Registered number
03301534
Tennco Distribution Limited
Accounts
For the Year ended
30 April 2024
Business Management Services
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Tennco Distribution Limited
Registered number: 03301534
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 255 310
Current assets
Stocks 123,216 141,242
Debtors 4 156,483 113,898
Cash at bank and in hand 75,990 58,587
355,689 313,727
Creditors: amounts falling due within one year 5 (226,196) (191,303)
Net current assets 129,493 122,424
Net assets 129,748 122,734
Capital and reserves
Called up share capital 100 100
Profit and loss account 129,648 122,634
Shareholders' funds 129,748 122,734
The director is 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 director acknowledges his 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.
M J Smith
Director
Approved by the board on 9 October 2024
Tennco Distribution Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the services are provided.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Office equipment
£
Cost
At 1 May 2023 26,091
At 30 April 2024 26,091
Depreciation
At 1 May 2023 25,781
Charge for the year 55
At 30 April 2024 25,836
Net book value
At 30 April 2024 255
At 30 April 2023 310
4 Debtors 2024 2023
£ £
Trade debtors 154,483 111,898
Other debtors 2,000 2,000
156,483 113,898
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 212,127 172,437
Other taxes and social security costs 14,069 18,866
226,196 191,303
6 Controlling party
The company is controlled by the director who owns 51% of the issued share capital.
7 Other information
Tennco Distribution Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2 Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
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