Company No: 01820959 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	C F Fairthorne
	K R Harrison
	R S Smith
	D Wimsett

SECRETARIES	A S Harrison
	L E Smith

REGISTERED OFFICE	Unit 14 Lincoln Park Business
	Centre Lincoln Road
	Cressex Industrial Estate
	HP12 3RD
	United Kingdom

COMPANY NUMBER

01820959 (England and Wales)

ACCOUNTANT	S&W Partners (Thames Valley) Limited
	22 Wycombe End
	Beaconsfield
	Buckinghamshire
	HP9 1NB

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	1		1
Tangible assets	4	67,657		66,401
		67,658		66,402
Current assets
Debtors	5	900,108		1,219,862
Cash at bank and in hand		2,201,099		2,052,894
		3,101,207		3,272,756
Creditors: amounts falling due within one year	6	( 1,213,760)		( 1,152,150)
Net current assets		1,887,447		2,120,606
Total assets less current liabilities		1,955,105		2,187,008
Net assets		1,955,105		2,187,008
Capital and reserves
Called-up share capital	7	112		112
Other reserves		10		10
Profit and loss account		1,954,983		2,186,886
Total shareholders' funds		1,955,105		2,187,008

For the financial year ending 30 November 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Tencer Limited (registered number: 01820959) were approved and authorised for issue by the Board of Directors on 08 May 2026. They were signed on its behalf by:

C F Fairthorne Director		R S Smith Director
K R Harrison Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tencer Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 14 Lincoln Park Business, Centre Lincoln Road, Cressex Industrial Estate, HP12 3RD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Tencer Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Goodwill

Goodwill arises on a business combination and represents any excess of consideration given over fair value of the identifiable assets and liabilities acquired. It is written off on a straight line basis over its useful economic life of 5 years taking into account any provision for impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	25 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	15 % reducing balance
Office equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	60		60

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 December 2024	22,200		22,200
At 30 November 2025	22,200		22,200
Accumulated amortisation
At 01 December 2024	22,199		22,199
At 30 November 2025	22,199		22,199
Net book value
At 30 November 2025	1		1
At 30 November 2024	1		1

4. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 December 2024	6,000		182,783		7,332		107,423		303,538
Additions	0		20,300		0		907		21,207
Disposals	0		( 16,868)		0		0		( 16,868)
At 30 November 2025	6,000		186,215		7,332		108,330		307,877
Accumulated depreciation
At 01 December 2024	6,000		124,985		7,332		98,820		237,137
Charge for the financial year	0		14,876		0		1,364		16,240
Disposals	0		( 13,157)		0		0		( 13,157)
At 30 November 2025	6,000		126,704		7,332		100,184		240,220
Net book value
At 30 November 2025	0		59,511		0		8,146		67,657
At 30 November 2024	0		57,798		0		8,603		66,401

5. Debtors

	2025		2024
	£		£
Trade debtors	868,958		1,158,572
Amounts owed by directors	0		10,532
Prepayments and accrued income	26,364		45,972
Corporation tax	4,786		4,786
	900,108		1,219,862

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	245,327		236,925
Accruals	367,131		357,089
Corporation tax	222,430		216,879
Other taxation and social security	359,848		325,876
Other creditors	19,024		15,381
	1,213,760		1,152,150

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
103 Ordinary "A" shares of £ 1.00 each	103		103
9 Ordinary "B" shares of £ 1.00 each	9		9
	112		112

8. Financial commitments

Other financial commitments

	2025		2024
	£		£
The company's lease commitment on premises over the next 12 months	38,750		46,500

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Loans to Directors	0		10,532

10. Leasing Charges

The leasing charges relate to commercial vehicles over three years.