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Company Registration No. 05546307 (England and Wales)
Terno Ltd Unaudited accounts for the year ended 31 August 2024
Terno Ltd Unaudited accounts Contents
Page
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Terno Ltd Company Information for the year ended 31 August 2024
Directors
Iain Glass Barbora Glass
Secretary
Jason Morton
Company Number
05546307 (England and Wales)
Registered Office
Stapeley House London Road, Stapeley Nantwich Cheshire CW5 7JW
Accountants
Watts Wender Morton 6 North View Hardwick Aylesbury Bucks HP22 4EB
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Terno Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
293 
391 
Current assets
Debtors
12,000 
45,062 
Cash at bank and in hand
195,360 
150,676 
207,360 
195,738 
Creditors: amounts falling due within one year
(52,376)
(42,110)
Net current assets
154,984 
153,628 
Total assets less current liabilities
155,277 
154,019 
Creditors: amounts falling due after more than one year
(7,809)
(18,123)
Net assets
147,468 
135,896 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
147,268 
135,696 
Shareholders' funds
147,468 
135,896 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2025 and were signed on its behalf by
Iain Glass Director Company Registration No. 05546307
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Terno Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Terno Ltd is a private company, limited by shares, registered in England and Wales, registration number 05546307. The registered office is Stapeley House, London Road, Stapeley, Nantwich, Cheshire, CW5 7JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing Balance method at 25% per annum
Computer equipment
Reducing Balance method at 25% per annum
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
650 
3,893 
4,543 
At 31 August 2024
650 
3,893 
4,543 
Depreciation
At 1 September 2023
496 
3,656 
4,152 
Charge for the year
39 
59 
98 
At 31 August 2024
535 
3,715 
4,250 
Net book value
At 31 August 2024
115 
178 
293 
At 31 August 2023
154 
237 
391 
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Terno Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,000 
9,828 
Accrued income and prepayments
- 
234 
Other debtors
- 
35,000 
12,000 
45,062 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,316 
10,017 
VAT
4,132 
3,854 
Taxes and social security
28,743 
17,520 
Loans from directors
9,082 
10,719 
Accruals
103 
- 
52,376 
42,110 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,809 
18,123 
8
Transactions with related parties
An interest free loan was made to a company in which the Directors are the sole shareholders. The company ceased trading and is unable to repay this to Terno Ltd
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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