Caseware UK (AP4) 2023.0.135 2023.0.135 trueconsultancy2023-05-01false11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC519871 2023-05-01 2024-04-30 SC519871 2022-05-01 2023-04-30 SC519871 2024-04-30 SC519871 2023-04-30 SC519871 2022-05-01 SC519871 c:Director1 2023-05-01 2024-04-30 SC519871 d:OfficeEquipment 2023-05-01 2024-04-30 SC519871 d:OfficeEquipment 2024-04-30 SC519871 d:OfficeEquipment 2023-04-30 SC519871 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC519871 d:Goodwill 2023-05-01 2024-04-30 SC519871 d:Goodwill 2024-04-30 SC519871 d:Goodwill 2023-04-30 SC519871 d:CurrentFinancialInstruments 2024-04-30 SC519871 d:CurrentFinancialInstruments 2023-04-30 SC519871 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC519871 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC519871 d:ShareCapital 2024-04-30 SC519871 d:ShareCapital 2023-04-30 SC519871 d:ShareCapital 2022-05-01 SC519871 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 SC519871 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC519871 d:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 SC519871 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC519871 d:RetainedEarningsAccumulatedLosses 2022-05-01 SC519871 c:FRS102 2023-05-01 2024-04-30 SC519871 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC519871 c:FullAccounts 2023-05-01 2024-04-30 SC519871 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC519871 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 SC519871 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: SC519871










Tempus Wealth Consultancy Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 April 2024

 
Tempus Wealth Consultancy Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Tempus Wealth Consultancy Limited for the year ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tempus Wealth Consultancy Limited for the year ended 30 April 2024 which comprise the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Tempus Wealth Consultancy Limited in accordance with the terms of our engagement letter dated 25 January 2024Our work has been undertaken solely to prepare for your approval the financial statements of Tempus Wealth Consultancy Limited and state those matters that we have agreed to state to the director of Tempus Wealth Consultancy Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tempus Wealth Consultancy Limited and its director for our work or for this report. 

It is your duty to ensure that Tempus Wealth Consultancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tempus Wealth Consultancy Limited. You consider that Tempus Wealth Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Tempus Wealth Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
30 January 2025
Page 1

 
Tempus Wealth Consultancy Limited
Registered number: SC519871

Balance sheet
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 3 
156,949
185,870

Tangible assets
 4 
315
544

  
157,264
186,414

Current assets
  

Debtors: amounts falling due within one year
 5 
9,949
10,420

Cash at bank and in hand
  
3,429
11,532

  
13,378
21,952

Creditors: amounts falling due within one year
 6 
(265,447)
(318,190)

Net current liabilities
  
 
 
(252,069)
 
 
(296,238)

Total assets less current liabilities
  
(94,805)
(109,824)

  

Net liabilities
  
(94,805)
(109,824)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(94,905)
(109,924)

  
(94,805)
(109,824)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Andrew Keen
Director
Date: 30 January 2025

Page 2

 
Tempus Wealth Consultancy Limited
 

Statement of changes in equity
For the year ended 30 April 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 May 2022
100
(104,271)
(104,171)



Loss for the year
-
(5,653)
(5,653)



At 1 May 2023
100
(109,924)
(109,824)



Profit for the year
-
15,019
15,019


At 30 April 2024
100
(94,905)
(94,805)


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
Tempus Wealth Consultancy Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
1.2

Going concern

As at the 30 April 2024 the liabilities of the company exceeded its assets by £95,585 and as such the company was technically insolvent. However, the company continues to be financially supported by its director and loan funding. The company has continued to trade and meet all debts as and when they fall due for payment. On this basis the director considers it appropriate to prepare financial statements on a going concern basis.

 
1.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
Tempus Wealth Consultancy Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

1.Accounting policies (continued)

 
1.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
Tempus Wealth Consultancy Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

1.Accounting policies (continued)

 
1.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


Employees

2024
2023
£
£

Wages and salaries
-
8,628

-
8,628


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


3.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
289,221



At 30 April 2024

289,221



Amortisation


At 1 May 2023
103,351


Charge for the year on owned assets
28,921



At 30 April 2024

132,272



Net book value



At 30 April 2024
156,949



At 30 April 2023
185,870



Page 6

 
Tempus Wealth Consultancy Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2023
3,839



At 30 April 2024

3,839



Depreciation


At 1 May 2023
3,295


Charge for the year on owned assets
229



At 30 April 2024

3,524



Net book value



At 30 April 2024
315



At 30 April 2023
544


5.


Debtors

2024
2023
£
£


Trade debtors
9,949
10,420



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
262,927
315,190

Accruals and deferred income
2,520
3,000

265,447
318,190



Page 7