4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 5,700 272,476 278,176 278,176 5,700 xbrli:pure xbrli:shares iso4217:GBP SC268087 2023-12-01 2024-11-30 SC268087 2024-11-30 SC268087 2023-11-30 SC268087 2022-12-01 2023-11-30 SC268087 2023-11-30 SC268087 2022-11-30 SC268087 core:LandBuildings core:LongLeaseholdAssets 2023-12-01 2024-11-30 SC268087 core:PlantMachinery 2023-12-01 2024-11-30 SC268087 core:FurnitureFittings 2023-12-01 2024-11-30 SC268087 core:MotorVehicles 2023-12-01 2024-11-30 SC268087 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 SC268087 bus:Director1 2023-12-01 2024-11-30 SC268087 core:LandBuildings 2023-11-30 SC268087 core:PlantMachinery 2023-11-30 SC268087 core:FurnitureFittingsToolsEquipment 2023-11-30 SC268087 core:MotorVehicles 2023-11-30 SC268087 core:LandBuildings 2024-11-30 SC268087 core:PlantMachinery 2024-11-30 SC268087 core:FurnitureFittingsToolsEquipment 2024-11-30 SC268087 core:MotorVehicles 2024-11-30 SC268087 core:LandBuildings 2023-12-01 2024-11-30 SC268087 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 SC268087 core:WithinOneYear 2024-11-30 SC268087 core:WithinOneYear 2023-11-30 SC268087 core:AfterOneYear 2023-11-30 SC268087 core:ShareCapital 2024-11-30 SC268087 core:ShareCapital 2023-11-30 SC268087 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC268087 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC268087 core:BetweenOneFiveYears 2023-11-30 SC268087 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 SC268087 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-11-30 SC268087 core:CostValuation core:Non-currentFinancialInstruments 2024-11-30 SC268087 core:Non-currentFinancialInstruments 2024-11-30 SC268087 core:Non-currentFinancialInstruments 2023-11-30 SC268087 core:AcceleratedTaxDepreciationDeferredTax 2024-11-30 SC268087 core:AcceleratedTaxDepreciationDeferredTax 2023-11-30 SC268087 core:LandBuildings 2023-11-30 SC268087 core:PlantMachinery 2023-11-30 SC268087 core:FurnitureFittingsToolsEquipment 2023-11-30 SC268087 core:MotorVehicles 2023-11-30 SC268087 bus:SmallEntities 2023-12-01 2024-11-30 SC268087 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 SC268087 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC268087 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC268087 bus:FullAccounts 2023-12-01 2024-11-30 SC268087 bus:OrdinaryShareClass1 2024-11-30 SC268087 bus:OrdinaryShareClass1 2023-11-30 SC268087 core:ComputerEquipment 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: SC268087
Tempsite Installations Limited
Filleted Unaudited Financial Statements
For the year ended
30 November 2024
Tempsite Installations Limited
Financial Statements
Year ended 30 November 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Tempsite Installations Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
409,861
347,594
Investments
6
278,176
5,700
---------
---------
688,037
353,294
Current assets
Stocks
2,500
2,500
Debtors
7
60,929
139,411
Cash at bank and in hand
965,242
1,047,928
------------
------------
1,028,671
1,189,839
Creditors: amounts falling due within one year
8
179,851
99,820
------------
------------
Net current assets
848,820
1,090,019
------------
------------
Total assets less current liabilities
1,536,857
1,443,313
Creditors: amounts falling due after more than one year
9
33,561
Provisions
Taxation including deferred tax
70,604
24,071
------------
------------
Net assets
1,466,253
1,385,681
------------
------------
Tempsite Installations Limited
Statement of Financial Position (continued)
30 November 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
12
2
2
Profit and loss account
1,466,251
1,385,679
------------
------------
Shareholders funds
1,466,253
1,385,681
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 May 2025 , and are signed on behalf of the board by:
Mr M Lacey
Director
Company registration number: SC268087
Tempsite Installations Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Woodlands, Balbeggie, Perth, PH2 6AU, Scotland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
The turnover shown in the profit and loss account represents the invoiced value of services provided during the year, net of value added tax. Service revenue is recognised as those services are provided to customers.
(c) Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
(e) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Improvements
-
2% straight line
Plant & Machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Computer equipment
-
25% reducing balance
(f) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
(g) Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
(h) Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
(i) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
(j) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(k) Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
(l) Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
(m) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
(n) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 3 ).
5. Tangible assets
Land and buildings
Plant and machinery
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 December 2023
108,907
267,954
55,427
373,532
805,820
Additions
11,651
51,680
9,681
86,706
159,718
---------
---------
--------
---------
---------
At 30 November 2024
120,558
319,634
65,108
460,238
965,538
---------
---------
--------
---------
---------
Depreciation
At 1 December 2023
1,546
186,688
39,822
230,170
458,226
Charge for the year
354
33,248
6,327
57,522
97,451
---------
---------
--------
---------
---------
At 30 November 2024
1,900
219,936
46,149
287,692
555,677
---------
---------
--------
---------
---------
Carrying amount
At 30 November 2024
118,658
99,698
18,959
172,546
409,861
---------
---------
--------
---------
---------
At 30 November 2023
107,361
81,266
15,605
143,362
347,594
---------
---------
--------
---------
---------
Tangible assets held at valuation
The directors have considered the value of the investment property and have concluded that its market value at 30 November 2024 did not materially differ from book value.
6. Investments
Other investments other than loans
£
Cost
At 1 December 2023
5,700
Additions
272,476
---------
At 30 November 2024
278,176
---------
Impairment
At 1 December 2023 and 30 November 2024
---------
Carrying amount
At 30 November 2024
278,176
---------
At 30 November 2023
5,700
---------
7. Debtors
2024
2023
£
£
Trade debtors
17,461
108,866
Other debtors
43,468
30,545
--------
---------
60,929
139,411
--------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
28,427
24,092
Social security and other taxes
101,685
57,541
Sundry creditors
285
874
Other creditors
49,454
17,313
---------
--------
179,851
99,820
---------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
33,561
----
--------
10. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
2024
2023
£
£
Not later than 1 year
9,813
Later than 1 year and not later than 5 years
33,561
----
--------
43,374
----
--------
11. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
70,604
24,071
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
54,692
24,071
--------
--------
12. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
13. Directors' advances, credits and guarantees
As at 30 November 2024, the directors have repaid the overdrawn directors' loan account (2023 - £6,599 overdrawn). Total advances and credits during the year amounted to £207,456 with total repayments amounting to £256,009.