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Company Registration No. 16215812 (England and Wales)
Tera Vega Ltd Unaudited accounts for the period from 29 January 2025 to 31 January 2026
Tera Vega Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Tera Vega Ltd Company Information for the period from 29 January 2025 to 31 January 2026
Director
MEHDI ALIZADE CHETABI
Company Number
16215812 (England and Wales)
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Tera Vega Ltd Statement of financial position as at 31 January 2026
2026
Notes
£
Fixed assets
Tangible assets
4
28,500
Current assets
Inventories
150
Cash at bank and in hand
2,783
2,933
Creditors: amounts falling due within one year
5
(27,443)
Net current liabilities
(24,510)
Net assets
3,990
Capital and reserves
Called up share capital
100
Profit and loss account
3,890
Shareholders' funds
3,990
For the period ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 August 2026 and were signed on its behalf by
MEHDI ALIZADE CHETABI Director Company Registration No. 16215812
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Tera Vega Ltd Notes to the Accounts for the period from 29 January 2025 to 31 January 2026
1
Statutory information
Tera Vega Ltd is a private company, limited by shares, registered in England and Wales, registration number 16215812.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% Reducing Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 29 January 2025
-
Additions
30,000
At 31 January 2026
30,000
Depreciation
Charge for the period
1,500
At 31 January 2026
1,500
Net book value
At 31 January 2026
28,500
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Tera Vega Ltd Notes to the Accounts for the period from 29 January 2025 to 31 January 2026
5
Creditors: amounts falling due within one year
2026
£
Trade creditors
1,500
Loans from directors
25,943
27,443
6
Average number of employees
During the period the average number of employees was 0.
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