Teal Press Limited Filleted accounts for Companies House (small and micro)

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.