REGISTERED NUMBER: 05518896 (England and Wales)

Financial Statements for the Year Ended 31 August 2024

for

24 TEMP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Baljit Singh

SECRETARY:

Mrs Narinder Kaur

REGISTERED OFFICE:

5 Arkle Croft

Oakham Park

Rowley Regis

West Midlands

B65 8QF

REGISTERED NUMBER:

05518896 (England and Wales)

FIXED ASSETS

Tangible assets

4

39,870

51,121

CURRENT ASSETS

Debtors

5

96,726

85,716

Cash at bank

215,702

152,922

312,428

238,638

CREDITORS

Amounts falling due within one year

6

173,272

143,577

NET CURRENT ASSETS

139,156

95,061

TOTAL ASSETS LESS CURRENT LIABILITIES

179,026

146,182

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

179,025

146,181

SHAREHOLDERS' FUNDS

179,026

146,182

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 director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 May 2025 and were signed by:

Mr Baljit Singh - Director

1.	STATUTORY INFORMATION

24 TEMP LIMITED 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.

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

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

50% on reducing balance

Taxation

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

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 6 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2023

83,844

6,172

7,885

97,901

Additions

14,707

1,000

-

15,707

Disposals

(32,399

)

(4,923

)

(5,913

)

(43,235

)

At 31 August 2024

66,152

2,249

1,972

70,373

DEPRECIATION

At 1 September 2023

35,927

3,335

7,518

46,780

Charge for year

9,687

198

-

9,885

Eliminated on disposal

(18,212

)

(2,404

)

(5,546

)

(26,162

)

At 31 August 2024

27,402

1,129

1,972

30,503

NET BOOK VALUE

At 31 August 2024

38,750

1,120

-

39,870

At 31 August 2023

47,917

2,837

367

51,121

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade debtors

79,726

68,716

Amounts owed by group undertakings

17,000

17,000

96,726

85,716

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Other loans

17,733

27,484

Trade creditors

6,498

8,585

Tax

17,401

9,796

Social security and other taxes

4,686

6,092

Net Wages

1,954

4,790

VAT

15,897

9,477

Directors' current accounts

107,273

75,703

Accrued expenses

1,830

1,650

173,272

143,577