Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 12 September 2024 1 January 2023 31 December 2023 31 December 2023 SC429004 Mr Robert Paterson Mr Mark Rabey Mr Edward Paterson Mr Allister Fowler Mr Gavin Steven Mr Samuel James Mr Myron Taylor Mr Gerard Baxter Mr Glenn Ross Brooklands Education trust true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC429004 2022-12-31 SC429004 2023-12-31 SC429004 2023-01-01 2023-12-31 SC429004 frs-core:CurrentFinancialInstruments 2023-12-31 SC429004 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 SC429004 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 SC429004 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 SC429004 frs-core:PlantMachinery 2023-12-31 SC429004 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC429004 frs-core:PlantMachinery 2022-12-31 SC429004 frs-core:ShareCapital 2023-12-31 SC429004 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC429004 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC429004 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC429004 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC429004 frs-bus:Audited 2023-01-01 2023-12-31 SC429004 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC429004 1 2023-01-01 2023-12-31 SC429004 frs-bus:Director1 2023-01-01 2023-12-31 SC429004 frs-bus:Director2 2023-01-01 2023-12-31 SC429004 frs-bus:Director3 2023-01-01 2023-12-31 SC429004 frs-bus:Director4 2023-01-01 2023-12-31 SC429004 frs-bus:Director5 2023-01-01 2023-12-31 SC429004 frs-bus:Director6 2023-01-01 2023-12-31 SC429004 frs-bus:Director7 2023-01-01 2023-12-31 SC429004 frs-bus:Director8 2023-01-01 2023-12-31 SC429004 frs-bus:Director9 2023-01-01 2023-12-31 SC429004 frs-countries:EnglandWales 2023-01-01 2023-12-31 SC429004 2021-12-31 SC429004 2022-12-31 SC429004 2022-01-01 2022-12-31 SC429004 frs-core:CurrentFinancialInstruments 2022-12-31 SC429004 frs-core:ShareCapital 2022-12-31 SC429004 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC429004
Tempo Group Ltd
Financial Statements
For The Year Ended 31 December 2023
mca Banbury Ltd
4 - 6 The Wharf Centre
Wharf Street
Warwick
Warwickshire
CV34 5LB
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: SC429004
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 112,365 116,887
112,365 116,887
CURRENT ASSETS
Stocks 5 211,615 236,333
Debtors 6 93,203 128,300
Cash at bank and in hand 101,594 107,981
406,412 472,614
Creditors: Amounts Falling Due Within One Year 7 (264,356 ) (424,633 )
NET CURRENT ASSETS (LIABILITIES) 142,056 47,981
TOTAL ASSETS LESS CURRENT LIABILITIES 254,421 164,868
NET ASSETS 254,421 164,868
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 254,420 164,867
SHAREHOLDERS' FUNDS 254,421 164,868
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 Mark Rabey
Director
21/08/2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Tempo Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number SC429004 . The registered office is Streamline House 7 Queen Anne Drive, Newbridge, Edinburgh, EH28 8LH.
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. 
Tempo Group limited is a member of a public benefit group.
These financial statements are prepared in Sterling, which is the functional currency of the company. All the monetary amounts are rounded to the nearest £.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.4. 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.
2.5. 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:
Leasehold 10% Straight Line
Plant & Machinery 20% Straight Line
2.6. Financial Instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables or receivables; are measured, initially and subsequently, at the undiscounted amount of cash or other consideration, expected to be paid or received monetary amounts are rounded to the nearest £.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 5)
9 5
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 52,486 74,271 126,757
Additions - 18,059 18,059
Disposals (600 ) - (600 )
As at 31 December 2023 51,886 92,330 144,216
Depreciation
As at 1 January 2023 2,095 7,775 9,870
Provided during the period 6,299 15,820 22,119
Disposals (138 ) - (138 )
As at 31 December 2023 8,256 23,595 31,851
Net Book Value
As at 31 December 2023 43,630 68,735 112,365
As at 1 January 2023 50,391 66,496 116,887
5. Stocks
2023 2022
£ £
Stock 211,615 236,333
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 77,803 107,256
Prepayments and accrued income 15,400 21,044
93,203 128,300
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 133,531 152,740
Other loans 74,250 110,250
VAT 11,484 5,398
Other creditors 30,804 131,749
Accruals and deferred income 14,287 24,496
264,356 424,633
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Page 4
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
The company has taken advantage of the exemption available under FRS 102 section 33 'Related Party Disclosures' not to disclose details of its transactions with related parties. The exemption is available as the transactions are with other members of the group.
10. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
11. Ultimate Controlling Party
The company's ultimate controlling party is Brooklands Education trust a charity registered in England with charity number SC025013, and address Streamline House 7 Queen Anne Drive, Newbridge, Edinburgh, United Kingdom, EH28 8LH
12. Audit Information
The auditors report on the account of Tempo Group Ltd for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Martin Cox (Senior Statutory Auditor) for and on behalf of mca Banbury LTD , Statutory Auditor
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