Company Registration No. 06951916 (England and Wales)
Teleproject UK Limited
Unaudited accounts
for the year ended 31 July 2018
Teleproject UK Limited
Unaudited accounts
Contents
Teleproject UK Limited
Company Information
for the year ended 31 July 2018
Directors
Mr Michael Jones
Mr Andrew Riley
Company Number
06951916 (England and Wales)
Registered Office
1ST FLOOR 2 WOODBERRY GROVE
NORTH FINCHLEY
LONDON
N12 0DR
Accountants
Charterwells
Old Brewery House
189 Stanmore Hill
Stanmore
HA7 3HA
Teleproject UK Limited
Statement of financial position
as at
31 July 2018
Creditors: amounts falling due within one year
(74,048)
(83,310)
Net current liabilities
(2,704)
(33,742)
Total assets less current liabilities
(2,704)
(33,742)
Creditors: amounts falling due after more than one year
(49,339)
(62,873)
Net liabilities
(52,043)
(96,615)
Called up share capital
100
100
Share premium
13,018
13,018
Profit and loss account
(65,161)
(109,733)
Shareholders' funds
(52,043)
(96,615)
For the year ending 31 July 2018 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 directors acknowledge their 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.
Approved by the Board on 29 April 2019.
Mr Michael Jones
Director
Company Registration No. 06951916
Teleproject UK Limited
Notes to the Accounts
for the year ended 31 July 2018
Teleproject UK Limited is a private company, limited by shares, registered in England and Wales, registration number 06951916. The registered office is 1ST FLOOR 2 WOODBERRY GROVE, NORTH FINCHLEY, LONDON, N12 0DR.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Fixtures & fittings
3 years straight line basis
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and
related costs as contract activity progresses.
Teleproject UK Limited
Notes to the Accounts
for the year ended 31 July 2018
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Finished goods
5,273
3,183
Trade debtors
17,891
18,393
Accrued income and prepayments
764
764
Other debtors
47,416
27,228
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Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
9,232
14,403
Trade creditors
4,111
31,091
Taxes and social security
36,991
18,958
Other creditors
23,401
18,545
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Creditors: amounts falling due after more than one year
2018
2017
Other creditors
49,339
62,873
9
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Teleproject UK Limited
Notes to the Accounts
for the year ended 31 July 2018
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan from Director
4,861
14,993
4,861
14,993
Loan from Director
6,416
14,681
6,416
14,681
11,277
29,674
11,277
29,674
The above loans are unsecured, interest free and repayable on demand. Both loans have partially been repaid within 9 months after the year end.
The company's ultimate controlling party is Michael Jones by virtue of his ownership of 59% of the issued share capital in the company.
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Average number of employees
During the year the average number of employees was 6 (2017: 6).