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REGISTERED NUMBER: 13595708 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TEMPEST MARTIAL ARTS LTD

TEMPEST MARTIAL ARTS LTD (REGISTERED NUMBER: 13595708)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEMPEST MARTIAL ARTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: R Stafford
A Stafford





REGISTERED OFFICE: 42 Newcastle Quays Retail Park
Coble Dene
North Shields
NE29 6DW





REGISTERED NUMBER: 13595708 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

TEMPEST MARTIAL ARTS LTD (REGISTERED NUMBER: 13595708)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 5,004 7,404
Tangible assets 5 8,806 7,726
13,810 15,130

CURRENT ASSETS
Stocks 3,000 5,500
Debtors 6 11,368 5,819
Cash at bank 6,829 3,190
21,197 14,509
CREDITORS
Amounts falling due within one year 7 18,668 25,717
NET CURRENT ASSETS/(LIABILITIES) 2,529 (11,208 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,339

3,922

PROVISIONS FOR LIABILITIES 1,008 476
NET ASSETS 15,331 3,446

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 15,329 3,444
SHAREHOLDERS' FUNDS 15,331 3,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

TEMPEST MARTIAL ARTS LTD (REGISTERED NUMBER: 13595708)

BALANCE SHEET - continued
30 SEPTEMBER 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 10 April 2025 and were signed on its behalf by:





A Stafford - Director


TEMPEST MARTIAL ARTS LTD (REGISTERED NUMBER: 13595708)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Tempest Martial Arts 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 in 2021, is being amortised evenly over its estimated useful life of five years.

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.
Plant and machinery etc - 33% on cost, 25% on cost and 15% on cost

The leasehold improvements are depreciated over the term of the lease.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

TEMPEST MARTIAL ARTS LTD (REGISTERED NUMBER: 13595708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 12,000
AMORTISATION
At 1 October 2023 4,596
Charge for year 2,400
At 30 September 2024 6,996
NET BOOK VALUE
At 30 September 2024 5,004
At 30 September 2023 7,404

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 13,752
Additions 7,491
Disposals (8,500 )
At 30 September 2024 12,743
DEPRECIATION
At 1 October 2023 6,026
Charge for year 3,838
Eliminated on disposal (5,927 )
At 30 September 2024 3,937
NET BOOK VALUE
At 30 September 2024 8,806
At 30 September 2023 7,726

TEMPEST MARTIAL ARTS LTD (REGISTERED NUMBER: 13595708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,368 5,819

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 660
Taxation and social security 7,853 5,823
Other creditors 10,815 19,234
18,668 25,717

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 33,000 -
Between one and five years 132,000 -
In more than five years 57,750 -
222,750 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

During the year the directors provided an interest free loan to the company. At the 30 September 2024 the amount outstanding was £8,420 (2023: £3,753).

During the year the company occupied a building which was owned by one of the directors personally. The rent paid to the director in the period was £15,750 (2023: £21,000).