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REGISTERED NUMBER: 07814765 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Tenacore UK Limited

Tenacore UK Limited (Registered number: 07814765)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Tenacore UK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: R W Banks





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 07814765 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

Tenacore UK Limited (Registered number: 07814765)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,432 3,008

CURRENT ASSETS
Stocks 5 196,289 168,060
Debtors 6 414,834 424,288
Cash at bank 15,515 47,938
626,638 640,286
CREDITORS
Amounts falling due within one year 7 403,223 431,924
NET CURRENT ASSETS 223,415 208,362
TOTAL ASSETS LESS CURRENT LIABILITIES 230,847 211,370

CREDITORS
Amounts falling due after more than one year 8 (4,940 ) (89,832 )

PROVISIONS FOR LIABILITIES (1,613 ) (475 )
NET ASSETS 224,294 121,063

CAPITAL AND RESERVES
Called up share capital 9 150 150
Capital redemption reserve 850 850
Retained earnings 223,294 120,063
SHAREHOLDERS' FUNDS 224,294 121,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Tenacore UK Limited (Registered number: 07814765)

Statement of Financial Position - continued
31 December 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 director and authorised for issue on 8 May 2025 and were signed by:





R W Banks - Director


Tenacore UK Limited (Registered number: 07814765)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Tenacore UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measure reliably.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Fixtures and fittings - 20% reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

Tenacore UK Limited (Registered number: 07814765)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 2,836 12,014 14,850
Additions 2,021 4,191 6,212
At 31 December 2024 4,857 16,205 21,062
DEPRECIATION
At 1 January 2024 702 11,140 11,842
Charge for year 568 1,220 1,788
At 31 December 2024 1,270 12,360 13,630
NET BOOK VALUE
At 31 December 2024 3,587 3,845 7,432
At 31 December 2023 2,134 874 3,008

5. STOCKS
31.12.24 31.12.23
£    £   
Stock 196,289 168,060

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 189,068 165,387
Due from associated company 182,423 209,369
Other debtors 2,884 3,165
Directors' current accounts 22,862 27,500
Prepayments and accrued income 17,597 18,867
414,834 424,288

Tenacore UK Limited (Registered number: 07814765)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 9,446 9,229
Other loans 77,009 157,481
Trade creditors 124,198 127,940
Owed to participating interest - 11,072
Tax 68,133 37,507
Social security and other taxes 9,313 8,829
VAT 82,219 61,926
Other creditors 22,845 8,531
Pension 1,353 1,262
Accrued expenses 8,707 8,147
403,223 431,924

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-5 years 4,940 14,451
Other loans - 1-5 years - 75,381
4,940 89,832

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
150 Ordinary £1 150 150

10. RELATED PARTY DISCLOSURES

The amount outstanding at the year end due from Lose Big Holdings Limited, an associated company was, £4,787 (2023 - £2,067)

The amount outstanding at the year end due from Tenacore GMBH, an associated company was, £122,726 (2023 - £172,455)

The amount outstanding at the year end due to Lords of Aguacate Limited an associated company was £NIL (2023 - £11,072)

The amount outstanding at the year end due from Tenacore PTY, an associated company was, £54,910 (2023 - £34,847)

The amount outstanding from Mr R Banks was, £22,862 (2023 - £27,500).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Tenacore UK Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tenacore UK Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Tenacore UK Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tenacore UK Limited and state those matters that we have agreed to state to the director of Tenacore UK Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tenacore UK Limited and its director for our work or for this report.

It is your duty to ensure that Tenacore UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tenacore UK Limited. You consider that Tenacore UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tenacore UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


8 May 2025