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REGISTERED NUMBER: 07297586 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

Tempest Brickworks Ltd

Tempest Brickworks Ltd (Registered number: 07297586)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


Tempest Brickworks Ltd

Company Information
For The Year Ended 31 March 2024







Directors: D Halil
Mrs L Halil





Registered office: 5 Chimney Mills
West Stow
Bury St Edmunds
Suffolk
IP28 6ES





Registered number: 07297586 (England and Wales)





Accountants: SMD Accounts LLP
Chartered Certified Accountants
Suite 11, Manchester House
113 Northgate Street
Bury St Edmunds
Suffolk
IP33 1HP

Tempest Brickworks Ltd (Registered number: 07297586)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 74,811 34,900

Current assets
Stocks 45,917 190,027
Debtors 5 306,636 282,931
Cash at bank 36,401 12,801
388,954 485,759
Creditors
Amounts falling due within one year 6 374,272 468,264
Net current assets 14,682 17,495
Total assets less current liabilities 89,493 52,395

Creditors
Amounts falling due after more than one year 7 (69,584 ) (45,124 )

Provisions for liabilities (18,703 ) (5,983 )
Net assets 1,206 1,288

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 206 288
Shareholders' funds 1,206 1,288

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

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

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 13 November 2024 and were signed on its behalf by:





Mrs L Halil - Director


Tempest Brickworks Ltd (Registered number: 07297586)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. Statutory information

Tempest Brickworks Ltd is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Tempest Brickworks Ltd (Registered number: 07297586)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have reviewed the financial situation of the company and feel it appropriate to prepare these accounts on a going concern basis. The company has an overdraft facility with the company's bankers and a bounce back loan. The company's bank continued support is required for the company to be a going concern. The directors believe that there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 9,041 2,574 57,193 2,549 71,357
Additions 495 - 82,578 - 83,073
Disposals - - (15,079 ) - (15,079 )
At 31 March 2024 9,536 2,574 124,692 2,549 139,351
Depreciation
At 1 April 2023 7,269 1,618 25,021 2,549 36,457
Charge for year 715 319 30,410 - 31,444
Eliminated on disposal - - (3,361 ) - (3,361 )
At 31 March 2024 7,984 1,937 52,070 2,549 64,540
Net book value
At 31 March 2024 1,552 637 72,622 - 74,811
At 31 March 2023 1,772 956 32,172 - 34,900

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 April 2023 39,700
Additions 42,083
At 31 March 2024 81,783
Depreciation
At 1 April 2023 19,850
Charge for year 26,445
At 31 March 2024 46,295
Net book value
At 31 March 2024 35,488
At 31 March 2023 19,850

Tempest Brickworks Ltd (Registered number: 07297586)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts recoverable on contract 260,503 192,468
Other debtors 46,133 90,463
306,636 282,931

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 75,489 138,807
Hire purchase contracts 17,965 6,367
Trade creditors 128,908 212,286
Taxation and social security 148,160 100,710
Other creditors 3,750 10,094
374,272 468,264

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 13,280 22,936
Hire purchase contracts 56,304 22,188
69,584 45,124

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 12,940
Hire purchase - 3,087
- 16,027

8. Related party disclosures

At 31 March 2024 the directors had a joint overdrawn directors' loan account of £30,015(owed to the company) - the balance at 31 March 2023 was a £36,235 balance owed to the company.