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Registration number: 11486136

Tempus Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Tempus Services Limited

Contents

Company Information

1

Director's Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 10

 

Tempus Services Limited

Company Information

Director

Kimberley Gavin

Registered office

Gatcombe House
Copnor Road
Portsmouth
PO3 5EJ

 

Tempus Services Limited

Director's Report for the Year Ended 31 July 2023

The report and the financial statements for the year ended 31 July 2023.

Director of the company

The director who held office during the year was as follows:

Kimberley Gavin

Principal activity

The principal activity of the company is umbrella payroll services

Going concern

The accounts have been prepared on a going concern basis.

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 director on 29 February 2024
 

.........................................
Kimberley Gavin
Director

 

Tempus Services Limited

Profit and Loss Account for the Year Ended 31 July 2023

Note

2023
£

2022
£

Turnover

 

5,867,618

7,308,569

Cost of sales

 

(5,794,566)

(7,205,598)

Gross profit

 

73,052

102,971

Distribution costs

 

(21,584)

-

Administrative expenses

 

(29,902)

(84,797)

Operating profit

 

21,566

18,174

Profit before tax

21,566

18,174

Tax on profit

 

(4,250)

(271)

Profit for the financial year

 

17,316

17,903

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Tempus Services Limited

Statement of Comprehensive Income for the Year Ended 31 July 2023

2023
£

2022
£

Profit for the year

17,316

17,903

Total comprehensive income for the year

17,316

17,903

 

Tempus Services Limited

(Registration number: 11486136)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

133,966

391,197

Cash at bank and in hand

 

232,152

336,120

 

366,118

727,317

Creditors: Amounts falling due within one year

5

(343,848)

(722,363)

Net assets

 

22,270

4,954

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

22,269

4,953

Shareholders' funds

 

22,270

4,954

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 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 director on 29 February 2024
 

.........................................
Kimberley Gavin
Director

 

Tempus Services Limited

Statement of Changes in Equity for the Year Ended 31 July 2023

Share capital
£

Retained earnings
£

Total
£

At 1 August 2022

1

4,953

4,954

Profit for the year

-

17,316

17,316

At 31 July 2023

1

22,269

22,270

Share capital
£

Retained earnings
£

Total
£

At 1 August 2021

1

(12,950)

(12,949)

Profit for the year

-

17,903

17,903

At 31 July 2022

1

4,953

4,954

 

Tempus Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

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

The address of its registered office is:
Gatcombe House
Copnor Road
Portsmouth
PO3 5EJ

These financial statements were authorised for issue by the director on 29 February 2024.

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.

Going concern

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

 

Tempus Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements

There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have any significant effect on the amounts recognised in the financial statements.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year..

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. 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.

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.

Depreciation

Asset class

Depreciation method and rate

Computer Equipment

20% straight line

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.

 

Tempus Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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.

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 174 (2022 - 204).

4

Debtors

Current

2023
£

2022
£

Trade debtors

133,715

381,066

Prepayments

250

7,419

Other debtors

1

2,712

 

133,966

391,197

 

Tempus Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

16,501

10,638

Taxation and social security

239,799

536,509

Accruals and deferred income

19,302

18,552

Other creditors

68,246

156,664

343,848

722,363

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1