REGISTERED NUMBER: 05805884 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

10 INTERNATIONAL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

T C P Hancock

W G Rolfe

S W Rolfe

SECRETARY:

L Herbert

REGISTERED OFFICE:

The Lodge

Guildford Road Effingham

Leatherhead

Surrey

KT24 5PE

REGISTERED NUMBER:

05805884 (England and Wales)

ACCOUNTANTS:

Vista Partners Limited

Accountants and Tax Advisers

Chancery House

3 Hatchlands Road

Redhill

Surrey

RH1 6AA

FIXED ASSETS

Tangible assets

5

5,090

4,062

CURRENT ASSETS

Debtors

6

523,683

611,931

Cash at bank and in hand

704,499

454,385

1,228,182

1,066,316

CREDITORS

Amounts falling due within one year

7

860,614

719,414

NET CURRENT ASSETS

367,568

346,902

TOTAL ASSETS LESS CURRENT LIABILITIES

372,658

350,964

CAPITAL AND RESERVES

Called up share capital

260

260

Retained earnings

372,398

350,704

SHAREHOLDERS' FUNDS

372,658

350,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved and authorised for issue by the Board of Directors on 10 December 2018 and were signed on its behalf by:

S W Rolfe - Director

1.	STATUTORY INFORMATION

10 International Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The directors have considered the company's financial operating requirements for the forthcoming year and

expect the company will have sufficient cash reserves to meet those requirements and as a result they have

adopted the going concern basis of accounting.

Significant judgements and estimates

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the entity either as a lessor or a lessee are operating or lease or

finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have

been transferred from the lessor to the lessee on a lease by lease basis.

- Determine whether there are indicators of impairment of the entity's tangible assets. Factors taken into

consideration in reaching such a decision include the economic viability and expected future financial

performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected

future performance of that unit.

Other key sources of estimation uncertainty

Tangible fixed assets

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where

appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on

a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and

maintenance programmes are taken into account. Residual value assessments consider issues such as future

market conditions, the remaining life of the asset and projected disposal values.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership

have transferred to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments

Basic financial instruments are recognised at amortised cost. Financial liabilities and equity instruments are

classified according to the substance of the contractual arrangements entered into. An equity instrument is any

contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position 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 year 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2017

15,330

Additions

2,997

At 31 May 2018

18,327

DEPRECIATION

At 1 June 2017

11,268

Charge for year

1,969

At 31 May 2018

13,237

NET BOOK VALUE

At 31 May 2018

5,090

At 31 May 2017

4,062

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

501,542

608,838

Other debtors

22,141

3,093

523,683

611,931

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

23

Trade creditors

688,031

510,044

Taxation and social security

21,116

30,735

Other creditors

151,467

178,612

860,614

719,414

8.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £9,000.

9.	RELATED PARTY DISCLOSURES

During the year the company paid consultancy fees of £106,604 (2017: £121,913) to a director of the company.