Company Registration No. 05546307 (England and Wales)
Terno Ltd
Unaudited accounts
for the year ended 31 August 2025
Terno Ltd
Unaudited accounts
Contents
Terno Ltd
Company Information
for the year ended 31 August 2025
Directors
Iain Glass
Barbora Glass
Company Number
05546307 (England and Wales)
Registered Office
Stapeley House
London Road, Stapeley
Nantwich
Cheshire
CW5 7JW
Accountants
Watts Wender Morton
6 North View
Hardwick
Aylesbury
Bucks
HP22 4EB
Terno Ltd
Statement of financial position
as at 31 August 2025
Cash at bank and in hand
156,936
195,360
Creditors: amounts falling due within one year
(33,329)
(52,376)
Net current assets
136,221
154,984
Total assets less current liabilities
136,657
155,277
Creditors: amounts falling due after more than one year
-
(7,809)
Net assets
136,657
147,468
Called up share capital
200
200
Profit and loss account
136,457
147,268
Shareholders' funds
136,657
147,468
For the year ending 31 August 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 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 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 of Directors and authorised for issue on 30 May 2026 and were signed on its behalf by
Iain Glass
Director
Company Registration No. 05546307
Terno Ltd
Notes to the Accounts
for the year ended 31 August 2025
Terno Ltd is a private company, limited by shares, registered in England and Wales, registration number 05546307. The registered office is Stapeley House, London Road, Stapeley, Nantwich, Cheshire, CW5 7JW.
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 year, 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.
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:
Plant & machinery
Reducing Balance method at 25% per annum
Computer equipment
Reducing Balance method at 25% per annum
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2024
650
3,893
4,543
At 31 August 2025
650
4,182
4,832
At 1 September 2024
535
3,715
4,250
Charge for the year
29
117
146
At 31 August 2025
564
3,832
4,396
At 31 August 2025
86
350
436
At 31 August 2024
115
178
293
Terno Ltd
Notes to the Accounts
for the year ended 31 August 2025
Amounts falling due within one year
Trade debtors
12,000
12,000
Accrued income and prepayments
614
-
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
7,860
10,316
Taxes and social security
22,026
28,743
Loans from directors
69
9,082
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).