Telco Trading Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: NI017362 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Telco Trading Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

A B Mullan

P O'Donnell

SECRETARY:

P O'Donnell

REGISTERED OFFICE:

8A Market Street

Omagh

Co. Tyrone

BT78 1EH

REGISTERED NUMBER:

NI017362 (Northern Ireland)

ACCOUNTANTS:

Drake Wells Stewart Limited

Chartered Accountants

1st Floor

34 B-D Main Street

Moira

Armagh

BT67 0LE

FIXED ASSETS

Tangible assets

5

389,429

404,024

CURRENT ASSETS

Stocks

424,260

399,332

Debtors

6

3,259,503

3,245,143

Cash at bank and in hand

298,759

323,202

3,982,522

3,967,677

CREDITORS

Amounts falling due within one year

7

126,451

121,356

NET CURRENT ASSETS

3,856,071

3,846,321

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,245,500

4,250,345

PROVISIONS FOR LIABILITIES

8

9,210

9,098

NET ASSETS

4,236,290

4,241,247

CAPITAL AND RESERVES

Called up share capital

9

300

3

Retained earnings

10

4,235,990

4,241,244

SHAREHOLDERS' FUNDS

4,236,290

4,241,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 8 June 2026 and were signed on its behalf by:

P O'Donnell - Director

A B Mullan - Director

1.	STATUTORY INFORMATION

Telco Trading Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Freehold property

-

2% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

Debtors and creditors receivable/payable within one year

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 ar recognised in the profit and loss account in other administrative expenses.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 19 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

COST

At 1 September 2024

744,944

251,581

3,500

1,000,025

Additions

-

9,900

-

9,900

At 31 August 2025

744,944

261,481

3,500

1,009,925

DEPRECIATION

At 1 September 2024

378,112

214,389

3,500

596,001

Charge for year

14,899

9,596

-

24,495

At 31 August 2025

393,011

223,985

3,500

620,496

NET BOOK VALUE

At 31 August 2025

351,933

37,496

-

389,429

At 31 August 2024

366,832

37,192

-

404,024

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade debtors

90,435

178,934

Amounts owed by participating interests

1,013,035

836,177

Other debtors

541,302

Directors' loan accounts

1,590,513

1,665,513

Prepayments

24,218

23,217

3,259,503

3,245,143

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade creditors

42,119

33,786

Tax

2,253

-

Social security and other taxes

10,319

8,965

Machine Gaming Duty

32,108

41,852

VAT

19,821

17,250

Pension Creditor

306

707

Accrued expenses

19,525

18,796

126,451

121,356

8.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

Deferred tax

Accelerated capital allowances

9,210

9,098

Deferred

tax

£

Balance at 1 September 2024

9,098

Charge to Income Statement during year

112

Balance at 31 August 2025

9,210

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

300

Ordinary

£1

300

3

(31.8.24 - 3 )

297 Ordinary shares of £1 each were allotted as fully paid as a bonus issue out of reserves during the year.

10.

RESERVES

Retained

earnings

£

At 1 September 2024

4,241,244

Deficit for the year

(4,957

)

Bonus share issue

(297

)

At 31 August 2025

4,235,990

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

A B Mullan

Balance outstanding at start of year

1,665,513

Amounts repaid

(75,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,590,513

1,665,513

In March 2019 the company made an advance to one of its directors. The loan is interest free and is repayable on demand.

12.	RELATED PARTY DISCLOSURES

Telco Trading Limited provided a loan to Portrush Sportsland Limited. The two companies are under common ownership. The balance on this interest free loan as at 31 August 2025 was £1,013,035 (2024: £836,177.