ACCOUNTS - Final Accounts preparation

M. TEEVAN & CO. LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-3122022-02-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01086572 2022-02-01 2023-01-31 01086572 2021-02-01 2022-01-31 01086572 2023-01-31 01086572 2022-01-31 01086572 c:Director1 2022-02-01 2023-01-31 01086572 c:Director2 2022-02-01 2023-01-31 01086572 c:RegisteredOffice 2022-02-01 2023-01-31 01086572 d:CurrentFinancialInstruments 2023-01-31 01086572 d:CurrentFinancialInstruments 2022-01-31 01086572 d:Non-currentFinancialInstruments 2023-01-31 01086572 d:Non-currentFinancialInstruments 2022-01-31 01086572 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 01086572 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 01086572 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 01086572 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 01086572 d:ShareCapital 2023-01-31 01086572 d:ShareCapital 2022-01-31 01086572 d:RetainedEarningsAccumulatedLosses 2023-01-31 01086572 d:RetainedEarningsAccumulatedLosses 2022-01-31 01086572 c:OrdinaryShareClass1 2022-02-01 2023-01-31 01086572 c:OrdinaryShareClass1 2023-01-31 01086572 c:OrdinaryShareClass1 2022-01-31 01086572 c:FRS102 2022-02-01 2023-01-31 01086572 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 01086572 c:FullAccounts 2022-02-01 2023-01-31 01086572 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 01086572 4 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Company Registration No. 01086572 (England and Wales)

M. TEEVAN & CO. LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

Riordan O'Sullivan & Co

Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE


M. TEEVAN & CO. LIMITED

COMPANY INFORMATION

Directors	Michael Teevan
	Damian Teevan


Registered number	01086572


Registered office	Hawko House
	35 Horn Lane
	Acton
	London
	W3 6NS


Accountants	Riordan O'Sullivan & Co
	Chartered Certified Accountants
	40 Chamberlayne Road
	London
	NW10 3JE


M. TEEVAN & CO. LIMITED

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 4


M. TEEVAN & CO. LIMITED REGISTERED NUMBER:01086572

BALANCE SHEET

AS AT 31 JANUARY 2023

		2023		2022
Note		£		£


Current assets
Debtors: amounts falling due after more than one year	4	34,324		44,324
Cash at bank and in hand		77		1,286
		34,401		45,610
Creditors: amounts falling due within one year	5	(20,456)		(20,456)
Net current assets			13,945		25,154
Total assets less current liabilities			13,945		25,154
Creditors: amounts falling due after more than one year	6		(32,546)		(42,546)

Net liabilities			(18,601)		(17,392)

Capital and reserves
Called up share capital	7	2	2
Profit and loss account		(18,603)	(17,394)
		(18,601)	(17,392)

Page 1


M. TEEVAN & CO. LIMITED REGISTERED NUMBER:01086572

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

___________________________

Michael Teevan

Director

Date: 31 October 2023

Page 2


M. TEEVAN & CO. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

1.	General information

M. Teevan & Co. Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hawko House, 35 Horn Lane, Acton, London, W3 6NS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.5

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3


M. TEEVAN & CO. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

Debtors

Due after more than one year
Due from related parties	34,324	44,324
	34,324	44,324

5.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Other creditors	19,456	19,456
Accruals and deferred income	1,000	1,000
	20,456	20,456

6.	Creditors: Amounts falling due after more than one year
		2023	2022
		£	£

Bank loans	32,546	42,546
	32,546	42,546

7.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

2 (2022 - 2) Ordinary shares of £1.00 each	2	2

8.	Related party transactions
	At the year end, the company was owed £34,324 (2022: £44,324) by M. Teevan Hire Co. Limited, a company in which M Teevan is a director and sole shareholder.

Page 4