IRIS Accounts Production v23.3.0.418 10891962 Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108919622022-07-31108919622023-07-31108919622022-08-012023-07-31108919622021-07-31108919622021-08-012022-07-31108919622022-07-3110891962ns10:Originalns15:EnglandWales2022-08-012023-07-3110891962ns14:PoundSterlingns10:Original2022-08-012023-07-3110891962ns10:Originalns10:Director12022-08-012023-07-3110891962ns10:Original2022-08-012023-07-3110891962ns10:Originalns10:Director22022-08-012023-07-3110891962ns10:Original2023-07-3110891962ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3110891962ns10:Originalns10:SmallEntities2022-08-012023-07-3110891962ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3110891962ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3110891962ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3110891962ns10:Originalns10:FullAccounts2022-08-012023-07-3110891962ns10:Originalns10:RegisteredOffice2022-08-012023-07-3110891962ns10:Original2022-07-3110891962ns10:Originalns5:CurrentFinancialInstruments2023-07-3110891962ns10:Originalns5:CurrentFinancialInstruments2022-07-3110891962ns5:ShareCapitalns10:Original2023-07-3110891962ns5:ShareCapitalns10:Original2022-07-3110891962ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3110891962ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3110891962ns10:Originalns5:LeaseholdImprovements2022-08-012023-07-3110891962ns10:Originalns5:FurnitureFittings2022-08-012023-07-3110891962ns10:Originalns5:ComputerEquipment2022-08-012023-07-3110891962ns10:Original2021-08-012022-07-3110891962ns10:Originalns5:LeaseholdImprovements2022-07-3110891962ns10:Originalns5:FurnitureFittings2022-07-3110891962ns10:Originalns5:ComputerEquipment2022-07-3110891962ns10:Original2022-07-3110891962ns10:Originalns5:LeaseholdImprovements2023-07-3110891962ns10:Originalns5:FurnitureFittings2023-07-3110891962ns10:Originalns5:ComputerEquipment2023-07-3110891962ns10:Originalns5:LeaseholdImprovements2022-07-3110891962ns10:Originalns5:FurnitureFittings2022-07-3110891962ns10:Originalns5:ComputerEquipment2022-07-3110891962ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3110891962ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 10891962 (England and Wales)















Subteno Limited

Unaudited Financial Statements for the Year Ended 31 July 2023






Subteno Limited (Registered number: 10891962)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Subteno Limited

Company Information
for the Year Ended 31 July 2023







Directors: M Byatt
A J Dye





Registered office: Suite Ff1, Crafton House
Rosebery Business Park, Mentmore Way
Poringland
Norfolk
NR14 7XP





Registered number: 10891962 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Subteno Limited (Registered number: 10891962)

Statement of Financial Position
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 27,336 15,813

Current assets
Debtors 5 326,095 212,714
Cash at bank 616,306 451,007
942,401 663,721
Creditors
Amounts falling due within one year 6 204,880 147,418
Net current assets 737,521 516,303
Total assets less current liabilities 764,857 532,116

Provisions for liabilities 5,194 3,004
Net assets 759,663 529,112

Capital and reserves
Called up share capital 1 1
Retained earnings 759,662 529,111
759,663 529,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Subteno Limited (Registered number: 10891962)

Statement of Financial Position - continued
31 July 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:




M Byatt - Director



A J Dye - Director


Subteno Limited (Registered number: 10891962)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. Statutory information

Subteno Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be readily measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Subteno Limited (Registered number: 10891962)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 12 (2022 - 10 ) .

4. Tangible fixed assets
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 August 2022 7,427 7,878 22,571 37,876
Additions 9,108 5,523 6,829 21,460
At 31 July 2023 16,535 13,401 29,400 59,336
Depreciation
At 1 August 2022 3,624 4,849 13,590 22,063
Charge for year 2,582 2,138 5,217 9,937
At 31 July 2023 6,206 6,987 18,807 32,000
Net book value
At 31 July 2023 10,329 6,414 10,593 27,336
At 31 July 2022 3,803 3,029 8,981 15,813

5. Debtors: amounts falling due within one year
31/7/23 31/7/22
£    £   
Trade debtors 265,732 146,842
Other debtors 60,363 65,872
326,095 212,714

Subteno Limited (Registered number: 10891962)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. Creditors: amounts falling due within one year
31/7/23 31/7/22
£    £   
Trade creditors 3,339 622
Taxation and social security 191,364 140,650
Other creditors 10,177 6,146
204,880 147,418