1 August 2023 v2025.21.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP081340872023-08-012024-07-31081340872024-07-31081340872023-07-3108134087core:WithinOneYear2024-07-3108134087core:WithinOneYear2023-07-3108134087core:ShareCapital2024-07-3108134087core:ShareCapital2023-07-3108134087core:RetainedEarningsAccumulatedLosses2024-07-3108134087core:RetainedEarningsAccumulatedLosses2023-07-3108134087bus:Director12023-08-012024-07-3108134087bus:RegisteredOffice2023-08-012024-07-3108134087core:OfficeEquipment2023-08-012024-07-31081340872022-08-012023-07-3108134087core:PlantMachinery2023-08-0108134087core:PlantMachinery2023-08-012024-07-3108134087core:PlantMachinery2024-07-3108134087core:PlantMachinery2023-07-310813408712023-08-012024-07-3108134087countries:EnglandWales2023-08-012024-07-3108134087bus:AuditExemptWithAccountantsReport2023-08-012024-07-3108134087bus:PrivateLimitedCompanyLtd2023-08-012024-07-3108134087bus:SmallEntities2023-08-012024-07-3108134087bus:FullAccounts2023-08-012024-07-31
Company registration number:
08134087
Ten Intelligence Limited
Unaudited Filleted Financial Statements for the year ended
31 July 2024
Ten Intelligence Limited
Statement of Financial Position
31 July 2024
20242023
Note££
Fixed assets    
Tangible assets 5
8,311
 
10,886
 
Current assets    
Debtors 6
257,593
 
219,521
 
Cash at bank and in hand
67,688
 
155,389
 
325,281
 
374,910
 
Creditors: amounts falling due within one year 7
(138,248
)
(188,018
)
Net current assets
187,033
 
186,892
 
Total assets less current liabilities 195,344   197,778  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
195,244
 
197,678
 
Shareholders funds
195,344
 
197,778
 
For the year ending
31 July 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
17 April 2025
, and are signed on behalf of the board by:
Mr Neil Miller
Director
Company registration number:
08134087
Ten Intelligence Limited
Notes to the Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Suite 33
,
50 Churchill Square
,
West Malling
,
Kent
,
ME19 4YU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
12
(2023:
11
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 August 2023
32,233
 
Additions
1,498
 
Disposals
(6,867
)
At
31 July 2024
26,864
 
Depreciation  
At
1 August 2023
21,347
 
Charge
2,771
 
Disposals
(5,565
)
At
31 July 2024
18,553
 
Carrying amount  
At
31 July 2024
8,311
 
At 31 July 2023
10,886
 

6 Debtors

20242023
££
Trade debtors
247,582
 
214,739
 
Other debtors
10,011
 
4,782
 
257,593
 
219,521
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
17,423
 
28,178
 
Taxation and social security
37,451
 
64,894
 
Other creditors
83,374
 
94,946
 
138,248
 
188,018
 

8 Share capital

During the period, the company had ordinary share capital (£1 per share) of £100 Allotted, called up and fully paid (2023: £100).