Registered number
03301534
Tennco Distribution Limited
Accounts
For the Year ended
30 April 2023
Business Management Services
31 Stallard Street
Trowbridge
Wiltshire
BA14 9AA
Tennco Distribution Limited
Registered number: 03301534
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 310 378
Current assets
Stocks 141,242 186,242
Debtors 4 113,898 134,597
Cash at bank and in hand 58,587 52,803
313,727 373,642
Creditors: amounts falling due within one year 5 (191,303) (256,555)
Net current assets 122,424 117,087
Net assets 122,734 117,465
Capital and reserves
Called up share capital 100 100
Profit and loss account 122,634 117,365
Shareholders' funds 122,734 117,465
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J Smith
Director
Approved by the board on 26 September 2023
Tennco Distribution Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the services are provided.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Office equipment
£
Cost
At 1 May 2022 19,936
Additions 6,155
At 30 April 2023 26,091
Depreciation
At 1 May 2022 19,558
Charge for the year 6,223
At 30 April 2023 25,781
Net book value
At 30 April 2023 310
At 30 April 2022 378
4 Debtors 2023 2022
£ £
Trade debtors 111,898 132,597
Other debtors 2,000 2,000
113,898 134,597
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 172,437 205,877
Other taxes and social security costs 18,866 50,678
191,303 256,555
6 Controlling party
The company is controlled by the director who owns 51% of the issued share capital.
7 Other information
Tennco Distribution Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 Stallard Street
Trowbridge
Wiltshire
BA14 9AA
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