Tenetis Ltd 13779585 false 2023-05-31 2024-05-30 2024-05-30 The principal activity of the company is trading in automated load restraint systems. Digita Accounts Production Advanced 6.30.9574.0 true true 13779585 2023-05-31 2024-05-30 13779585 2024-05-30 13779585 bus:OrdinaryShareClass1 2024-05-30 13779585 core:CurrentFinancialInstruments 2024-05-30 13779585 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-30 13779585 core:OtherRelatedParties 2024-05-30 13779585 bus:SmallEntities 2023-05-31 2024-05-30 13779585 bus:AuditExemptWithAccountantsReport 2023-05-31 2024-05-30 13779585 bus:FilletedAccounts 2023-05-31 2024-05-30 13779585 bus:SmallCompaniesRegimeForAccounts 2023-05-31 2024-05-30 13779585 bus:RegisteredOffice 2023-05-31 2024-05-30 13779585 bus:Director1 2023-05-31 2024-05-30 13779585 bus:Director2 2023-05-31 2024-05-30 13779585 bus:OrdinaryShareClass1 2023-05-31 2024-05-30 13779585 bus:PrivateLimitedCompanyLtd 2023-05-31 2024-05-30 13779585 core:OtherRelatedParties 2023-05-31 2024-05-30 13779585 core:OtherRelatedParties core:RenderingOrReceivingServices 2023-05-31 2024-05-30 13779585 countries:EnglandWales 2023-05-31 2024-05-30 13779585 2021-12-03 2023-05-30 13779585 2023-05-30 13779585 bus:OrdinaryShareClass1 2023-05-30 13779585 core:CurrentFinancialInstruments 2023-05-30 13779585 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-30 13779585 core:OtherRelatedParties 2023-05-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13779585

Tenetis Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 May 2024

 

Tenetis Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Tenetis Ltd

(Registration number: 13779585)
Balance Sheet as at 30 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

50

50

Cash at bank and in hand

 

3,456

1,371

 

3,506

1,421

Creditors: Amounts falling due within one year

5

(14,824)

(12,824)

Net liabilities

 

(11,318)

(11,403)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(11,418)

(11,503)

Shareholders' deficit

 

(11,318)

(11,403)

For the financial year ending 30 May 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 February 2025 and signed on its behalf by:
 

.........................................
Mr A D K Curtis
Director

.........................................
Mr N Carter
Director

 
     
 

Tenetis Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor, Block C
The Wharf
Manchester Road
Burnley
Lancashire
BB11 1JG

These financial statements were authorised for issue by the Board on 19 February 2025.

2

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 company relies on the continuing support of the directors, and the directors have indicated that this support will continue. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

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.

 

Tenetis Ltd

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

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Other debtors

50

50

50

50

5

Creditors

2024
£

2023
£

Due within one year

Accruals and deferred income

350

350

Other creditors

14,474

12,474

14,824

12,824

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Tenetis Ltd

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

7

Related party transactions

Summary of transactions with other related parties

George Green (Keighley) Limited
Nicats Limited

 

Income and receivables from related parties

2024

Other related parties
£

Amounts receivable from related party

50

2023

Other related parties
£

Amounts receivable from related party

50

Expenditure with and payables to related parties

2024

Other related parties
£

Sundry expenditure

2,000

Amounts payable to related party

14,474

2023

Other related parties
£

Amounts payable to related party

12,474