Registered number
02175985
Temperature Applied Sciences Ltd
Filleted Accounts
31 December 2023
Temperature Applied Sciences Ltd
Registered number: 02175985
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 17,390 21,811
Current assets
Stocks 67,000 70,000
Debtors 4 284,365 245,771
Cash at bank and in hand 854,403 806,032
1,205,768 1,121,803
Creditors: amounts falling due within one year 5 (741,064) (601,640)
Net current assets 464,704 520,163
Net assets 482,094 541,974
Capital and reserves
Called up share capital 100 100
Profit and loss account 481,994 541,874
Shareholders' funds 482,094 541,974
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Stevens
Director
Approved by the board on 24 September 2024
Temperature Applied Sciences Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 13
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 2,874 157,111 15,994 175,979
At 31 December 2023 2,874 157,111 15,994 175,979
Depreciation
At 1 January 2023 2,870 136,505 14,793 154,168
Charge for the year - 4,121 300 4,421
At 31 December 2023 2,870 140,626 15,093 158,589
Net book value
At 31 December 2023 4 16,485 901 17,390
At 31 December 2022 4 20,606 1,201 21,811
4 Debtors 2023 2022
£ £
Trade debtors 284,365 245,771
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 126,628 208,200
Taxation and social security costs 129,760 87,355
Other creditors 484,676 306,085
741,064 601,640
6 Other information
Temperature Applied Sciences Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 15, Martletts Trading Estate
Martletts Way
Goring
West Sussex
BN12 4HF
Temperature Applied Sciences Ltd 02175985 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts July 2024 T Stevens No description of principal activity 02175985 2022-01-01 2022-12-31 02175985 core:WithinOneYear 2022-12-31 02175985 core:ShareCapital 2022-12-31 02175985 core:RetainedEarningsAccumulatedLosses 2022-12-31 02175985 2023-01-01 2023-12-31 02175985 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02175985 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02175985 bus:Director40 2023-01-01 2023-12-31 02175985 1 2023-01-01 2023-12-31 02175985 2 2023-01-01 2023-12-31 02175985 core:LandBuildings 2023-01-01 2023-12-31 02175985 core:PlantMachinery 2023-01-01 2023-12-31 02175985 core:Vehicles 2023-01-01 2023-12-31 02175985 countries:England 2023-01-01 2023-12-31 02175985 bus:FRS102 2023-01-01 2023-12-31 02175985 bus:FilletedAccounts 2023-01-01 2023-12-31 02175985 2023-12-31 02175985 core:WithinOneYear 2023-12-31 02175985 core:ShareCapital 2023-12-31 02175985 core:RetainedEarningsAccumulatedLosses 2023-12-31 02175985 core:LandBuildings 2023-12-31 02175985 core:PlantMachinery 2023-12-31 02175985 core:Vehicles 2023-12-31 02175985 2022-12-31 02175985 core:LandBuildings 2022-12-31 02175985 core:PlantMachinery 2022-12-31 02175985 core:Vehicles 2022-12-31 iso4217:GBP xbrli:pure