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

REGISTERED NUMBER: 05247309 (England and Wales)

Financial Statements

for the Year Ended 30 September 2020

for

TELELEADS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss D A Effenberg

REGISTERED OFFICE:

Unit 7 Block B

Ridgeway Office Park

Bedford Road

PETERSFIELD

Hampshire

GU32 3QF

REGISTERED NUMBER:

05247309 (England and Wales)

ACCOUNTANTS:

Hunter Simmons Ltd

Langstone Gate

Solent Road

Havant

Portsmouth

Hampshire

PO9 1TR

FIXED ASSETS

Tangible assets

4

224,384

226,334

CURRENT ASSETS

Debtors

5

20,531

46,150

Cash at bank

47,092

54,810

67,623

100,960

CREDITORS

Amounts falling due within one year

6

26,809

43,099

NET CURRENT ASSETS

40,814

57,861

TOTAL ASSETS LESS CURRENT LIABILITIES

265,198

284,195

CREDITORS

Amounts falling due after more than one year

7

(47,454

)

(50,697

)

PROVISIONS FOR LIABILITIES

(1,200

)

(1,500

)

NET ASSETS

216,544

231,998

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

216,534

231,988

216,544

231,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 16 December 2020 and were signed by:

Miss D A Effenberg - Director

1.	STATUTORY INFORMATION

Teleleads 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 etc

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2019

217,267

60,630

277,897

Additions

-

421

421

At 30 September 2020

217,267

61,051

278,318

DEPRECIATION

At 1 October 2019

-

51,563

51,563

Charge for year

-

2,371

2,371

At 30 September 2020

-

53,934

53,934

NET BOOK VALUE

At 30 September 2020

217,267

7,117

224,384

At 30 September 2019

217,267

9,067

226,334

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

18,000

42,648

Other debtors

2,531

3,502

20,531

46,150

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

968

184

Taxation and social security

22,565

39,212

Other creditors

3,276

3,703

26,809

43,099

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

47,454

50,697