Registered number
12746901
Tempus Planning & Controls Limited
Filleted Accounts
31 July 2024
Tempus Planning & Controls Limited
Registered number: 12746901
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 117,765 64,384
Current assets
Debtors 4 69,132 125,236
Cash at bank and in hand 532,722 394,066
601,855 519,302
Creditors: amounts falling due within one year 5 (82,016) (92,904)
Net current assets 519,839 426,398
Net assets 637,604 490,782
Capital and reserves
Called up share capital 100 100
Profit and loss account 637,504 490,682
Shareholders' funds 637,604 490,782
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P Holt
Director
Approved by the board on 8 January 2025
Tempus Planning & Controls Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% of reducing balance
Fixtures, fittings, tools and equipment 100% in year of purchase
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 17,330 71,870 89,200
Additions 11,337 77,556 88,893
At 31 July 2024 28,667 149,426 178,093
Depreciation
At 1 August 2023 17,330 7,486 24,816
Charge for the year 11,337 24,175 35,512
At 31 July 2024 28,667 31,661 60,328
Net book value
At 31 July 2024 - 117,765 117,765
At 31 July 2023 - 64,384 64,384
4 Debtors 2024 2023
£ £
Trade debtors 62,877 122,209
PAYE and NI - 62
Director's loan account 4,677 2,217
Other debtors 1,578 748
69,132 125,236
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 62,113 67,229
VAT 19,621 25,675
PAYE and NI 247 -
Other creditors 35 -
82,016 92,904
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director's loan 2,217 2,460 - 4,677
2,217 2,460 - 4,677
7 Other information
Tempus Planning & Controls Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Cedar Office Park
Cobham Road
Wimborne
BH21 7SB
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