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REGISTERED NUMBER: 10830073 (England and Wales)












REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

TENACITY BUSINESS SOLUTIONS LIMITED

TENACITY BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 10830073)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


TENACITY BUSINESS SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: D W Arora





REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 10830073 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

TENACITY BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 10830073)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30TH JUNE 2023

The director presents his report with the financial statements of the company for the year ended 30th June 2023.

DIRECTOR
D W Arora held office during the whole of the period from 1st July 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D W Arora - Director


5th March 2024

TENACITY BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 10830073)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,145 -

CURRENT ASSETS
Stocks 10,093 83,030
Debtors 5 59,220 34,998
Cash at bank 56,354 32,095
125,667 150,123
CREDITORS
Amounts falling due within one year 6 49,629 126,762
NET CURRENT ASSETS 76,038 23,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,183

23,361

CREDITORS
Amounts falling due after more than one
year

7

78,025

11,809
NET ASSETS 158 11,552

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 57 11,451
SHAREHOLDERS' FUNDS 158 11,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TENACITY BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 10830073)

BALANCE SHEET - continued
30TH JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th March 2024 and were signed by:





D W Arora - Director


TENACITY BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 10830073)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Tenacity Business Solutions 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.

2. ACCOUNTING POLICIES

Accounting convention
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.

Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 30 June 2023 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

TENACITY BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 10830073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,145
At 30th June 2023 2,145
NET BOOK VALUE
At 30th June 2023 2,145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,539 34,998
Other debtors 11,892 -
Directors' current accounts 12,843 -
VAT 1,579 -
Prepayments 7,367 -
59,220 34,998

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,615 3,856
Trade creditors - 20
Tax 30,608 23,838
Social security and other taxes 406 99
VAT - 3,023
Directors' current accounts - 164
Accruals and deferred income - 95,762
49,629 126,762

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 21,308 3,953
Bank loans - 2-5 years 56,717 7,856
78,025 11,809

TENACITY BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 10830073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2023 and 30th June 2022:

2023 2022
£    £   
D W Arora
Balance outstanding at start of year (616 ) 1,126
Amounts advanced 110,869 -
Amounts repaid (97,410 ) (1,742 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,843 (616 )