REGISTERED NUMBER: OC364239 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TENSOR TIME AND ENERGY LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Mr N Smith

Mr A Smith

Tensor Plc

REGISTERED OFFICE:

Hail Weston House

Kimbolton Road

Hail Weston

St Neots

Cambridgeshire

PE19 5JY

REGISTERED NUMBER:

OC364239 (England and Wales)

AUDITORS:

FKCA Limited

Statutory Auditor

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

5

239,385

185,310

CURRENT ASSETS

Stocks

6

929,669

1,150,839

Debtors

7

2,347,584

1,798,151

Cash at bank and in hand

215,593

593,197

3,492,846

3,542,187

CREDITORS

Amounts falling due within one year

8

3,536,263

3,632,508

NET CURRENT LIABILITIES

(43,417

)

(90,321

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

195,968

94,989

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

195,968

94,989

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

195,968

94,989

Amounts due from members

7

-

(13,271

)

195,968

81,718

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 14 January 2026 and were signed by:

Mr N Smith - Designated member

1.	STATUTORY INFORMATION

Tensor Time and Energy LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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

2.	STATEMENT OF COMPLIANCE

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities and under the historical cost convention.

The prior year accounting period was shortened to 10 months to cover the period 1 June 2022 to 31 March 2023,therefore the comparatives are not entirely comparative.

The designated members' consider that there are no material uncertainties about the limited liability partnership's ability to continue as a going concern.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. The company recognises a sale of goods on delivery of satisfactory completion of the installation at the point at which the risks and rewards of ownership of the goods pass from the Company to the customer and the Company has no further obligations to the customer. Turnover in respect of maintenance contracts is recognised on a straight line basis over the life of the contract. Amounts deferred, relating to the next financial year, are recognised within other creditors.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life)..

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Motor Vehicles - 25% on reducing balance

Depreciation has not been charged on improvements to property as the asset has been assessed to be at the residual value as described above.

Stocks

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

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 102 Financial Instruments: Disclosure and Presentation. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' others interests'.

4.	EMPLOYEE INFORMATION

The average number of employees, including members with contracts of employment, during the year was NIL (2024 - 6 ).

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

45,206

51,426

184,996

281,628

Additions

-

-

102,000

102,000

At 31 March 2025

45,206

51,426

286,996

383,628

DEPRECIATION

At 1 April 2024

10,934

24,780

60,604

96,318

Charge for year

918

6,256

40,751

47,925

At 31 March 2025

11,852

31,036

101,355

144,243

NET BOOK VALUE

At 31 March 2025

33,354

20,390

185,641

239,385

At 31 March 2024

34,272

26,646

124,392

185,310

6.

STOCKS

2025

2024

as restated

£

£

Stocks

924,669

1,145,839

Work-in-progress

5,000

5,000

929,669

1,150,839

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

1,302,693

1,663,056

Amounts due from members

-

13,271

Other debtors

942,061

40,466

VAT Debtor

74,979

-

Prepayments and accrued income

27,851

81,358

2,347,584

1,798,151

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

92,472

256,863

VAT

-

4,577

Other creditors

3,434,827

3,362,068

Accruals and deferred income

8,964

9,000

3,536,263

3,632,508

9.	SECURED DEBTS

Bank loans of the Tensor group are secured by fixed and floating charges over the fixed and current assets of Tensor PLC, Tensor Systems Limited and Tensor Time and Energy LLP. The total value of the security at the balance sheet date for the group totalled £750,000.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up this debt would rank equally with unsecured other creditors. In such an event, there is no legally enforceable protection, which cannot be revoked solely by a decision of the members, afforded to other creditors. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Stephen Mason BSc FCA (Senior Statutory Auditor)

for and on behalf of FKCA Limited

12.	RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity

2025

2024

£

£

Payroll recharged

2,888,190

3,039,130

Amounts owed to related party

2,312,053

2,057,227

Other related parties

2025

2024

£

£

Amounts owed from related party

902,097

23,331

All related party loans are interest free and have no fixed date of repayment.

The freehold property which the company operates is owned by a designated member. No rent was charged for the freehold building during the current or prior year.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N Smith.