Tetramass Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07676675

TETRAMASS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

TETRAMASS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	4,771	–
Tangible assets	6	82,164	104,505
		--------	---------
		86,935	104,505

CURRENT ASSETS

Stocks		168,862	146,952
Debtors	7	170,131	290,923
Cash at bank and in hand		245,037	254,949
		---------	---------
		584,030	692,824

CREDITORS: amounts falling due within one year	8	123,979		194,994
		---------		---------
NET CURRENT ASSETS			460,051		497,830
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			546,986		602,335

CREDITORS: amounts falling due after more than one year	9		–		11,182

PROVISIONS	3,142	7,616
	---------	---------
NET ASSETS	543,844	583,537
	---------	---------

CAPITAL AND RESERVES

Called up share capital fully paid	100	100
Profit and loss account	543,744	583,437
	---------	---------
SHAREHOLDERS FUNDS	543,844	583,537
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TETRAMASS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 2 December 2025 , and are signed on behalf of the board by:

Mr M L Gardner

Director

Company registration number: 07676675

TETRAMASS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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. 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.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website Development	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Improvements	-	15% reducing balance
Plant and Machinery	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Office Equipment	-	20% reducing balance and 33.33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Defined contribution plans

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. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 11 (2024: 10 ).

5. INTANGIBLE ASSETS

	Website development
	£
Cost
At 1 April 2024	6,460
Additions	5,200
	--------
At 31 March 2025	11,660
	--------
Amortisation
At 1 April 2024	6,460
Charge for the year	429
	--------
At 31 March 2025	6,889
	--------
Carrying amount
At 31 March 2025	4,771
	--------
At 31 March 2024	–
	--------

6. TANGIBLE ASSETS

	Long leasehold property	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	4,847	153,570	109,838	21,580	289,835
Transfers	–	( 1,250)	–	–	( 1,250)
	-------	---------	---------	--------	---------
At 31 March 2025	4,847	152,320	109,838	21,580	288,585
	-------	---------	---------	--------	---------
Depreciation
At 1 April 2024	3,935	109,993	57,044	14,358	185,330
Charge for the year	137	6,356	13,199	1,445	21,137
Transfers	–	( 46)	–	–	( 46)
	-------	---------	---------	--------	---------
At 31 March 2025	4,072	116,303	70,243	15,803	206,421
	-------	---------	---------	--------	---------
Carrying amount
At 31 March 2025	775	36,017	39,595	5,777	82,164
	-------	---------	---------	--------	---------
At 31 March 2024	912	43,577	52,794	7,222	104,505
	-------	---------	---------	--------	---------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	36,185	62,690
Amounts owed by group undertakings and undertakings in which the company has a participating interest	112,733	204,034
Other debtors	21,213	24,199
	---------	---------
	170,131	290,923
	---------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	78,718	95,104
Corporation tax	450	5,431
Social security and other taxes	25,698	59,069
Other creditors	19,113	35,390
	---------	---------
	123,979	194,994
	---------	---------

Included within other creditors are amounts totalling £11,182 (2024 - £17,872) relating to hire purchase agreements which are secured by the company.

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	–	11,182
	----	--------

Included within other creditors are amounts totalling £NIL (2024 - £11,182) relating to hire purchase agreements which are secured by the company.