Tellit Ltd - Period Ending 2015-12-31

Registration number: 07436435

Tellit Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2015
 

Broadhead Accountants Limited

Tellit Ltd
Contents

Company Information 1

Director's Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6 to 7

Tellit Ltd
Company Information

Director

Mr David Aylmer

Registered office

The Bristol Office 2nd Floor 5 High Street Westbury-On-Trym Bristol BS9 3BY

Page 1

Tellit Ltd
Director's Report for the Year Ended 31 December 2015

The director presents his report and the unaudited financial statements for the year ended 31 December 2015.

Director of the company

The director who held office during the year was as follows:

Mr David Aylmer

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 17 March 2016 and signed on its behalf by:

.........................................
Mr David Aylmer
Director

Page 2

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
 Tellit Ltdfor the Year Ended 31 December 2015

In order to assist you to fulfil your directors' duties under the Companies Act 2006, we have prepared for your review and approval the financial statements of Tellit Ltd for the year ended 31 December 2015. These financial statements have been prepared from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to ethical and other professional requirements.

This report is made solely to the Board of Directors of Tellit Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tellit Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tellit Ltd and its Board of Directors as a body for our work or for this report.

The acceptance of the financial statements and the directors' report by the directors indicates acceptance of our accountants' report too. Use of these financial statements by external parties indicates acknowledgement of these conditions and limitations.

 
  ......................................
  Broadhead Accountants Limited Chartered Accountants Suite 402 Britannia House 1-11 Glenthorne Road Hammersmith London W6 0LH
 
 
 

21 March 2016

Page 3

Tellit Ltd
Profit and Loss Account for the Year Ended 31 December 2015

		Note			2015 £			2014 £
Turnover					52,326			56,687
Administrative expenses					(17,455)			(15,419)
Operating profit					34,871			41,268
Profit on ordinary activities before taxation					34,871			41,268
Tax on profit on ordinary activities		3			(6,974)			(8,254)
Profit for the financial year		8			27,897			33,014

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 4

Tellit Ltd
(Registration number: 07436435)
Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Current assets
Debtors		4			-			7,560
Cash at bank and in hand					44,790			16,619
					44,790			24,179
Creditors: Amounts falling due within one year		5			(44,784)			(24,170)
Net assets					6			9
Capital and reserves
Called up share capital		6			1			1
Profit and loss account		8			5			8
Shareholders' funds					6			9

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the director on 17 March 2016

.........................................
Mr David Aylmer
Director

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 5

Tellit Ltd
Notes to the Financial Statements for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Director's remuneration

The director's remuneration for the year was as follows:

		2015 £			2014 £
Remuneration		8,028			7,894

3

Taxation

Tax on profit on ordinary activities

		2015 £			2014 £
Current tax
Corporation tax charge		6,974			8,254

4

Debtors

		2015 £			2014 £
Trade debtors		-			7,560

Page 6

Tellit Ltd
Notes to the Financial Statements for the Year Ended 31 December 2015
......... continued

5	Creditors: Amounts falling due within one year

		2015 £			2014 £
Trade creditors		2,040			1,020
Corporation tax		15,228			8,254
Other taxes and social security		20,663			11,789
Other creditors		6,853			3,107
		44,784			24,170

6	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary share of £1 each		1			1			1			1

7

Dividends

		2015 £			2014 £
Dividends paid
Current year interim dividend paid		27,900			33,006

8

Reserves

		Profit and loss account £			Total £
At 1 January 2015		8			8
Profit for the year		27,897			27,897
Dividends		(27,900)			(27,900)
At 31 December 2015		5			5

Page 7