Tealby Commercial Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09826749 (England and Wales)

Unaudited Financial Statements

for the period

1st November 2018 to 30th September 2019

for

Tealby Commercial Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

5

DIRECTORS:

K S Nagra

N Brown

REGISTERED OFFICE:

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

REGISTERED NUMBER:

09826749 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

Santander UK Plc

Bridle Road

Bootle

Merseyside

L30 4GB

CURRENT ASSETS

Stocks

2,291,011

3,215,226

Debtors

300,961

82,694

Cash at bank

5,061

3,910

2,597,033

3,301,830

CREDITORS

Amounts falling due within one year

1,291,590

133,541

NET CURRENT ASSETS

1,305,443

3,168,289

TOTAL ASSETS LESS CURRENT LIABILITIES

1,305,443

3,168,289

CREDITORS

Amounts falling due after more than one year

1,273,354

3,145,979

NET ASSETS

32,089

22,310

CAPITAL AND RESERVES

Called up share capital

5

67

100

Capital redemption reserve

33

-

Retained earnings

31,989

22,210

SHAREHOLDERS' FUNDS

32,089

22,310

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30th September 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 22nd June 2020 and were signed on its behalf by:

K S Nagra - Director

1.	STATUTORY INFORMATION

Tealby Commercial 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - NIL).

4.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

1,273,354

3,145,979

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

67

Ordinary

£1

67

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Tealby Commercial Limited for the period ended 30th September 2019 which comprise the

Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tealby Commercial Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tealby Commercial Limited and state those matters that we have agreed to state to the Board of Directors of Tealby Commercial Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tealby Commercial Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tealby Commercial Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tealby Commercial Limited. You consider that Tealby Commercial Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Tealby Commercial Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

23rd June 2020