Company Registration No. 07181627 (England and Wales)
Tendertheory Limited
Unaudited accounts
for the year ended 31 December 2023
Tendertheory Limited
Unaudited accounts
Contents
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
Tendertheory Limited
Statement of financial position
as at 31 December 2023
Intangible assets
1,060
1,856
Tangible assets
4,144
3,711
Investments
773,425
773,425
Inventories
325,849
340,060
Cash at bank and in hand
58,385
60,107
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)
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
Tendertheory Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
There was a net deficiency of assets at the period end however the directors have confirmed continued support for the foreseeable future.
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 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
Tendertheory Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
Other
Total
At 1 January 2023
252,000
8,832
260,832
At 31 December 2023
252,000
8,832
260,832
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
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
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
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
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
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
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
Loans from directors
2,408,212
2,291,212
9
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Advances
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).