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REGISTERED NUMBER: 07092695 (England and Wales)















TOTAL TEMPERATURE MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023






TOTAL TEMPERATURE MANAGEMENT LTD (REGISTERED NUMBER: 07092695)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 8

TOTAL TEMPERATURE MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: J C Turner
A J Turner
D L Ogley
J Patel





SECRETARY: Kerry Secretarial Services Limited





REGISTERED OFFICE: Unit D & E Airport Executive Park
President Way
Luton
LU2 9NY





REGISTERED NUMBER: 07092695 (England and Wales)





ACCOUNTANTS: Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ

TOTAL TEMPERATURE MANAGEMENT LTD (REGISTERED NUMBER: 07092695)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,319,426 752,543
Investments 5 1,568,618 1,568,618
2,888,044 2,321,161

CURRENT ASSETS
Debtors 6 3,434,950 2,699,049
Cash at bank and in hand 74,737 19,851
3,509,687 2,718,900
CREDITORS
Amounts falling due within one year 7 3,965,490 3,271,786
NET CURRENT LIABILITIES (455,803 ) (552,886 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,432,241 1,768,275

CREDITORS
Amounts falling due after more than one year 8 (536,859 ) (207,747 )

PROVISIONS FOR LIABILITIES (306,673 ) (131,440 )
NET ASSETS 1,588,709 1,429,088

CAPITAL AND RESERVES
Called up share capital 225,000 225,000
Retained earnings 1,363,709 1,204,088
SHAREHOLDERS' FUNDS 1,588,709 1,429,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:




J Patel - Director


TOTAL TEMPERATURE MANAGEMENT LTD (REGISTERED NUMBER: 07092695)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Total Temperature Management Ltd 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. 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.

Going concern
The current economic conditions create uncertainty over (a) the level of demand for the company's services; and (b) the availability of bank and receivables finance for the foreseeable future. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future; taken to be 12 month from signing the financial statements.No material uncertainties that cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Total Temperature Management Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the net invoiced sale of goods and services. Turnover is recognised as goods and services are supplied. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other revenue taxes. Turnover arises wholly in the United Kingdom.

The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - at varying rates on cost
Plant and machinery etc - at varying rates on cost

All assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation. The cost of an asset initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

TOTAL TEMPERATURE MANAGEMENT LTD (REGISTERED NUMBER: 07092695)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
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 company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


TOTAL TEMPERATURE MANAGEMENT LTD (REGISTERED NUMBER: 07092695)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued
Government grants
Grants are recognised only when there is reasonable assurance that the company will comply with the conditions attached to them and that the grants will be received. Grants that are receivable as compensation for expenses already incurred are recognised in profit or loss in the period in which they become receivable.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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 balance sheet date.

Deferred tax
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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs
The company contributes into the personal retirement schemes of certain staff. Contributions by the company and staff are determined by mutual agreement.

From 1 April 2015, under the Pensions Act 2008, the company must put certain staff into a pension scheme and contribute towards it. This is called automatic enrolment. To comply with automatic enrolment laws, the company signed a participation agreement with a pension provider by which staff become members of an independently administered pension plan. The company and staff make contributions as specified in the plan.

Under the aforementioned schemes, staff contract directly with the pension company, and assets of those schemes are held separately from those of the company. The company acts as agent in collecting and paying over staff pension contributions. Once the contributions have been paid, the company as employer has no further obligations.

The company's contributions are charged to the profit and loss in the period to which they relate. At the reporting date, outstanding contributions amounted to £34,433 (2022: £25,700).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 168 (2022 - 120 ) .

TOTAL TEMPERATURE MANAGEMENT LTD (REGISTERED NUMBER: 07092695)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 June 2022 45,762 2,113,362 2,159,124
Additions 49,660 837,382 887,042
At 31 May 2023 95,422 2,950,744 3,046,166
DEPRECIATION
At 1 June 2022 13,335 1,393,246 1,406,581
Charge for year 9,140 311,019 320,159
At 31 May 2023 22,475 1,704,265 1,726,740
NET BOOK VALUE
At 31 May 2023 72,947 1,246,479 1,319,426
At 31 May 2022 32,427 720,116 752,543

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 June 2022 325,751
Additions 496,121
Transfer to ownership (43,200 )
At 31 May 2023 778,672
DEPRECIATION
At 1 June 2022 23,358
Charge for year 93,748
At 31 May 2023 117,106
NET BOOK VALUE
At 31 May 2023 661,566
At 31 May 2022 302,393

Certain assets are secured against the finance agreement concerned.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 June 2022
and 31 May 2023 1,568,618
NET BOOK VALUE
At 31 May 2023 1,568,618
At 31 May 2022 1,568,618

TOTAL TEMPERATURE MANAGEMENT LTD (REGISTERED NUMBER: 07092695)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£ £
Trade debtors 2,044,312 1,864,029
Amounts owed by group undertaking 74,035 73,000
Other debtors 1,316,603 762,020
3,434,950 2,699,049

Certain trade debtors are secured against the company's invoice finance facility.

Other debtors include rent deposits amounting to £258,636 (2022 - £78,540). The deposits are held under deed in deposit accounts, and are operated by the respective landlord as a guarantee for the return of the leasehold property at the end of the lease term.

Amounts owed by group undertaking is unsecured, is non-interest bearing, has no fixed terms of repayment and is considered payable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£ £
Bank loan 10,648 10,648
Hire purchase contracts 157,148 65,076
Trade creditors 1,852,909 1,246,921
Amounts owed to group undertaking 1,158,678 1,089,492
Taxation and social security 311,311 344,967
Other creditors 474,796 514,682
3,965,490 3,271,786

Certain trade creditors are secured against the value of goods concerned.

Amounts owed to group undertaking is unsecured, is non-interest bearing, has no fixed terms of repayment and is considered payable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£ £
Bank loan 20,099 29,845
Hire purchase contracts 516,760 177,902
536,859 207,747

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£ £
Hire purchase contracts 673,908 242,978
Receivable finance 910,306 486,938
1,584,214 729,916

The hire purchase contracts are secured over the equipment concerned.

The receivable finance is secured by a debenture over all of the company's assets; present and future.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TOTAL TEMPERATURE MANAGEMENT LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Total Temperature Management Ltd for the year ended 31 May 2023 which comprise the Profit and Loss account, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Total Temperature Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Total Temperature Management Ltd. You consider that Total Temperature Management Ltd 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 financial statements of Total Temperature Management Ltd. 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 financial statements.






Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ


13 February 2024