Teal Ventures Limited - Accounts to registrar (filleted) - small 18.2
Teal Ventures Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 5 April 2019 |
| for |
| Teal Ventures Limited |
| Teal Ventures Limited (Registered number: 07439184) |
| Contents of the Financial Statements |
| for the year ended 5 April 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Teal Ventures Limited |
| Company Information |
| for the year ended 5 April 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Carrick House |
| Lypiatt Road |
| Cheltenham |
| GL50 2QJ |
| Teal Ventures Limited (Registered number: 07439184) |
| Balance Sheet |
| 5 April 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Teal Ventures Limited (Registered number: 07439184) |
| Balance Sheet - continued |
| 5 April 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| Teal Ventures Limited (Registered number: 07439184) |
| Notes to the Financial Statements |
| for the year ended 5 April 2019 |
| 1. | STATUTORY INFORMATION |
| Teal Ventures Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue 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 |
| Computer equipment | - |
| Stocks |
| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and |
| Retained Earnings, 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Teal Ventures Limited (Registered number: 07439184) |
| Notes to the Financial Statements - continued |
| for the year ended 5 April 2019 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Freehold | Computer |
| property | equipment | Totals |
| £ | £ | £ |
| COST |
| At 6 April 2018 |
| and 5 April 2019 |
| DEPRECIATION |
| At 6 April 2018 |
| Charge for year |
| At 5 April 2019 |
| NET BOOK VALUE |
| At 5 April 2019 |
| At 5 April 2018 |
| The land was revalued to £50,000 in September 2014 on an open market value basis. The directors are of the |
| opinion that this is a reflection of the fair value as at 5 April 2019. The historic cost of the land is £35,000. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 6 April 2018 |
| and 5 April 2019 |
| Teal Ventures Limited (Registered number: 07439184) |
| Notes to the Financial Statements - continued |
| for the year ended 5 April 2019 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £76,500 (2018 - £60,500) were paid to the directors . |
| Included within creditors: amount falling due within one year are directors' loan account provided by A T |
| Beighton £458 (2018: £1,420 debtor) and J A Beighton in the sum of £70,000.. The loans are unsecured, interest |
| free and carries no fixed date of repayment. |