REGISTERED NUMBER: |
Strategic Report, Report of the Directors and |
Financial Statements |
for the Year Ended 30th June 2024 |
for |
Tempura Communications Ltd |
REGISTERED NUMBER: |
Strategic Report, Report of the Directors and |
Financial Statements |
for the Year Ended 30th June 2024 |
for |
Tempura Communications Ltd |
Tempura Communications Ltd (Registered number: 03690731) |
Contents of the Financial Statements |
for the Year Ended 30th June 2024 |
Page |
Company Information | 1 |
Strategic Report | 2 |
Report of the Directors | 3 |
Report of the Independent Auditors | 5 |
Statement of Income and Retained Earnings | 9 |
Balance Sheet | 10 |
Notes to the Financial Statements | 11 |
Tempura Communications Ltd |
Company Information |
for the Year Ended 30th June 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Statutory Auditor |
Chartered Accountants |
2 Chamberlain Square |
Paradise Circus |
Birmingham |
B3 3AX |
Tempura Communications Ltd (Registered number: 03690731) |
Strategic Report |
for the Year Ended 30th June 2024 |
The directors present their strategic report for the year ended 30th June 2024. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of communication service providers. |
The company was acquired by Northamber plc on 29th April 2024. |
REVIEW OF BUSINESS |
Revenues for the year fell from £14.0m in the year ended 30th June 2023 to £10.6m for this year reflecting a change in market fortunes following the increased activity during and after the Covid pandemic. |
Increased margins have compensated for the lost revenues, but administrative costs have increased due to additional overheads and a prudent approach to risk. |
As a result, pre-tax profits are better than the reduction in turnover might indicate, from £0.8m in 2023 to £0.4m in this year. |
The acquisition of the company by Northamber plc during the year was taken to assist in the continued growth and success of the company. |
PRINCIPAL RISKS AND UNCERTAINTIES |
The company uses various financial instruments, including cash, trade receivables, trade payables and invoice discounting in the course of its operations. |
The use of these instruments gives rise to risks associated with exchange risk, interest rate risk, credit risk inventory risk and reputational risk. The directors review and agree policies to deal with each of these risks as they consider appropriate. |
FINANCIAL KEY PERFORMANCE INDICATORS |
The company is focused on achieving good gross margins from its revenues. Previous growth in revenues was achieved by a fall in gross margins. |
The directors are pleased to report that gross margins have been improved from 12.6% in 2023 to 18.4% in 2024 from reduced, but more profitable, revenues. |
ON BEHALF OF THE BOARD: |
26th June 2025 |
Tempura Communications Ltd (Registered number: 03690731) |
Report of the Directors |
for the Year Ended 30th June 2024 |
The directors present their report with the financial statements of the company for the year ended 30th June 2024. |
DIVIDENDS |
An interim dividend of £30,000 was paid in the year, with no final dividends declared. |
The total distribution of dividends for the year ended 30th June 2024 will be £30,000. |
DIRECTORS |
M D Light has held office during the whole period from 1st July 2023 to the date of this report. |
Other changes in directors holding office are as follows: |
D W Light - resigned 29th April 2024 |
P Dosanjh - appointed 29th April 2024, resigned 31st December 2024 |
J D Keefe - appointed 29th April 2024, resigned 30th September 2024 |
A R Lee - appointed 29th April 2024 |
A M Phillips - appointed 29th April 2024 |
REVIEW OF BUSINESS AND FUTURE DEVELOPMENTS |
Revenues for the year amounted to £10,622,587 (2023: £13,974,278). |
The profit for the year after taxation, amounted to £206,050 (2023: £602,692). |
Cash balances were £348,155 (2023: £467,127). |
The Company continues to maintain a long-term view and invests accordingly in staff, vendors and customers to continue our customer-centric focus ensuring that our offering and service levels allow our customers to profitably grow their business and consequently grow ours. |
POST BALANCE SHEET EVENTS |
There have been no significant events affecting the company since the year end. |
STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the company's financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards comprising Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
- select suitable accounting policies and then apply them consistently; |
- make judgements and accounting estimates that are reasonable and prudent; |
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
Tempura Communications Ltd (Registered number: 03690731) |
Report of the Directors |
for the Year Ended 30th June 2024 |
AUDITORS |
The auditors, Dains Audit Limited, were appointed during the year and will be proposed for re-appointment at the forthcoming Annual General Meeting. |
ON BEHALF OF THE BOARD: |
Report of the Independent Auditors to the Members of |
Tempura Communications Ltd |
Qualified opinion |
We have audited the financial statements of Tempura Communications Ltd (the 'company') for the year ended 30th June 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
In our opinion, except for the possible effects of the matter described in the basis of opinion section of our report, the financial statements: |
- give a true and fair view of the state of the company's affairs as at 30th June 2024 and of its profit for the year then |
ended; |
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for qualified opinion |
