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Company Registration No. 07181627 (England and Wales)
Tendertheory Limited Unaudited accounts for the year ended 31 December 2023
Tendertheory Limited Unaudited accounts Contents
Page
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Tendertheory Limited Company Information for the year ended 31 December 2023
Directors
Etan Johnathan Ilfeld Vicky Hartley
Company Number
07181627 (England and Wales)
Registered Office
19 Cecil Court London WC2N 4EZ GB
Accountants
Accountancy Solutions (Winchester) Limited Trafalgar House 223 Southampton Road Portchester Hampshire PO6 4PY
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Tendertheory Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,060 
1,856 
Tangible assets
4,144 
3,711 
Investments
773,425 
773,425 
778,629 
778,992 
Current assets
Inventories
325,849 
340,060 
Debtors
108,081 
80,094 
Cash at bank and in hand
58,385 
60,107 
492,315 
480,261 
Creditors: amounts falling due within one year
(2,625,387)
(2,579,142)
Net current liabilities
(2,133,072)
(2,098,881)
Total assets less current liabilities
(1,354,443)
(1,319,889)
Creditors: amounts falling due after more than one year
(25,978)
(24,031)
Net liabilities
(1,380,421)
(1,343,920)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,380,521)
(1,344,020)
Shareholders' funds
(1,380,421)
(1,343,920)
For the year ending 31 December 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by
Vicky Hartley Director Company Registration No. 07181627
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Tendertheory Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Tendertheory Limited is a private company, limited by shares, registered in England and Wales, registration number 07181627. The registered office is 19 Cecil Court, London, WC2N 4EZ, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
There was a net deficiency of assets at the period end however the directors have confirmed continued support for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over the life of the lease
Plant & machinery
3.33% Straight Line
Fixtures & fittings
20% Straight Line
Intangible fixed assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably
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Tendertheory Limited Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 January 2023
252,000 
8,832 
260,832 
At 31 December 2023
252,000 
8,832 
260,832 
Amortisation
At 1 January 2023
252,000 
6,976 
258,976 
Charge for the year
- 
796 
796 
At 31 December 2023
252,000 
7,772 
259,772 
Net book value
At 31 December 2023
- 
1,060 
1,060 
At 31 December 2022
- 
1,856 
1,856 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
3,710 
90,830 
28,587 
- 
123,127 
Additions
- 
- 
- 
1,397 
1,397 
At 31 December 2023
3,710 
90,830 
28,587 
1,397 
124,524 
Depreciation
At 1 January 2023
- 
90,829 
28,587 
- 
119,416 
Charge for the year
- 
- 
- 
964 
964 
At 31 December 2023
- 
90,829 
28,587 
964 
120,380 
Net book value
At 31 December 2023
3,710 
1 
- 
433 
4,144 
At 31 December 2022
3,710 
1 
- 
- 
3,711 
6
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 January 2023
1 
773,424 
773,425 
Valuation at 31 December 2023
1 
773,424 
773,425 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,039 
15,846 
Amounts due from group undertakings etc.
50,370 
50,370 
Accrued income and prepayments
13,116 
13,878 
Other debtors
(444)
- 
108,081 
80,094 
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Tendertheory Limited Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
10,648 
VAT
6,816 
20,121 
Trade creditors
117,679 
134,111 
Amounts owed to group undertakings and other participating interests
81,500 
112,500 
Taxes and social security
4,756 
3,359 
Other creditors
(1)
3,541 
Loans from directors
2,408,212 
2,291,212 
Accruals
6,425 
3,650 
2,625,387 
2,579,142 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,951 
23,186 
Other creditors
1,027 
845 
25,978 
24,031 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Etan Johnathan Ilfeld
Directors Advances
2,291,212 
- 
- 
2,291,212 
2,291,212 
- 
- 
2,291,212 
During the year the Directors entered into the following advances and credits with the Company
11
Average number of employees
During the year the average number of employees was 13 (2022: 13).
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