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Registration number: 05461479

Tenet Consultants Limited
Unaudited Financial Statements
for the Year Ended 31 May 2025

Tenet Consultants Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Financial Statements | 3 to 7

Tenet Consultants Limited

(Registration number: 05461479)
Statement of Financial Position as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 76,275 | 82,706
Current assets |  |  |
Debtors | 5 | 1,388,754 | 1,373,713
Cash at bank and in hand |  | 930,278 | 682,358
|  | 2,319,032 | 2,056,071
Creditors: Amounts falling due within one year | 6 | (1,528,966) | (1,293,660)
Net current assets |  | 790,066 | 762,411
Total assets less current liabilities |  | 866,341 | 845,117
Provisions for liabilities |  | (11,438) | (12,518)
Net assets |  | 854,903 | 832,599
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 854,803 | 832,499
Shareholders' funds |  | 854,903 | 832,599

Tenet Consultants Limited

(Registration number: 05461479)
Statement of Financial Position as at 31 May 2025

For the financial year ending 31 May 2025 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 and 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 Income Statement.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:

......................................... Mr M J Thirsk Director | ......................................... Mrs A Thirsk Director |

Tenet Consultants Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

1 | General information

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

The address of its registered office is:
401 Faraday Street
Birchwood Park
Warrington
Cheshire
WA3 6GA

These financial statements were authorised for issue by the Board on 29 September 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants receivable are released to the profit and loss account on the accruals basis.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tenet Consultants Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold Costs | Over the term of the lease
Fixtures and Fittings | 25% Straight Line
Bicycles | 1 - 2 Years Straight line
Computer Equipment | 33.33% Straight Line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Tenet Consultants Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 49 (2024 - 40).

4 | Tangible assets

| Fixtures and fittings £ | Leasehold property improvements £ | Office equipment £ | Bicycles £ | Total £
Cost or valuation
At 1 June 2024 | 90,234 | 24,868 | 216,618 | - | 331,720
Additions | 7,210 | - | 18,175 | 10,396 | 35,781
At 31 May 2025 | 97,444 | 24,868 | 234,793 | 10,396 | 367,501
Depreciation
At 1 June 2024 | 73,061 | 24,868 | 151,085 | - | 249,014
Charge for the year | 7,427 | - | 31,432 | 3,353 | 42,212
At 31 May 2025 | 80,488 | 24,868 | 182,517 | 3,353 | 291,226
Carrying amount
At 31 May 2025 | 16,956 | - | 52,276 | 7,043 | 76,275
At 31 May 2024 | 17,173 | - | 65,533 | - | 82,706

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 1,325,555 | 1,314,623
Prepayments | 63,199 | 59,090
| 1,388,754 | 1,373,713

Tenet Consultants Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 907,285 | 613,467
Taxation and social security | 570,796 | 629,652
Accruals and deferred income | 50,839 | 49,710
Other creditors | 46 | 831
| 1,528,966 | 1,293,660

Tenet Consultants Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

7 | Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £542,567 (2024 - £697,586). The company has a 5 year lease for its premises which was agreed and commenced 9 December 2023. There is an annual clause for a 12 month notice period.