Aberdeen AB11 6XR
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of TEAL TECHNOLOGIES LTD for the year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TEAL TECHNOLOGIES LTD for the year ended 30 April 2025 as set out on pages 5 - 7 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of TEAL TECHNOLOGIES LTD, as a body, in accordance with the terms of our engagement letter dated 1 January 2015. Our work has been undertaken solely to prepare for your approval the accounts of TEAL TECHNOLOGIES LTD and state those matters that we have agreed to state to the Board of Directors of TEAL TECHNOLOGIES LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TEAL TECHNOLOGIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TEAL TECHNOLOGIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of TEAL TECHNOLOGIES LTD. You consider that TEAL TECHNOLOGIES LTD 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 accounts of TEAL TECHNOLOGIES LTD. 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 accounts.
FIND TOTALS LTD Chartered Accountants 9 Hollybank Place Aberdeen Aberdeen AB11 6XR 15 January 2026
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TEAL TECHNOLOGIES LTD Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
4,682
3,636
Current assets
Cash at bank and in hand
1,475
11,198
Creditors: amounts falling due within one year
6
(7,594)
(4,570)
Net current (liabilities)/assets
(6,119)
6,628
Net (liabilities)/assets
(1,437)
10,264
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
(1,438)
10,263
Shareholders' funds
(1,437)
10,264
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 January 2026 and were signed on its behalf by
Anthony Green Director Company Registration No. 08884895
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TEAL TECHNOLOGIES LTD Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
TEAL TECHNOLOGIES LTD is a private company, limited by shares, registered in England and Wales, registration number 08884895. The registered office is Teal Technologies Ltd, Collingwood Buildings, 38 Collingwood Street, Newcastle upon Tyne, Tyne and Wear, NE1 1JF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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TEAL TECHNOLOGIES LTD Notes to the Accounts for the year ended 30 April 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024
27,500
At 30 April 2025
27,500
Amortisation
At 1 May 2024
27,500
At 30 April 2025
27,500
Net book value
At 30 April 2025
-
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
11,665
3,500
15,165
Additions
1,738
870
2,608
At 30 April 2025
13,403
4,370
17,773
Depreciation
At 1 May 2024
10,653
876
11,529
Charge for the year
688
874
1,562
At 30 April 2025
11,341
1,750
13,091
Net book value
At 30 April 2025
2,062
2,620
4,682
At 30 April 2024
1,012
2,624
3,636
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
(812)
274
Taxes and social security
(5)
2,116
Other creditors
6,028
-
Loans from directors
1,730
1,730
Accruals
653
450
7,594
4,570
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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