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REGISTERED NUMBER: 07814765 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Tenacore UK Limited

Tenacore UK Limited (Registered number: 07814765)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Tenacore UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R W Banks





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 07814765 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

Tenacore UK Limited (Registered number: 07814765)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,008 2,546

CURRENT ASSETS
Stocks 5 168,060 202,175
Debtors 6 424,288 341,152
Cash at bank 47,938 30,306
640,286 573,633
CREDITORS
Amounts falling due within one year 7 431,924 336,075
NET CURRENT ASSETS 208,362 237,558
TOTAL ASSETS LESS CURRENT LIABILITIES 211,370 240,104

CREDITORS
Amounts falling due after more than one year 8 (89,832 ) (155,976 )

PROVISIONS FOR LIABILITIES (475 ) (242 )
NET ASSETS 121,063 83,886

CAPITAL AND RESERVES
Called up share capital 10 150 150
Capital redemption reserve 850 850
Retained earnings 120,063 82,886
SHAREHOLDERS' FUNDS 121,063 83,886

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 director and authorised for issue on 18 September 2024 and were signed by:





R W Banks - Director


Tenacore UK Limited (Registered number: 07814765)

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

1. STATUTORY INFORMATION

Tenacore UK 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.

There were no material departures from that standard.

Turnover
Turnover is measured at 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 revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measure reliably.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Fixtures and fittings - 20% reducing balance
Computer equipment - 33% 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 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.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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 for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Tenacore UK Limited (Registered number: 07814765)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 1,249 11,399 12,648
Additions 1,587 615 2,202
At 31 December 2023 2,836 12,014 14,850
DEPRECIATION
At 1 January 2023 339 9,763 10,102
Charge for year 363 1,377 1,740
At 31 December 2023 702 11,140 11,842
NET BOOK VALUE
At 31 December 2023 2,134 874 3,008
At 31 December 2022 910 1,636 2,546

5. STOCKS
31.12.23 31.12.22
£    £   
Stock 168,060 202,175

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 165,387 198,233
Due to associated company 209,369 140,565
Other debtors 3,165 1,730
Directors' current accounts 27,500 -
Prepayments and accrued income 18,867 624
424,288 341,152

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,229 9,356
Other loans 157,481 63,566
Trade creditors 127,940 132,040
Owed to participating interest 11,072 17,023
Tax 37,507 23,155
Social security and other taxes 8,829 8,083
VAT 61,926 59,230
Other creditors 8,531 7,169
Pension 1,262 1,180
Accrued expenses 8,147 15,273
431,924 336,075

Tenacore UK Limited (Registered number: 07814765)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-5 years 14,451 23,391
Other loans - 1-5 years 75,381 132,585
89,832 155,976

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year - 7,779

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
150 Ordinary £1 150 150

11. RELATED PARTY DISCLOSURES

The amount outstanding at the year end due from Lose Big Holdings Limited, an associated company was, £2,067 (2022 - £9,822)

The amount outstanding at the year end due from Tenacore GMBH, an associated company was, £172,455 (2022 - £130,742)

The amount outstanding at the year end due to Lords of Aguacate Limited an associated company was £11,072 (2022 - £17,023)

The amount outstanding at the year end due from Tenacore PTY, an associated company was, £34,847 (2022 - £Nil)

The amount outstanding from Mr R Banks was, £27,500 (2022 - £Nil).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Tenacore UK Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tenacore UK Limited for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Tenacore UK Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tenacore UK Limited and state those matters that we have agreed to state to the director of Tenacore UK Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tenacore UK Limited and its director for our work or for this report.

It is your duty to ensure that Tenacore UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tenacore UK Limited. You consider that Tenacore UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tenacore UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


18 September 2024