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REGISTERED NUMBER: SC395554 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Temperature Design Partnership Ltd

Temperature Design Partnership Ltd (Registered number: SC395554)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Temperature Design Partnership Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr David M Lyall
Ms Lesley Wilson





SECRETARY: Mrs Mhairi A Lyall





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC395554 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Temperature Design Partnership Ltd (Registered number: SC395554)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,070 41,841

CURRENT ASSETS
Debtors 5 61,351 84,820
Cash at bank 44,386 34,381
105,737 119,201
CREDITORS
Amounts falling due within one year 6 122,981 130,828
NET CURRENT LIABILITIES (17,244 ) (11,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,826

30,214

PROVISIONS FOR LIABILITIES 7 10,018 10,188
NET ASSETS 12,808 20,026

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 12,708 19,926
SHAREHOLDERS' FUNDS 12,808 20,026

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

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

Temperature Design Partnership Ltd (Registered number: SC395554)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





Mr David M Lyall - Director


Temperature Design Partnership Ltd (Registered number: SC395554)

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

1. STATUTORY INFORMATION

Temperature Design Partnership 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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


Temperature Design Partnership Ltd (Registered number: SC395554)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

Temperature Design Partnership Ltd (Registered number: SC395554)

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

4. TANGIBLE FIXED ASSETS
Fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 September 2023 9,266 80,873 90,139
Additions - 22,545 22,545
Disposals - (22,045 ) (22,045 )
At 31 August 2024 9,266 81,373 90,639
DEPRECIATION
At 1 September 2023 5,155 43,143 48,298
Charge for year 617 13,569 14,186
Eliminated on disposal - (11,915 ) (11,915 )
At 31 August 2024 5,772 44,797 50,569
NET BOOK VALUE
At 31 August 2024 3,494 36,576 40,070
At 31 August 2023 4,111 37,730 41,841

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 17,743
Transfer to ownership (17,743 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 12,129
Transfer to ownership (12,129 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 5,614

Temperature Design Partnership Ltd (Registered number: SC395554)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,951 82,420
Other debtors 2,400 2,400
61,351 84,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,617 10,293
Taxation and social security 87,536 75,165
Other creditors 27,828 45,370
122,981 130,828

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,018 10,188

Deferred
tax
£   
Balance at 1 September 2023 10,188
Provided during year (170 )
Balance at 31 August 2024 10,018

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100