We were not appointed as auditor of the company until after 30 June 2023 and thus did not observe the counting of physical inventories at the beginning of the year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 30 June 2023, which are included in the balance sheet at £3,188,992, by using other audit procedures. Since opening inventories enter into the determination of the financial performance, we were unable to determine whether adjustments might have been necessary in respect of the profit for the year reported in the Statement of Income and Retained Earnings. |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. |
Conclusions relating to going concern |
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
Other information |
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise |
explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. |
As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves concerning the inventory quantities of £3,188,992 held at 30 June 2023. We have concluded that where the other information refers to this inventory balance or related balances such as cost of sales, it may be materially misstated for the same reason. |
Except for the matter described in the basis for qualified opinion section, we have determined that there are no key audit matters to be communicated in our report. |
Report of the Independent Auditors to the Members of |
Tempura Communications Ltd |
Opinions on other matters prescribed by the Companies Act 2006 |
Except for the possible effects of the matter described in the basis for qualified opinion section of the report, in our opinion, based on the work undertaken in the course of the audit: |
- the information given in the Report of the Directors for the financial year for which the financial statements are |
prepared is consistent with the financial statements; and |
- the Report of the Directors has been prepared in accordance with applicable legal requirements. |
Other Matters |
The prior period financial statements were not audited. However, specific audit procedures carried out as part of the current year audit have obtained sufficient audit evidence regarding opening balances contained within these financial statements, except for the matter described in the basis for qualified opinion section. |
Matters on which we are required to report by exception |
Except for the matter described in the basis for qualified opinion section of our report, in the light of the knowledge and understanding of the company and its environment obtained in the course of the audit,we have not identified material misstatements in the Report of the Directors. |
Arising solely from the limitation on the scope of our work relating to inventory, referred to above: |
- we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and |
- we were unable to determine whether adequate accounting records have been kept. |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you |
if, in our opinion: |
- returns adequate for our audit have not been received from branches not visited by us; or |
- the financial statements are not in agreement with the accounting records and returns; or |
- certain disclosures of directors' remuneration specified by law are not made.. |
Responsibilities of directors |
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. |
Report of the Independent Auditors to the Members of |
Tempura Communications Ltd |
Auditors' responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
The extent to which the audit was considered capable of detecting irregularities, including fraud is detailed below. |
Our approach to identifying and assessing the risks of material mis-statement in respect of irregularities, including fraud and non-compliance with laws and regulations was as follows: |
- the senior statutory auditor ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; |
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector in which the company operates; |
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the financial reporting legislation, Companies Act 2006, taxation legislation and data protection, anti-bribery, employment and environmental and health and safety legislation; |
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and |
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. |
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: |
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and |
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. |
To address the risk of fraud through management bias and override of controls, we: |
- performed analytical procedures to identify any unusual or unexpected relationships; |
- tested journal entries to identify unusual transactions; |
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and |
- investigated the rationale behind significant or unusual transactions. |
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: |
- agreeing financial statement disclosures to underlying supporting documentation; |
- enquiring of management as to actual and potential litigation and claims; and |
- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors |
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
Report of the Independent Auditors to the Members of |
Tempura Communications Ltd |
Use of our report |
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Statutory Auditor |
Chartered Accountants |
2 Chamberlain Square |
Paradise Circus |
Birmingham |
B3 3AX |
Tempura Communications Ltd (Registered number: 03690731) |
Statement of Income and |
Retained Earnings |
for the Year Ended 30th June 2024 |
30.6.24 | 30.6.23 |
Notes | £ | £ |
TURNOVER | 3 |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT | 5 |
Interest receivable and similar income |
549,431 | 875,658 |
Interest payable and similar expenses | 6 |
PROFIT BEFORE TAXATION |
Tax on profit | 7 |
PROFIT FOR THE FINANCIAL YEAR |
Retained earnings at beginning of year |
