Registration number: 06203463

Ten 05 Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Balance Sheet	4
Notes to the Unaudited Financial Statements	5 to 11

Ten 05 Limited

Company Information

Directors

David Rainer Shoebridge Christopher Apps

Registered office

Crusader House, High Street, Buxted Uckfield East Sussex England TN22 4LA

Accountants

MG Audit Services Limited 166 College Road Harrow Middlesex HA1 1BH

Ten 05 Limited

Directors' Report for the Year Ended 29 September 2024

The directors present their report and the financial statements for the year ended 29 September 2024.

The comparative figures in these financial statements relate to the period from 31 March 2022 to 29 September 2023, which is longer than the current reporting period of 12 months. As a result, the financial performance for the current year may not be directly comparable to that of the prior period.

Directors of the company

The directors who held office during the year were as follows:

David Rainer Shoebridge

Christopher Apps

Keith Shoebridge (ceased 27 October 2023)

Principal activity
The principal activity of the company in the period under review was that of the renting, leasing and hire of commercial vehicles.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 November 2025 and signed on its behalf by:
 

......................................... David Rainer Shoebridge Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ten 05 Limited
for the Year Ended 29 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ten 05 Limited for the year ended 29 September 2024 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Ten 05 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ten 05 Limited and state those matters that we have agreed to state to the Board of Directors of Ten 05 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ten 05 Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ten 05 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ten 05 Limited. You consider that Ten 05 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ten 05 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MG Audit Services Limited
166 College Road
Harrow
Middlesex
HA1 1BH

28 November 2025

Ten 05 Limited

(Registration number: 06203463)
Balance Sheet as at 29 September 2024

	Note	2024 £	2023 £
Current assets
Stocks	5	-	75,303
Debtors	6	14,243	55,272
Cash at bank and in hand		77	348
		14,320	130,923
Creditors: Amounts falling due within one year	7	(18,045)	(152,864)
Total assets less current liabilities		(3,725)	(21,941)
Creditors: Amounts falling due after more than one year	7	-	(16,667)
Net liabilities		(3,725)	(38,608)
Capital and reserves
Called up share capital	9	375	375
Retained earnings		(4,100)	(38,983)
Shareholders' deficit		(3,725)	(38,608)

For the financial year ending 29 September 2024 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 28 November 2025 and signed on its behalf by:
 

......................................... David Rainer Shoebridge Director

Ten 05 Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Crusader House,
High Street,
Buxted
Uckfield
East Sussex
England
TN22 4LA
 

These financial statements were authorised for issue by the Board on 28 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Ten 05 Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for renting or leasing services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Ten 05 Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

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	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

Ten 05 Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

4	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 30 September 2023	322	33,774	34,096
Disposals	(322)	(33,774)	(34,096)
At 29 September 2024	-	-	-
Depreciation
At 30 September 2023	322	33,774	34,096
Eliminated on disposal	(322)	(33,774)	(34,096)
At 29 September 2024	-	-	-
Carrying amount
At 29 September 2024	-	-	-

5

Stocks

	2024 £	2023 £
Other inventories	-	75,303

6

Debtors

Current	2024 £	2023 £
Trade debtors	-	35,061
Other debtors	14,243	20,211
	14,243	55,272

Ten 05 Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	10,327	10,000
Trade creditors		-	129,788
Amounts owed to group undertakings	11	1,276	3,725
Taxation and social security		2,717	6,795
Accruals and deferred income		3,725	651
Other creditors		-	1,905
		18,045	152,864

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	-	16,667

Ten 05 Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	-	16,667

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,327	10,000

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary Share A of £1 each of £1 each	300	300	300	300
Ordinary Share B of £1 each of £1 each	75	75	75	75
	375	375	375	375

10

Dividends

The directors are recommending a final dividend of £Nil (2023 - £Nil) . This dividend has not been accrued in the balance sheet.

11	Related party transactions

Ten 05 Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	31.03.2022 to 29.09.2023 £
Remuneration	925	42,000

Vehicle Accessory Solutions Limited

A majority owned subsidiary of the parent company.

During the period, net intercompany loans of Nil (2023: £6,755) were provided to / from the related parties.

	2024 £	2023 £
Owed by/(from) group undertakings	1,276	3,725

12	Ultimate Controlling Party

The controlling party is Mr D Shoebridge, Mr K Shoebridge and Mrs L Shoebridge.

This was by virtue of their equal holding of the issued share capital in the holding company.