Ten By Fifteen Structures Limited 06355382 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of the hire of temporary structures Digita Accounts Production Advanced 6.30.9574.0 true false true 06355382 2023-05-01 2024-04-30 06355382 2024-04-30 06355382 bus:OrdinaryShareClass1 2024-04-30 06355382 core:CurrentFinancialInstruments 2024-04-30 06355382 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 06355382 core:FurnitureFittingsToolsEquipment 2024-04-30 06355382 core:OtherPropertyPlantEquipment 2024-04-30 06355382 bus:SmallEntities 2023-05-01 2024-04-30 06355382 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06355382 bus:FilletedAccounts 2023-05-01 2024-04-30 06355382 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06355382 bus:RegisteredOffice 2023-05-01 2024-04-30 06355382 bus:Director1 2023-05-01 2024-04-30 06355382 bus:Director2 2023-05-01 2024-04-30 06355382 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 06355382 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06355382 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 06355382 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 06355382 core:PlantMachinery 2023-05-01 2024-04-30 06355382 1 2023-05-01 2024-04-30 06355382 countries:AllCountries 2023-05-01 2024-04-30 06355382 2023-04-30 06355382 core:FurnitureFittingsToolsEquipment 2023-04-30 06355382 core:OtherPropertyPlantEquipment 2023-04-30 06355382 2022-05-01 2023-04-30 06355382 2023-04-30 06355382 bus:OrdinaryShareClass1 2023-04-30 06355382 core:CurrentFinancialInstruments 2023-04-30 06355382 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 06355382 core:FurnitureFittingsToolsEquipment 2023-04-30 06355382 core:OtherPropertyPlantEquipment 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06355382

Ten By Fifteen Structures Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Ten By Fifteen Structures Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Ten By Fifteen Structures Limited

Company Information

Directors

Mr T E Bucknell

Mr T Basnett

Registered office

Creative House Station Road
Theale
Reading
RG7 4PD

Accountants

EJBC Chartered Accountants
2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

 

Ten By Fifteen Structures Limited

(Registration number: 06355382)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

601,480

550,249

Current assets

 

Debtors

895,488

829,960

Cash at bank and in hand

 

27,427

77,755

 

922,915

907,715

Creditors: Amounts falling due within one year

(429,868)

(464,810)

Net current assets

 

493,047

442,905

Total assets less current liabilities

 

1,094,527

993,154

Provisions for liabilities

(114,281)

(104,547)

Net assets

 

980,246

888,607

Capital and reserves

 

Called up share capital

4

150

150

Retained earnings

980,096

888,457

Shareholders' funds

 

980,246

888,607

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

 

Ten By Fifteen Structures Limited

(Registration number: 06355382)
Balance Sheet as at 30 April 2024

.........................................
Mr T E Bucknell
Director

.........................................
Mr T Basnett
Director

 

Ten By Fifteen Structures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Ten By Fifteen Structures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery etc

at variable rates on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Ten By Fifteen Structures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Ten By Fifteen Structures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

44,270

1,235,760

1,280,030

Additions

-

184,749

184,749

Disposals

-

(52,048)

(52,048)

At 30 April 2024

44,270

1,368,461

1,412,731

Depreciation

At 1 May 2023

40,774

689,007

729,781

Charge for the year

699

109,725

110,424

Eliminated on disposal

-

(28,954)

(28,954)

At 30 April 2024

41,473

769,778

811,251

Carrying amount

At 30 April 2024

2,797

598,683

601,480

At 30 April 2023

3,496

546,753

550,249

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

150

150

150

150

       

5

Parent and ultimate parent undertaking

The company's immediate parent is Creative Structures Group Limited, incorporated in England & Wales.

 The ultimate parent is CSG Global Limited, incorporated in England & Wales.