Registered number
12534486
Tentenfifteen Limited
Unaudited Filleted Accounts
31 March 2024
Tentenfifteen Limited
Registered number: 12534486
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 833 1,244
Current assets
Debtors 4 56,341 45,074
Cash at bank and in hand 1,818 13,316
58,159 58,390
Creditors: amounts falling due within one year 5 (8,351) (11,095)
Net current assets 49,808 47,295
Total assets less current liabilities 50,641 48,539
Provisions for liabilities (159) (237)
Net assets 50,482 48,302
Capital and reserves
Called up share capital 100 100
Profit and loss account 50,382 48,202
Shareholders' funds 50,482 48,302
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
James Hookham
Director
Approved by the board on 12 September 2024
Tentenfifteen Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2023 1,821
At 31 March 2024 1,821
Depreciation
At 1 April 2023 577
Charge for the year 411
At 31 March 2024 988
Net book value
At 31 March 2024 833
At 31 March 2023 1,244
4 Debtors 2024 2023
£ £
Trade debtors 56,000 45,000
Other debtors 341 74
56,341 45,074
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors account 5,847 2,362
Trade creditors 608 534
Taxation and social security costs 1,058 8,199
Other creditors 838 -
8,351 11,095
6 Other information
Tentenfifteen Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit A Farriers Courtyard
Speldmonden Farm
Speldmonden Road
Goudhurst
TN17 1HE
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