Registered number
09518311
Tendo Consulting Limited
Filleted Accounts
31 March 2023
Tendo Consulting Limited
Registered number: 09518311
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,733 25,733
Current assets
Debtors 4 159,468 145,500
Cash at bank and in hand 160,279 145,122
319,747 290,622
Creditors: amounts falling due within one year 5 (153,393) (208,398)
Net current assets 166,354 82,224
Total assets less current liabilities 176,087 107,957
Provisions for liabilities (1,849) (4,889)
Net assets 174,238 103,068
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 172,238 101,068
Shareholders' funds 174,238 103,068
The directors are 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 directors acknowledge their 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.
Mr W De Peyer
Director
Approved by the board on 15 November 2023
Tendo Consulting Limited
Notes to the Accounts
for the year ended 31 March 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance method
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 19 16
3 Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2022 22,713
Additions 1,540
At 31 March 2023 24,253
Depreciation
At 1 April 2022 11,295
Charge for the year 3,225
At 31 March 2023 14,520
Net book value
At 31 March 2023 9,733
At 31 March 2022 11,418
4 Debtors 2023 2022
£ £
Trade debtors 152,927 85,795
Prepayments 6,541 59,705
159,468 145,500
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 21,234 98,239
Taxation and social security costs 128,185 98,203
Other creditors 3,667 3,938
Directors' account (1,746) 3,365
Accruals 2,053 4,653
153,393 208,398
6 Related party transactions
The company paid a total dividend of £200,200 (2022: £223,000) to the directors who are also shareholders of the company.
7 Controlling party
The directors control the company by virtue of a 70% controlling interest of the issued ordinary shares of the company.
8 Other information
Tendo Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor
24 Southwark Bridge Road
London
SE1 9HF
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