TEMPO COMMUNITY CIC

Company limited by guarantee

Company Registration Number:
SC744771 (Scotland)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

TEMPO COMMUNITY CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TEMPO COMMUNITY CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 302 0
Total fixed assets: 302 0
Current assets
Debtors: 4 336
Cash at bank and in hand: 635 2,827
Total current assets: 971 2,827
Creditors: amounts falling due within one year: 5 ( 389 ) ( 764 )
Net current assets (liabilities): 582 2,063
Total assets less current liabilities: 884 2,063
Total net assets (liabilities): 884 2,063
Members' funds
Profit and loss account: 884 2,063
Total members' funds: 884 2,063

The notes form part of these financial statements

TEMPO COMMUNITY CIC

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 21 May 2025
and signed on behalf of the board by:

Name: Liam Wee Tan
Status: Director

The notes form part of these financial statements

TEMPO COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer Equipment 25% Reducing Balance

TEMPO COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

TEMPO COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 0 0
Additions 354 354
Disposals
Revaluations
Transfers
At 30 September 2024 354 354
Depreciation
At 1 October 2023 0 0
Charge for year 52 52
On disposals
Other adjustments
At 30 September 2024 52 52
Net book value
At 30 September 2024 302 302
At 30 September 2023 0 0

TEMPO COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Other debtors 336
Total 336

TEMPO COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 484
Accruals and deferred income 255 250
Other creditors 134 30
Total 389 764

COMMUNITY INTEREST ANNUAL REPORT

TEMPO COMMUNITY CIC

Company Number: SC744771 (Scotland)

Year Ending: 30 September 2024

Company activities and impact

During the year we have achieved the following: 1. set up free wellbeing classes 2. set up more facilities such as a podcast studio giving more people in the community access to such facilities 3. Held open days & community events 4. Supported others in their projects 5. Promoted social enterprise as a business model

Consultation with stakeholders

We have been shaping the governance from feedback from Vaslan, Firstport and the local community. The board of directors has been built up around this as well as projects, free classes and use of the space.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 May 2025

And signed on behalf of the board by:
Name: Liam Wee Tan
Status: Director