Teetopin Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09326880 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2019

for

Teetopin Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N A Bills

Mrs C L Bills

Mr T R G Stimpson

SECRETARY:

Mrs C L Bills

REGISTERED OFFICE:

Cherry Trees

93 Holland Road

Maidstone

Kent

ME14 1UN

REGISTERED NUMBER:

09326880 (England and Wales)

ACCOUNTANTS:

Accsys Accountants Limited

Chartered Accountants

Milwood House

36B Albion Place

Maidstone

Kent

ME14 5DZ

FIXED ASSETS

Tangible assets

4

1,593

213

CURRENT ASSETS

Debtors

5

6,174

2,532

Cash at bank and in hand

7,824

881

13,998

3,413

CREDITORS

Amounts falling due within one year

6

32,015

28,683

NET CURRENT LIABILITIES

(18,017

)

(25,270

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,424

)

(25,057

)

CAPITAL AND RESERVES

Called up share capital

11

11

Retained earnings

(16,435

)

(25,068

)

(16,424

)

(25,057

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 20 May 2020 and were signed on its behalf by:

Mr N A Bills - Director

1.	STATUTORY INFORMATION

Teetopin Limited 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.

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 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 December 2018

333

-

333

Additions

375

1,096

1,471

At 30 November 2019

708

1,096

1,804

DEPRECIATION

At 1 December 2018

120

-

120

Charge for year

61

30

91

At 30 November 2019

181

30

211

NET BOOK VALUE

At 30 November 2019

527

1,066

1,593

At 30 November 2018

213

-

213

5.

DEBTORS

30.11.19

30.11.18

£

£

Amounts falling due within one year:

Other debtors

482

-

Amounts falling due after more than one year:

Trade debtors

5,692

2,532

Aggregate amounts

6,174

2,532

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade creditors

43

43

Taxation and social security

-

366

Other creditors

31,972

28,274

32,015

28,683