IRIS Accounts Production v24.3.2.46 02018267 Board of Directors 1.5.23 30.4.24 30.4.24 true false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020182672023-04-30020182672024-04-30020182672023-05-012024-04-30020182672022-04-30020182672022-05-012023-04-30020182672023-04-3002018267ns15:EnglandWales2023-05-012024-04-3002018267ns14:PoundSterling2023-05-012024-04-3002018267ns10:Director12023-05-012024-04-3002018267ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3002018267ns10:SmallEntities2023-05-012024-04-3002018267ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3002018267ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3002018267ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3002018267ns10:FullAccounts2023-05-012024-04-300201826712023-05-012024-04-3002018267ns10:Director22023-05-012024-04-3002018267ns10:Director32023-05-012024-04-3002018267ns10:Director42023-05-012024-04-3002018267ns10:Director52023-05-012024-04-3002018267ns10:Director62023-05-012024-04-3002018267ns10:Director72023-05-012024-04-3002018267ns10:Director82023-05-012024-04-3002018267ns10:CompanySecretary12023-05-012024-04-3002018267ns10:RegisteredOffice2023-05-012024-04-3002018267ns5:CurrentFinancialInstruments2024-04-3002018267ns5:CurrentFinancialInstruments2023-04-3002018267ns5:ShareCapital2024-04-3002018267ns5:ShareCapital2023-04-3002018267ns5:SharePremium2024-04-3002018267ns5:SharePremium2023-04-3002018267ns5:RevaluationReserve2024-04-3002018267ns5:RevaluationReserve2023-04-3002018267ns5:CapitalRedemptionReserve2024-04-3002018267ns5:CapitalRedemptionReserve2023-04-3002018267ns5:FurtherSpecificReserve1ComponentTotalEquity2024-04-3002018267ns5:FurtherSpecificReserve1ComponentTotalEquity2023-04-3002018267ns5:RetainedEarningsAccumulatedLosses2024-04-3002018267ns5:RetainedEarningsAccumulatedLosses2023-04-3002018267ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3002018267ns5:ComputerSoftware2023-05-012024-04-3002018267ns5:PlantMachinery2023-05-012024-04-3002018267ns5:IntangibleAssetsOtherThanGoodwill2024-04-3002018267ns5:PlantMachinery2023-04-3002018267ns5:FurnitureFittings2023-04-3002018267ns5:ComputerEquipment2023-04-3002018267ns5:FurnitureFittings2023-05-012024-04-3002018267ns5:ComputerEquipment2023-05-012024-04-3002018267ns5:PlantMachinery2024-04-3002018267ns5:FurnitureFittings2024-04-3002018267ns5:ComputerEquipment2024-04-3002018267ns5:PlantMachinery2023-04-3002018267ns5:FurnitureFittings2023-04-3002018267ns5:ComputerEquipment2023-04-3002018267ns5:CostValuation2023-04-3002018267ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3002018267ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3002018267ns5:RevaluationReserve2023-04-30
REGISTERED NUMBER: 02018267 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

TENSION TECHNOLOGY INTERNATIONAL LIMITED

TENSION TECHNOLOGY INTERNATIONAL LIMITED (REGISTERED NUMBER: 02018267)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TENSION TECHNOLOGY INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S J Banfield
Professor R E Hobbs
Dr A T Ractliffe
M A Delaney
N O'Hear
J F Flory
K Black
Mrs D Banfield





SECRETARY: Mrs D Banfield





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 02018267 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

TENSION TECHNOLOGY INTERNATIONAL LIMITED (REGISTERED NUMBER: 02018267)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 31,657 -
Tangible assets 5 3,527 4,703
Investments 6 17,650 17,650
Investment property 7 1,350,000 1,350,000
1,402,834 1,372,353

CURRENT ASSETS
Debtors 8 878,065 663,629
Cash at bank 2,827,256 2,370,837
3,705,321 3,034,466
CREDITORS
Amounts falling due within one year 9 (1,097,688 ) (539,772 )
NET CURRENT ASSETS 2,607,633 2,494,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,010,467

3,867,047

PROVISIONS FOR LIABILITIES (121,000 ) -
NET ASSETS 3,889,467 3,867,047

CAPITAL AND RESERVES
Called up share capital 6,763 7,207
Share premium 99,705 97,745
Revaluation reserve 10 685,697 685,697
Capital redemption reserve 2,261 1,777
Other reserves 3,883 3,883
Retained earnings 3,091,158 3,070,738
SHAREHOLDERS' FUNDS 3,889,467 3,867,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TENSION TECHNOLOGY INTERNATIONAL LIMITED (REGISTERED NUMBER: 02018267)

BALANCE SHEET - continued
30 APRIL 2024


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 Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





S J Banfield - Director


TENSION TECHNOLOGY INTERNATIONAL LIMITED (REGISTERED NUMBER: 02018267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Tension Technology International 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on reducing balance and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

TENSION TECHNOLOGY INTERNATIONAL LIMITED (REGISTERED NUMBER: 02018267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 31,657
At 30 April 2024 31,657
NET BOOK VALUE
At 30 April 2024 31,657

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 41,393 29,074 101,100 171,567
DEPRECIATION
At 1 May 2023 41,393 24,371 101,100 166,864
Charge for year - 1,176 - 1,176
At 30 April 2024 41,393 25,547 101,100 168,040
NET BOOK VALUE
At 30 April 2024 - 3,527 - 3,527
At 30 April 2023 - 4,703 - 4,703

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 17,650
NET BOOK VALUE
At 30 April 2024 17,650
At 30 April 2023 17,650

TENSION TECHNOLOGY INTERNATIONAL LIMITED (REGISTERED NUMBER: 02018267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,350,000
NET BOOK VALUE
At 30 April 2024 1,350,000
At 30 April 2023 1,350,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2020 285,906
Valuation in 2021 79,601
Valuation in 2022 320,190
Cost 664,303
1,350,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 634,493 634,493

Investment property was valued on an open market basis on 30 April 2024 by the directors .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 798,271 590,118
Other debtors 79,794 73,511
878,065 663,629

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 611,401 422,206
Taxation and social security 101,048 108,490
Other creditors 385,239 9,076
1,097,688 539,772

10. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 685,697