Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false32023-05-01falseNo description of principal activity4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13872701 2023-05-01 2024-04-30 13872701 2022-01-26 2023-04-30 13872701 2024-04-30 13872701 2023-04-30 13872701 c:Director1 2023-05-01 2024-04-30 13872701 c:Director3 2023-05-01 2024-04-30 13872701 d:PlantMachinery 2023-05-01 2024-04-30 13872701 d:PlantMachinery 2024-04-30 13872701 d:PlantMachinery 2023-04-30 13872701 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13872701 d:MotorVehicles 2023-05-01 2024-04-30 13872701 d:MotorVehicles 2024-04-30 13872701 d:MotorVehicles 2023-04-30 13872701 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13872701 d:FurnitureFittings 2023-05-01 2024-04-30 13872701 d:FurnitureFittings 2024-04-30 13872701 d:FurnitureFittings 2023-04-30 13872701 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13872701 d:OfficeEquipment 2023-05-01 2024-04-30 13872701 d:OfficeEquipment 2024-04-30 13872701 d:OfficeEquipment 2023-04-30 13872701 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13872701 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13872701 d:CurrentFinancialInstruments 2024-04-30 13872701 d:CurrentFinancialInstruments 2023-04-30 13872701 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 13872701 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13872701 d:ShareCapital 2024-04-30 13872701 d:ShareCapital 2023-04-30 13872701 d:RetainedEarningsAccumulatedLosses 2024-04-30 13872701 d:RetainedEarningsAccumulatedLosses 2023-04-30 13872701 c:FRS102 2023-05-01 2024-04-30 13872701 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13872701 c:FullAccounts 2023-05-01 2024-04-30 13872701 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13872701 2 2023-05-01 2024-04-30 13872701 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 13872701










TESSEN SPORTS SERVICES LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
TESSEN SPORTS SERVICES LTD
REGISTERED NUMBER: 13872701

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,419
38,368

  
8,419
38,368

Current assets
  

Stocks
  
2,618
5,355

Debtors: amounts falling due within one year
 5 
79,472
93,474

Cash at bank and in hand
  
32,059
65,256

  
114,149
164,085

Creditors: amounts falling due within one year
 6 
(155,961)
(170,133)

Net current liabilities
  
 
 
(41,812)
 
 
(6,048)

Total assets less current liabilities
  
(33,393)
32,320

Provisions for liabilities
  

Deferred tax
  
-
(7,281)

  
 
 
-
 
 
(7,281)

Net (liabilities)/assets
  
(33,393)
25,039


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(33,493)
24,939

  
(33,393)
25,039


Page 1

 
TESSEN SPORTS SERVICES LTD
REGISTERED NUMBER: 13872701
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T Sands
K Theobald
Director
Director


Date: 30 January 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
TESSEN SPORTS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Tessen Sports Services Limited is a private company limited by shares and incorporated in England and Wales, registration number 13872701. The registered office is Unit 1 Claydon Business Park, Great Blakenham, Ipswich, United Kingdom, IP6 0NL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors believe the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. The directors have considered a period of twelve months from the date of approval of the financial statements. The directors believe no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements.

Page 3

 
TESSEN SPORTS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
TESSEN SPORTS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 5

 
TESSEN SPORTS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight line
Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
25%
Straight line
Office equipment
-
25%
Straight line

Page 6

 
TESSEN SPORTS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. 


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2023 - 3).

Page 7

 
TESSEN SPORTS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
279
43,386
-
3,474
47,139


Additions
-
5,469
102
1,659
7,230


Disposals
-
(43,386)
-
(950)
(44,336)



At 30 April 2024

279
5,469
102
4,183
10,033



Depreciation


At 1 May 2023
6
8,135
-
630
8,771


Charge for the year on owned assets
70
5,423
6
981
6,480


Disposals
-
(13,558)
-
(79)
(13,637)



At 30 April 2024

76
-
6
1,532
1,614



Net book value



At 30 April 2024
203
5,469
96
2,651
8,419



At 30 April 2023
273
35,251
-
2,844
38,368


5.


Debtors

2024
2023
£
£


Trade debtors
57,775
86,923

Other debtors
1,988
6,430

Prepayments and accrued income
19,709
121

79,472
93,474


Page 8

 
TESSEN SPORTS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
79,246
60,740

Corporation tax
-
1,801

Other taxation and social security
1,537
2,202

Other creditors
71,067
80,275

Accruals and deferred income
4,111
25,115

155,961
170,133



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,678 (2023: £1,108). Contributions totalling £159 (2023: £45) were payable to the fund at the reporting date and are included in creditors.

 
Page 9