Tealk_Services_Limited - Accounts

TEALK SERVICES LIMITED - Company Information

Print Friendly Version

Tealk Services Limited

Unaudited Abbreviated Accounts

For the year ended 31 July 2015

Company Registration No. 04203171 (England and Wales)

Tealk Services Limited

Abbreviated Balance Sheet

As at 31 July 2015

Page 1

2015

2014

Notes

Fixed assets

Tangible assets

128,063

125,970

Current assets

Debtors

160,020

164,923

Cash at bank and in hand

192,117

81,318

352,137

246,241

Creditors: amounts falling due within one year

(56,723)

(71,136)

Net current assets

295,414

175,105

Total assets less current liabilities

423,477

301,075

Capital and reserves

Called up share capital

Profit and loss account

423,475

301,073

Shareholders' funds

423,477

301,075

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit.

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 April 2016

C.S. Sidhu

Director

Company Registration No. 04203171

Tealk Services Limited

Notes to the Abbreviated Accounts

For the year ended 31 July 2015

Page 2

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the invoiced value of services provided net of value added tax.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Over the period of the lease

Plant and machinery

20% straight line

Computer equipment

33% reducing balance

Fixtures, fittings & equipment

15% reducing balance

Fixed assets

Tangible assets

Cost

At 1 August 2014

182,487

Additions

22,442

At 31 July 2015

204,929

Depreciation

At 1 August 2014

56,517

Charge for the year

20,349

At 31 July 2015

76,866

Net book value

At 31 July 2015

128,063

At 31 July 2014

125,970

Tealk Services Limited

Notes to the Abbreviated Accounts (Continued)

For the year ended 31 July 2015

Page 3

Debtors

Debtors include an amount of £148,587 (2014 - £151,350) which is due after more than one year.

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary Shares of £1 each

Control

The parent company is Chas Care Group Limited by virtue of its 100% interest in the issued share capital of the company. The ultimate controlling party is the director, Mr.C.S. Sidhu by virtue of his interest, including family interests, in 100% of the issued share capital of the parent company.