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REGISTERED NUMBER: SC369924 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Ten Live Limited
Ten Live Limited (Registered number: SC369924)






Contents of the Financial Statements
for the Year Ended 31 March 2026




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ten Live Limited

Company Information
for the Year Ended 31 March 2026







DIRECTORS: G Telfer
Mrs J Telfer
E Telfer
Miss O Telfer



SECRETARY: G Telfer



REGISTERED OFFICE: Atrium Business Centre
North Caldeen Road
Coatbridge
Lanarkshire
ML5 4EF



REGISTERED NUMBER: SC369924 (Scotland)



ACCOUNTANTS: Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY



BANKERS: Royal Bank of Scotland
80 Main Street
Coatbridge
Lanarkshire
ML5 3AJ
Page 1
Ten Live Limited (Registered number: SC369924)

Balance Sheet
31 March 2026

31.3.26 31.3.25
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,522 64,776

CURRENT ASSETS
Stocks 143,802 243,142
Debtors 5 1,274,204 947,564
Cash at bank 125,230 14,515
1,543,236 1,205,221
CREDITORS
Amounts falling due within one year 6 1,059,374 768,222
NET CURRENT ASSETS 483,862 436,999
TOTAL ASSETS LESS CURRENT
LIABILITIES
541,384
501,775

CREDITORS
Amounts falling due after more than one
year
7
46,997
64,995
NET ASSETS 494,387 436,780

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 494,287 436,680
SHAREHOLDERS' FUNDS 494,387 436,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 May 2026 and were signed on its behalf by:



G Telfer - Director



Mrs J Telfer - Director


The notes form part of these financial statements

Page 2
Ten Live Limited (Registered number: SC369924)

Notes to the Financial Statements
for the Year Ended 31 March 2026

1. STATUTORY INFORMATION

Ten Live Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 119 (2025 - 116 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2025 38,481 101,878 16,556 156,915
Additions 7,400 - 2,407 9,807
At 31 March 2026 45,881 101,878 18,963 166,722
DEPRECIATION
At 1 April 2025 29,148 48,174 14,817 92,139
Charge for year 2,792 13,426 843 17,061
At 31 March 2026 31,940 61,600 15,660 109,200
NET BOOK VALUE
At 31 March 2026 13,941 40,278 3,303 57,522
At 31 March 2025 9,333 53,704 1,739 64,776

Page 3 continued...
Ten Live Limited (Registered number: SC369924)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2026

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.26 31.3.25
£    £   
Trade debtors 1,061,152 769,512
Other debtors 132,778 132,778
Inter company loan 77,861 42,861
Prepayments 2,413 2,413
1,274,204 947,564

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.26 31.3.25
£    £   
Hire purchase contracts 7,998 7,998
Trade creditors 1,635 1,150
Tax 71,837 59,397
Social security and other taxes 136,627 101,872
VAT 258,302 184,498
Other creditors 69,914 63,670
Invoice Finance 405,155 254,900
Pension fund 6,720 7,929
Directors' current accounts 2 268
Accrued expenses 101,184 86,540
1,059,374 768,222

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.26 31.3.25
£    £   
Bank loans - 2-5 years 31,667 41,667
Hire purchase contracts 15,330 23,328
46,997 64,995

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.26 31.3.25
£    £   
Invoice Finance 405,155 254,900

The Invoice Finance facility is secured by a bond and floating charge over the company's assets.

Page 4 continued...
Ten Live Limited (Registered number: SC369924)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2026

9. RELATED PARTY DISCLOSURES

Gary & Joanne Telfer are also directors of First Foot Management Services Limited and Ten Live International Limited.

At 31st March 2026 the company had an inter-company loan balance outstanding from First Foot Management Services Limited of £20,083 (2025 - £20,083). The loans are interest-free and have no fixed terms of repayments.

The company paid venture fees of £96,000 (2025 - £96,000) during the year to First Foot Management Services Limited.

At 31st March 2026 the company had an inter-company loan balance outstanding from Ten Live International Limited of £6,000 (2025 - £7,000). The loans are interest-free and have no fixed terms of repayments.

In addition, Gary & Joanne Telfer are also directors of The Jacobite Spirit Company Limited.

At 31st March 2026 the company had an inter-company loan balance outstanding from The Jacobite Spirit Company Limited of £51,778 (2025 - £15,778). The loans are interest-free and have no fixed terms of repayments.

Page 5