REGISTERED NUMBER: 13526282 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Telltale Industries Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J T B Lee

REGISTERED OFFICE:

90 Vicars Moor Lane

London

N21 1BN

REGISTERED NUMBER:

13526282 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Tangible assets

4

8,895

7,522

CURRENT ASSETS

Stocks

5

-

574

Debtors

6

328

70,871

Cash at bank

3,607

1,346

3,935

72,791

CREDITORS

Amounts falling due within one year

7

317,426

335,968

NET CURRENT LIABILITIES

(313,491

)

(263,177

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(304,596

)

(255,655

)

CREDITORS

Amounts falling due after more than one year

8

125,000

-

NET LIABILITIES

(429,596

)

(255,655

)

CAPITAL AND RESERVES

Called up share capital

141

129

Share premium

229,963

199,975

Retained earnings

(659,700

)

(455,759

)

SHAREHOLDERS' FUNDS

(429,596

)

(255,655

)

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

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

The director acknowledges his 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 director and authorised for issue on 15 July 2026 and were signed by:

J T B Lee - Director

1.	STATUTORY INFORMATION

Telltale Industries Ltd is a private company, limited by shares , registered in England and Wales. 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises of revenue recognised by the company in respect of services provided during the year exclusive of value added tax. Revenue is recognised in the month in which the service is provided.

Where projects span a longer period, turnover is determined by the stage of completion of the project. Where losses in respect of long-term projects are expected and can be reliably measured, they are provided for within the profit and loss account.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Fixtures, fittings and equipment - 25% straight line

Work in progress

Work in progress comprises production and development costs incurred and is valued at cost, including direct costs and attributable overheads. No element of profit is included in the valuation. Provisions are made for any foreseeable losses as appropriate.

At each reporting date, work in progress is assessed for impairment. Where the carrying amount exceeds the estimated selling price less costs to complete and sell, the excess is recognised as an impairment loss in the profit and loss account. Reversals of previously recognised impairment losses are also recognised in the profit and loss account when the reasons for the impairment no longer apply.

Upon delivery of a project, all amounts held in work in progress are transferred to the profit and loss account.

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.

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.

Interest income

Interest income is recognised when it probable that the economic benefits will flow to the Group and the amount of income can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going concern

The director considers it appropriate to prepare the financial statements on a going concern basis, having received confirmation of continuing financial support from the director and the participating interest for at least twelve months from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

& equipment

£

COST

At 1 January 2025

12,575

Additions

4,933

At 31 December 2025

17,508

DEPRECIATION

At 1 January 2025

5,053

Charge for year

3,560

At 31 December 2025

8,613

NET BOOK VALUE

At 31 December 2025

8,895

At 31 December 2024

7,522

5.

STOCKS

31.12.25

31.12.24

£

£

Work-in-progress

-

574

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

-

67,557

Other debtors

153

876

Prepayments and accrued income

175

2,438

328

70,871

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

6,497

26,843

Social security and other taxes

1,014

5,951

VAT

5,316

24,252

Other creditors

19,041

20,561

Other loans

190,994

140,599

Directors' current accounts

88,940

27,872

Accruals and deferred income

5,624

89,890

317,426

335,968

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

125,000

-

9.	RELATED PARTY DISCLOSURES

Loan from a shareholder of £125,000 (2024: £Nil) is included within creditors.

The loan is unsecured and bears interest at a rate of 12.5% per annum. Interest is charged to the profit and loss account on an accruals basis.

The loan is repayable in accordance with the terms of the agreement.No guarantees have been provided in respect of the loan.