Dividends | 8 | ( |
) | ( |
) |
RETAINED EARNINGS AT END OF YEAR |
Tempura Communications Ltd (Registered number: 03690731) |
Balance Sheet |
30th June 2024 |
30.6.24 | 30.6.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 9 |
Investments | 10 |
CURRENT ASSETS |
Stocks | 11 |
Debtors | 12 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 13 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
14 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 17 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 18 |
Retained earnings | 19 |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
Tempura Communications Ltd (Registered number: 03690731) |
Notes to the Financial Statements |
for the Year Ended 30th June 2024 |
1. | STATUTORY INFORMATION |
Tempura Communications Ltd is a |
The principal activity of the company in the year under review was that of communications service providers. |
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". The financial statements have been prepared under the historical cost convention. |
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. |
The following principal accounting policies have been applied: |
Financial Reporting Standard 102 - reduced disclosure exemption |
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": |
- the requirements of Section 7 Statement of Cash Flows; |
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); |
- the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); |
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; |
- the requirements of Section 33 Related Party Disclosures paragraph 33.7. |
This information is included in the consolidated financial statements of Northamber PLC as at 30 June 2024 and these financial statements may be obtained from Namber House, 23 Davis Road, Chessinton, Surrey, KT9 1HS. |
Exemption from preparing consolidated financial statements |
The company is a parent company that is also a subsidiary included in the financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under Section 400 of the Companies Act 2006. |
Going concern basis |
The going concern basis of preparing the financial statements has been adopted as in the view of the Directors, the company has adequate resources to continue in operational existence for the foreseeable future. |
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 |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Tempura Communications Ltd (Registered number: 03690731) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
2. | ACCOUNTING POLICIES - continued |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to and from group undertakings. |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Tempura Communications Ltd (Registered number: 03690731) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Operating leases |
Operating leases, where the risks and rewards of ownership are not transferred to the lessee, are accounted for as follows: lease payments are recognised as an expense in the income statement on a straight-line basis over the lease term, irrespective of the payment schedule. The leased asset remains on the lessor's balance sheet and is accounted for in accordance with the relevant accounting standards. |
Debtors |
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment |
losses for bad and doubtful debts. |
Cash |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. |
Creditors |
Short term creditors are measured at the transaction price (which is usually the invoice price). |
Dividends |
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised |
when paid. Final equity dividends are recognised when approved by the shareholders at an annual general |
meeting. |
Interest charges |
All borrowing costs are recognised in the statement of income and retained earnings in the year in which they are incurred. |
Interest income |
All interest income is recognised in the statement of income and retained earnings in the year in which it is earned. |
Critical accounting judgements and other key sources of estimation uncertainty |
In the process of applying the company's accounting policies, the company is required to make certain estimates, judgements and assumptions that it believes are reasonable based upon the information available. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the years presented. |
On an ongoing basis, the company evaluates its estimates using historical experience, consultation with experts and other methods considered reasonable in the particular circumstances. Actual results may differ from the estimates, the effect of which is recognised in the period in which the facts that give rise to the revision become known. The company believes that the estimates and judgements in relation to stock impairment have the most significant impact on the annual results under FRS102 as set out below. |
Management is required to exercise significant judgement in estimating stock impairment, which takes into account the ageing of stock, its likelihood of being sold and its likely scrap or return value. |
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. |
Tempura Communications Ltd (Registered number: 03690731) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
3. | TURNOVER |
The turnover and profit before taxation are attributable to the one principal activity of the company. |
4. | EMPLOYEES AND DIRECTORS |
30.6.24 | 30.6.23 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
The average number of employees during the year was as follows: |
30.6.24 | 30.6.23 |
Sales and administration |
30.6.24 | 30.6.23 |
£ | £ |
Directors' remuneration |
5. | OPERATING PROFIT |
The operating profit is stated after charging: |
30.6.24 | 30.6.23 |
£ | £ |
