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Registered number: 11653258
Tempus Intl Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Praddy Financial Consultancy Ltd
Chartered Management Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11653258
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 138,494 172,261
138,494 172,261
CURRENT ASSETS
Debtors 5 151,257 19,740
Cash at bank and in hand 111,274 33,396
262,531 53,136
Creditors: Amounts Falling Due Within One Year 6 (370,637 ) (250,007 )
NET CURRENT ASSETS (LIABILITIES) (108,106 ) (196,871 )
TOTAL ASSETS LESS CURRENT LIABILITIES 30,388 (24,610 )
NET ASSETS/(LIABILITIES) 30,388 (24,610 )
CAPITAL AND RESERVES
Called up share capital 7 78,282 1,360
Share premium account 549,450 549,450
Profit and Loss Account (597,344 ) (575,420 )
SHAREHOLDERS' FUNDS 30,388 (24,610)
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ahmad Walid
Director
30/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tempus Intl Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11653258 . The registered office is Flat E, 15 Lancaster Gate, Paddington, London, W2 3LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% RB
Fixtures & Fittings 25% RB
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 171,650 132,757 304,407
As at 31 October 2023 171,650 132,757 304,407
Depreciation
As at 1 November 2022 49,779 82,367 132,146
Provided during the period 17,900 15,867 33,767
As at 31 October 2023 67,679 98,234 165,913
Net Book Value
As at 31 October 2023 103,971 34,523 138,494
As at 1 November 2022 121,871 50,390 172,261
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 69,519 -
Other debtors 19,740 19,740
VAT 61,998 -
151,257 19,740
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 161,378 112,753
VAT - 12,676
Net wages 1,687 -
Paye Control Account (750 ) 27,483
Pension control account 3,867 2,388
Other creditors (2) 30,389 -
Accruals and deferred income 174,066 94,707
370,637 250,007
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 78,282 1,360
Page 4