Tended Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10732693

TENDED LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

TENDED LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

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OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	L Scott Smith
	A P Barrow
	M G Hurley
	K L Fyson
	A R Irvine
	J C Jackson
	R Wilcock

Company secretary	K L Fyson

Registered office	Boole Technology Centre
	Beevor Street
	Lincoln
	Lincolnshire
	England
	LN6 7DJ

Accountants	Streets LLP
	Chartered Accountants
	Tower House
	Lucy Tower Street
	Lincoln
	Lincolnshire
	LN1 1XW

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STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	79,041	151,051

Current assets

Stocks		127,010	162,497
Debtors	6	161,195	263,046
Cash at bank and in hand		442,228	77,382
		----------	----------
		730,433	502,925

Creditors: amounts falling due within one year	7	972,446	1,376,763
		----------	-------------
Net current liabilities		242,013	873,838
		----------	----------
Total assets less current liabilities		( 162,972)	( 722,787)

Creditors: amounts falling due after more than one year	8	239,174	483,585

Provisions	–	16,772
	----------	-------------
Net liabilities	( 402,146)	( 1,223,144)
	----------	-------------

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STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

	2026	2025
Note	£	£

Capital and reserves

Called up share capital	4,599	4,036
Share premium account	8,544,544	6,712,597
Other reserves	42,290	27,691
Profit and loss account	( 8,993,579)	( 7,967,468)
	-------------	-------------
Shareholders deficit	( 402,146)	( 1,223,144)
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2026 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 2 June 2026 , and are signed on behalf of the board by:

L Scott Smith

Director

Company registration number: 10732693

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NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Boole Technology Centre, Beevor Street, Lincoln, Lincolnshire, LN6 7DJ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company has reported a loss for the current financial year. In April 2025 the company was successful in receiving significant capital investment which has enabled it to continue to meet its liabilities as they fall due. The directors expect the company to be able to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements and therefore consider that the use of the going concern basis for their preparation remains appropriate.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from services rendered is recognised over the life of the contract and matched to the cost of the services provided and the depreciation of any physical goods made available pursuant to the contract. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Physical goods supplied as part of service contracts are depreciated over the expected useful life of the goods supplied where the useful life is the period prior to the goods becoming obsolete or no longer fit to be made available to customers as part of a service contract or the service has changed or is no longer provided such that the goods can no longer be used as is and may require reworking or disposal.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	s/line over 5 years
Equipment	-	Various rates used
Tooling	-	s/line over 18 months

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

Share-based payments

Equity-settled share-based payments to employees and others providing similar services are measured at the fair value of the equity instruments at the grant date. The fair value excludes the effect of non-market-based vesting conditions. Details regarding the determination of the fair value of equity-settled share-based transactions are set out in the notes.

The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the Company's estimate of equity instruments that will eventually vest unless the exercise period commences immediately following the grant date, in which case the entire fair value of the equity-settled share-based payment is expensed to the income statement. At each balance sheet date, the Company revises its estimate of the number of equity instruments expected to vest as a result of the effect of non-market-based vesting conditions. The impact of the revision of the original estimates, if any, is recognised in profit or loss such that the cumulative expense reflects the revised estimate, with a corresponding adjustment to equity reserves.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 29 (2025: 35 ).

5. Tangible assets

	Plant and machinery	Equipment	Tooling	Total
	£	£	£	£
Cost
At 1 April 2025	2,576	368,586	29,818	400,980
Additions	–	41,963	–	41,963
Disposals	–	( 2,202)	–	( 2,202)
	-------	----------	---------	----------
At 31 March 2026	2,576	408,347	29,818	440,741
	-------	----------	---------	----------
Depreciation
At 1 April 2025	1,610	218,501	29,818	249,929
Charge for the year	372	113,191	–	113,563
Disposals	–	( 1,792)	–	( 1,792)
	-------	----------	---------	----------
At 31 March 2026	1,982	329,900	29,818	361,700
	-------	----------	---------	----------
Carrying amount
At 31 March 2026	594	78,447	–	79,041
	-------	----------	---------	----------
At 31 March 2025	966	150,085	–	151,051
	-------	----------	---------	----------

6. Debtors

	2026	2025
	£	£
Trade debtors	73,552	140,682
Other debtors	87,643	122,364
	----------	----------
	161,195	263,046
	----------	----------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	239,032	259,597
Trade creditors	95,444	176,120
Social security and other taxes	137,108	291,881
Other creditors	500,862	649,165
	----------	-------------
	972,446	1,376,763
	----------	-------------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	239,174	461,015
Other creditors	–	22,570
	----------	----------
	239,174	483,585
	----------	----------

9. Related party transactions

No related party transactions subsisted during the period, such as are required to be disclosed under Financial Reporting Standard 102.

10. Controlling party

The company was under the control of its directors throughout the current and previous year.