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REGISTERED NUMBER: SC242428 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

T & D Temperature Services Ltd.

T & D Temperature Services Ltd. (Registered number: SC242428)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


T & D Temperature Services Ltd.

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Gary Tedeschi



SECRETARY: Allison Tedeschi



REGISTERED OFFICE: 8 Rhindmuir Drive
Glasgow
G69 6ND



REGISTERED NUMBER: SC242428 (Scotland)



ACCOUNTANTS: Clements
Chartered Accountants
39 St Vincent Place
Glasgow
G1 2ER



BANKERS: Bank of Scotland
187 Baillieston Road
Glasgow
G32 0TN

T & D Temperature Services Ltd. (Registered number: SC242428)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,433 60,078

CURRENT ASSETS
Debtors 5 22,158 131,396
Cash at bank 44,343 -
66,501 131,396
CREDITORS
Amounts falling due within one year 6 38,340 111,169
NET CURRENT ASSETS 28,161 20,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,594

80,305

CREDITORS
Amounts falling due after more than one
year

7

(11,667

)

(14,617

)

PROVISIONS FOR LIABILITIES (9,051 ) (11,415 )
NET ASSETS 51,876 54,273

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 50,876 53,273
SHAREHOLDERS' FUNDS 51,876 54,273

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

T & D Temperature Services Ltd. (Registered number: SC242428)

Statement of Financial Position - continued
31 January 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 director and authorised for issue on 3 October 2024 and were signed by:





Gary Tedeschi - Director


T & D Temperature Services Ltd. (Registered number: SC242428)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

T & D Temperature Services 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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of the provision of environmental engineering consultancy services during the period, exclusive of Value Added Tax and trade discounts. Revenue is recognised when the company has the right to receive it.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on cost

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pensions
The pension costs charged in the financial statements represents the contribution payable by the company during the year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employee's service lives on the basis of a constant percentage earnings.

T & D Temperature Services Ltd. (Registered number: SC242428)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 106,629
Additions 8,000
At 31 January 2024 114,629
DEPRECIATION
At 1 February 2023 46,551
Charge for year 23,645
At 31 January 2024 70,196
NET BOOK VALUE
At 31 January 2024 44,433
At 31 January 2023 60,078

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 99,656
Transfer to ownership (35,502 )
At 31 January 2024 64,154
DEPRECIATION
At 1 February 2023 41,828
Charge for year 16,038
Transfer to ownership (25,790 )
At 31 January 2024 32,076
NET BOOK VALUE
At 31 January 2024 32,078
At 31 January 2023 57,828

T & D Temperature Services Ltd. (Registered number: SC242428)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 18,585 118,111
Other debtors 3,573 13,285
22,158 131,396

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts - 1,933
Hire purchase contracts 4,000 8,293
Trade creditors 11,214 96,678
Taxation and social security 18,829 2,202
Other creditors 4,297 2,063
38,340 111,169

Included within Other Creditors is the director's current account which is unsecured, interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 11,667 14,617

8. SECURED DEBTS

The bank holds security by way of a bond and floating charge over the companies assets.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2023 - £38,500) were paid to the director .