Colin Teevan Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07469404

Colin Teevan Limited

Filleted Unaudited Financial Statements

31 March 2026

Colin Teevan Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	5	177,863	171,863
Tangible assets	6	64,928	57,811
Investments	7	2,885	2,885
		---------	---------
		245,676	232,559

Current assets

Stocks		–	11,700
Debtors	8	1,600	–
Cash at bank and in hand		247,579	281,790
		---------	---------
		249,179	293,490

Creditors: amounts falling due within one year	9	67,496		56,249
		---------		---------
Net current assets			181,683	237,241
			---------	---------
Total assets less current liabilities			427,359	469,800

Creditors: amounts falling due after more than one year	10	34,389	43,309
		---------	---------
Net assets		392,970	426,491
		---------	---------

Capital and reserves

Called up share capital	4	4
Profit and loss account	392,966	426,487
	---------	---------
Shareholders funds	392,970	426,491
	---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 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 .

Colin Teevan Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 19 June 2026 , and are signed on behalf of the board by:

Mr Colin Teevan	Dr Madeline Teevan
Director	Director

Company registration number: 07469404

Colin Teevan Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Star & Garter Cottage, Egerton House Road, Egerton, Ashfield, Kent, TN27 9BE.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and 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.

Income tax

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

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:

Land & buildings	-	10% straight line
Plant and machinery	-	25% straight line
	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Intangible assets

	Other intangible assets
	£
Cost
At 1 April 2025	171,863
Additions	6,000
	---------
At 31 March 2026	177,863
	---------
Amortisation
At 1 April 2025 and 31 March 2026	–
	---------
Carrying amount
At 31 March 2026	177,863
	---------
At 31 March 2025	171,863
	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2025	4,253	54,763	60,810	119,826
Additions	30,373	–	–	30,373
	--------	--------	--------	---------
At 31 March 2026	34,626	54,763	60,810	150,199
	--------	--------	--------	---------
Depreciation
At 1 April 2025	425	46,385	15,205	62,015
Charge for the year	3,463	4,588	15,205	23,256
	--------	--------	--------	---------
At 31 March 2026	3,888	50,973	30,410	85,271
	--------	--------	--------	---------
Carrying amount
At 31 March 2026	30,738	3,790	30,400	64,928
	--------	--------	--------	---------
At 31 March 2025	3,828	8,378	45,605	57,811
	--------	--------	--------	---------

7. Investments

	Other investments other than loans
	£
Cost
At 1 April 2025 and 31 March 2026	2,885
	-------
Impairment
At 1 April 2025 and 31 March 2026	–
	-------

Carrying amount
At 31 March 2026	2,885
	-------
At 31 March 2025	2,885
	-------

8. Debtors

	2026	2025
	£	£
Other debtors	1,600	–
	-------	----

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	15,656	14,218
Social security and other taxes	655	266
Other creditors	51,185	41,765
	--------	--------
	67,496	56,249
	--------	--------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	34,389	43,309
	--------	--------