Registered number
06758906
Tenbury International Ltd
Filleted Accounts
31 December 2024
Tenbury International Ltd
Registered number: 06758906
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 72,683 60,758
Current assets
Debtors 4 84,203 60,475
Cash at bank and in hand 301,438 301,084
385,641 361,559
Creditors: amounts falling due within one year 5 (73,482) (69,413)
Net current assets 312,159 292,146
Total assets less current liabilities 384,842 352,904
Provisions for liabilities (9,678) (5,650)
Net assets 375,164 347,254
Capital and reserves
Called up share capital 200 200
Share premium 16,500 16,500
Profit and loss account 358,464 330,554
Shareholders' funds 375,164 347,254
The directors are 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 directors acknowledge their 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.
L Wiltshire
Director
Approved by the board on 24 March 2025
Tenbury International Ltd
Notes to the Accounts
for the year ended 31 December 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, 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 25% straight line
IT equipment 50% straight line
Motor vehicles 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Office equipment IT equipment Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 30,371 12,770 78,571 121,712
Additions 6,192 1,416 27,189 34,797
Disposals - - (14,676) (14,676)
At 31 December 2024 36,563 14,186 91,084 141,833
Depreciation
At 1 January 2024 27,924 11,459 21,571 60,954
Charge for the year 2,414 2,019 18,439 22,872
On disposals - - (14,676) (14,676)
At 31 December 2024 30,338 13,478 25,334 69,150
Net book value
At 31 December 2024 6,225 708 65,750 72,683
At 31 December 2023 2,447 1,311 57,000 60,758
4 Debtors 2024 2023
£ £
Trade debtors 41,597 22,500
Other debtors 42,606 37,975
84,203 60,475
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 661 425
Taxation and social security costs 70,111 67,048
Other creditors 2,710 1,940
73,482 69,413
6 Related party transactions
During the year, dividends for a total amount of £114,000 were paid to shareholders who are directors of the company.
7 Controlling party
Tenbury Holding Ltd controls the company by virtue of its 75% shareholding. D Lasse, a director, controls Tenbury Holding Ltd by vitue of his 100% shareholding.
8 Other information
Tenbury International Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Brenchley House
School Road
Charing
Kent
TN27 0JW
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