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COMPANY REGISTRATION NUMBER: 01897407

Teal Press Limited

Unaudited financial statements

31 May 2025

Teal Press Limited

Statement of financial position

31 May 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Intangible assets | 5 |  | 4,098 |  | 8,196
Tangible assets | 6 |  | 69,597 |  | 85,696
Investments | 7 |  | 89,777 |  | 89,777
|  | --------- |  | ---------
|  | 163,472 |  | 183,669

Current assets

Stocks | 344,680 |  | 323,941 |
Debtors | 8 | 102,918 |  | 138,542 |
Cash at bank and in hand | 70,767 |  | 75,329 |
| --------- |  | --------- |
| 518,365 |  | 537,812 |

Creditors: Amounts falling due within one year | 9 | ( 174,588) |  | ( 183,678) |
| --------- |  | --------- |
Net current assets |  | 343,777 |  | 354,134
|  | --------- |  | ---------
Total assets less current liabilities |  | 507,249 |  | 537,803

Creditors: Amounts falling due after more than one year | 10 |  | ( 8,336) |  | ( 18,333)

Provisions

Taxation including deferred tax |  | ( 13,172) |  | ( 16,083)
|  | --------- |  | ---------
Net assets |  | 485,741 |  | 503,387
|  | --------- |  | ---------

Capital and reserves

Called up share capital |  | 2 |  | 2
Profit and loss account |  | 485,739 |  | 503,385
|  | --------- |  | ---------
Shareholders funds |  | 485,741 |  | 503,387
|  | --------- |  | ---------

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 income statement has not been delivered.
For the year ending 31 May 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Teal Press Limited

Statement of financial position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 18 May 2026 , and are signed on behalf of the board by:

M S Sayers | A Sayers
Director | Director

Company registration number: 01897407

Teal Press Limited

Notes to the financial statements

Year ended 31 May 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 Unit 12 Bunns Bank, Attleborough, Norfolk, NR17 1QD.
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.
Judgements and key sources of estimation uncertainty
Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The directors consider that there are no estimates or assumptions that have a significant effect on the financial statements.
Revenue recognition
Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.
Taxation
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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
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 | - | 20% 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:

| Leasehold improvements | - | 2% reducing balance
| Plant and machinery | - | 20% reducing balance
| Fixtures and fittings | - | 15% reducing balance
| Motor vehicles | - | 25% reducing balance
| Equipment | - | 33% reducing balance

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
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 financing transaction it is measured at present value.
4. Employee numbers
The average number of employees during the year was 20 (2024: 22 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 June 2024 and 31 May 2025 | 20,490
| -------
Amortisation |
At 1 June 2024 | 12,294
Charge for the year | 4,098
| -------
At 31 May 2025 | 16,392
| -------
Carrying amount |
At 31 May 2025 | 4,098
| -------
At 31 May 2024 | 8,196
| -------

6. Tangible assets

| Leasehold improve-ments | Plant and machinery | Fixtures and fittings | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £ | £
Cost |  |  |  |  |  |
At 1 June 2024 | 1,422 | 172,498 | 136,711 | 51,965 | 101,065 | 463,661
Additions | – | 659 | – | – | – | 659
| ------ | --------- | --------- | ------- | --------- | ---------
At 31 May 2025 | 1,422 | 173,157 | 136,711 | 51,965 | 101,065 | 464,320
| ------ | --------- | --------- | ------- | --------- | ---------
Depreciation |  |  |  |  |  |
At 1 June 2024 | 1,422 | 131,762 | 106,003 | 43,156 | 95,622 | 377,965
Charge for the year | – | 8,154 | 4,606 | 2,202 | 1,796 | 16,758
| ------ | --------- | --------- | ------- | --------- | ---------
At 31 May 2025 | 1,422 | 139,916 | 110,609 | 45,358 | 97,418 | 394,723
| ------ | --------- | --------- | ------- | --------- | ---------
Carrying amount |  |  |  |  |  |
At 31 May 2025 | – | 33,241 | 26,102 | 6,607 | 3,647 | 69,597
| ------ | --------- | --------- | ------- | --------- | ---------
At 31 May 2024 | – | 40,736 | 30,708 | 8,809 | 5,443 | 85,696
| ------ | --------- | --------- | ------- | --------- | ---------

7. Investments

| Shares in group undertakings
| £
Cost |
At 1 June 2024 and 31 May 2025 | 89,777
| -------
Impairment |
At 1 June 2024 and 31 May 2025 | –
| -------

Carrying amount |
At 31 May 2025 | 89,777
| -------
At 31 May 2024 | 89,777
| -------

8. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 91,798 | 123,191
Other debtors | 11,120 | 15,351
| --------- | ---------
| 102,918 | 138,542
| --------- | ---------

9. Creditors: Amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 10,000 | 10,000
Trade creditors | 74,225 | 91,324
Social security and other taxes | 18,866 | 20,328
Amount owed to group undertaking | 16,597 | 6,597
Other creditors | 54,900 | 55,429
| --------- | ---------
| 174,588 | 183,678
| --------- | ---------

Included in creditors are bank loans of £10,000 (2024: £10,000) which are secured by charges over assets held by the company.
10. Creditors: Amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 8,336 | 18,333
| ------ | -------

Included in creditors are bank loans of £8,336 (2024: £18,333) which are secured by charges over assets held by the company.