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REGISTERED NUMBER: SC566217 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

TEMPEST ONE LTD

TEMPEST ONE LTD (REGISTERED NUMBER: SC566217)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEMPEST ONE LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: N Rettie
R Mackay





REGISTERED OFFICE: 4a Seatown Place
Cairnbulg
Fraserburgh
AB43 8WP





REGISTERED NUMBER: SC566217 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

TEMPEST ONE LTD (REGISTERED NUMBER: SC566217)

Balance Sheet
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,320 15,499

CURRENT ASSETS
Debtors 5 35,571 24,629
Cash at bank 71,645 40,191
107,216 64,820
CREDITORS
Amounts falling due within one year 6 20,758 29,134
NET CURRENT ASSETS 86,458 35,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,778

51,185

PROVISIONS FOR LIABILITIES 7 2,531 2,945
NET ASSETS 97,247 48,240

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 97,147 48,140
SHAREHOLDERS' FUNDS 97,247 48,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

TEMPEST ONE LTD (REGISTERED NUMBER: SC566217)

Balance Sheet - continued
31 MAY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




N Rettie - Director



R Mackay - Director


TEMPEST ONE LTD (REGISTERED NUMBER: SC566217)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Tempest One Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TEMPEST ONE LTD (REGISTERED NUMBER: SC566217)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 4,975 15,845 2,181 23,001
Additions 1,073 - 1,297 2,370
At 31 May 2024 6,048 15,845 3,478 25,371
DEPRECIATION
At 1 June 2023 1,333 6,029 140 7,502
Charge for year 1,007 2,454 1,088 4,549
At 31 May 2024 2,340 8,483 1,228 12,051
NET BOOK VALUE
At 31 May 2024 3,708 7,362 2,250 13,320
At 31 May 2023 3,642 9,816 2,041 15,499

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 33,217 22,314
Prepayments 2,354 2,315
35,571 24,629

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 1,993 7,438
Tax 13,925 6,270
VAT 3,556 1,510
Directors' current accounts 534 13,166
Accrued expenses 750 750
20,758 29,134

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 2,531 2,945

Deferred
tax
£   
Balance at 1 June 2023 2,945
Provided during year (414 )
Balance at 31 May 2024 2,531