Company Registration No. 04914295 (England and Wales)
Tenacity Interiors Limited
Unaudited accounts
for the period from 1 January 2024 to 31 March 2025
Tenacity Interiors Limited
Unaudited accounts
Contents
Tenacity Interiors Limited
Company Information
for the period from 1 January 2024 to 31 March 2025
Company Number
04914295 (England and Wales)
Registered Office
13 The Close
Norwich
NR1 4DS
England
Accountants
JHW Azoth Ltd
13 The Close
Norwich
Norfolk
NR1 4DS
Tenacity Interiors Limited
Statement of financial position
as at 31 March 2025
Tangible assets
356,328
231,017
Cash at bank and in hand
54,875
68,468
Creditors: amounts falling due within one year
(112,562)
(139,899)
Net current assets/(liabilities)
79,616
(66,234)
Total assets less current liabilities
443,444
164,783
Creditors: amounts falling due after more than one year
(315,014)
(128,931)
Provisions for liabilities
Deferred tax
(16,230)
(20,039)
Revaluation reserve
148,895
-
Profit and loss account
(36,795)
15,713
Shareholders' funds
112,200
15,813
For the period ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 2 December 2025 and were signed on its behalf by
Steven Dawson
Director
Company Registration No. 04914295
Tenacity Interiors Limited
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025
Tenacity Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 04914295. The registered office is 13 The Close, Norwich, NR1 4DS, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tenacity Interiors Limited
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
Charge for the period
2,500
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At cost
At 1 January 2024
185,105
75,695
155,189
-
415,989
Additions
-
10,385
-
1,292
11,677
Revaluations
148,895
-
-
-
148,895
At 31 March 2025
334,000
86,080
155,189
1,292
576,561
At 1 January 2024
34,243
64,642
86,087
-
184,972
Charge for the period
8,350
5,313
21,594
4
35,261
At 31 March 2025
42,593
69,955
107,681
4
220,233
At 31 March 2025
291,407
16,125
47,508
1,288
356,328
At 31 December 2023
150,862
11,053
69,102
-
231,017
Tenacity Interiors Limited
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025
Amounts falling due within one year
Trade debtors
17,369
4,406
Accrued income and prepayments
46,150
-
7
Creditors: amounts falling due within one year
2025
2023
Bank loans and overdrafts
39,600
23,588
Obligations under finance leases and hire purchase contracts
12,183
14,721
Trade creditors
34,145
16,354
Taxes and social security
19,856
9,475
Loans from directors
-
22,158
8
Creditors: amounts falling due after more than one year
2025
2023
Obligations under finance leases and hire purchase contracts
31,582
44,270
9
Average number of employees
During the period the average number of employees was 0 (2023: 0).