TUNGSTEN CORPORATE SOLUTIONS LIMITED


Directors	Michelle Perkins
	David Johannes Scheeres
	Darren James Talbot


Registered Address	Cardiff Arms Park
	Westgate Street
	Cardiff
	CF10 1JA


Registered Number	10903600 (England and Wales)

Statement of Financial Position
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		17,250		70,851
Tangible assets	4		5,496		11,312
			22,746		82,163
Current assets
Stocks	5	85,000		15,000
Debtors	6	1,121,652		1,283,214
Cash at bank and on hand		26,613		7,508
		1,233,265		1,305,722
Creditors amounts falling due within one year	7	(667,248)		(664,949)
Net current assets (liabilities)			566,017		640,773
Total assets less current liabilities			588,763		722,936
Creditors amounts falling due after one year	8		(391,792)		(165,889)
Provisions for liabilities	9		(1,375)		(3,049)
Net assets			195,596		553,998
Capital and reserves
Called up share capital			100		100
Profit and loss account			195,496		553,898
Shareholders' funds			195,596		553,998

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 April 2026, and are signed on its behalf by:

Darren James Talbot
Director
Registered Company No. 10903600

TUNGSTEN CORPORATE SOLUTIONS LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill is amortised over five years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	4

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	13		15

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 August 24	268,004	268,004
At 31 July 25	268,004	268,004
Amortisation and impairment
At 01 August 24	197,153	197,153
Charge for year	53,601	53,601
At 31 July 25	250,754	250,754
Net book value
At 31 July 25	17,250	17,250
At 31 July 24	70,851	70,851

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 August 24	49,808	49,808
At 31 July 25	49,808	49,808
Depreciation and impairment
At 01 August 24	38,496	38,496
Charge for year	5,816	5,816
At 31 July 25	44,312	44,312
Net book value
At 31 July 25	5,496	5,496
At 31 July 24	11,312	11,312

5.	Stocks

	2025	2024
	£	£
Work in progress	85,000	15,000
Total	85,000	15,000

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	321,452	198,579
Amounts owed by associates and joint ventures / participating interests	609,144	606,095
Other debtors	26,853	285,810
Prepayments and accrued income	164,203	192,730
Total	1,121,652	1,283,214

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	155,671	93,580
Bank borrowings and overdrafts	180,311	149,334
Amounts owed to related parties	28	28
Taxation and social security	272,290	275,905
Finance lease and HP contracts	-	1,835
Other creditors	58,948	144,267
Total	667,248	664,949


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	266,280	165,889
Other creditors	125,512	-
Total	391,792	165,889

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	1,375	3,049
Total	1,375	3,049