Depreciation - owned assets |
Depreciation - assets on hire purchase contracts |
Auditors' remuneration |
Foreign exchange differences |
Operating lease rental costs |
6. | INTEREST PAYABLE AND SIMILAR EXPENSES |
30.6.24 | 30.6.23 |
£ | £ |
Factor discount |
Loan |
Other interest payable |
Hire purchase |
Tempura Communications Ltd (Registered number: 03690731) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
7. | TAXATION |
Analysis of the tax charge |
The tax charge on the profit for the year was as follows: |
30.6.24 | 30.6.23 |
£ | £ |
Current tax: |
UK corporation tax |
Deferred tax | ( |
) |
Tax on profit |
Reconciliation of total tax charge included in profit and loss |
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below: |
30.6.24 | 30.6.23 |
£ | £ |
Profit before tax |
Profit multiplied by the standard rate of corporation tax in the UK of (2023 - |
Effects of: |
Expenses not deductible for tax purposes |
Capital allowances in excess of depreciation | - | ( |
) |
Depreciation in excess of capital allowances | - |
Utilisation of tax losses | ( |
) |
Deferred tax adjustment | (8,025 | ) | 5,825 |
Total tax charge | 212,000 | 152,767 |
8. | DIVIDENDS |
30.6.24 | 30.6.23 |
£ | £ |
Ordinary shares of £1 each |
Final |
Final dividends of £75 (2023 - £425) per ordinary share have been paid. |
Tempura Communications Ltd (Registered number: 03690731) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
9. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and | Motor | Computer |
property | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st July 2023 |
and 30th June 2024 |
DEPRECIATION |
At 1st July 2023 |
Charge for year |
At 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 30th June 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1st July 2023 |
and 30th June 2024 |
DEPRECIATION |
At 1st July 2023 |
Charge for year |
At 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 30th June 2023 |
10. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st July 2023 |
and 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 30th June 2023 |
Tempura Communications Ltd (Registered number: 03690731) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
10. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Skybridge House, Corballis Road North, Dublin Airport, Swords Co. Dublin, Eire |
Nature of business: |
% |
Class of shares: | holding |
11. | STOCKS |
30.6.24 | 30.6.23 |
£ | £ |
Goods for resale |
12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Directors' current accounts | 4,093 | - |
Prepayments |
13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Other loans (see note 15) |
Hire purchase contracts (see note 16) |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 180,085 | 298,806 |
Other creditors |
Directors' loan accounts | - | 107 |
Accrued expenses |
14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Other loans (see note 15) |
Hire purchase contracts (see note 16) |
Tempura Communications Ltd (Registered number: 03690731) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
15. | LOANS |
An analysis of the maturity of loans is given below: |
30.6.24 | 30.6.23 |
£ | £ |
Amounts falling due within one year or on demand: |
Other loans |
Amounts falling due between one and two years: |
Other loans - 1-2 years | 85,614 |
Amounts falling due between two and five years: |
Other loans - 2-5 years |
Other loans are Coronavirus Business Interruption Loan Scheme loans of £113,834 (2023 - £155,882) and £73,103 (2023 -£109,438), on which interest is charged at 4.5% and 5.5% respectively, and which are guaranteed pursuant to the Coronavirus Business Interruption Loan Scheme. |
16. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
30.6.24 | 30.6.23 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable operating | leases |
30.6.24 | 30.6.23 |
£ | £ |
Within one year |
Between one and five years |
Hire purchase assets are secured on the assets to which they relate. |
17. | PROVISIONS FOR LIABILITIES |
30.6.24 | 30.6.23 |
£ | £ |
Deferred tax | - | 8,025 |
Tempura Communications Ltd (Registered number: 03690731) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
17. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 1st July 2023 |
Utilised during year | ( |
) |
Balance at 30th June 2024 |
18. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.24 | 30.6.23 |
value: | £ | £ |
Ordinary | £1 | 400 | 400 |
19. | RESERVES |
Retained |
earnings |
£ |
At 1st July 2023 |
Profit for the year |
Dividends | ( |
) |
At 30th June 2024 |
Retained earnings represent cumulative profits or losses, net of dividends paid and other adjustments. |
20. | RELATED PARTY DISCLOSURES |
Dividends of £30,000 (2023 - £170,000) were paid to shareholders in the year. |
The Company has taken advantage of the exemption available under Section 33 of Financial Reporting Standard 102 not to disclose transactions with members of the Group headed by Northamber plc, on the grounds that 100% of the voting rights in the company are controlled within that group and the company's results are included in the publically available consolidated financial statements. |
21. | ULTIMATE CONTROLLING PARTY |
At 30 June 2024, following an acquisition on 29th April 2024, the ultimate parent undertaking is Northamber plc, a company incorporated in the United Kingdom and registered in England and Wales. |
The parent undertaking of the smallest and largest group to consolidate their accounts is Northamber plc. Copies of these consolidated accounts can be obtained from Namber House, 23 Davis Road, Chessington, KT9 1HS. |
At 30 June 2024, the directors considered the ultimate controlling part to be Mr A M Phillips due to his majority shareholding in the issued share capital of Northamber plc. |