REGISTERED NUMBER: 11387537 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Atempo Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Michel L D'Urso

Jacques C Roy

SECRETARY:

Pramex International Ltd

REGISTERED OFFICE:

8th Floor South

11 Old Jewry

London

EC2R 8DU

REGISTERED NUMBER:

11387537 (England and Wales)

AUDITORS:

HB Accountants

Plumpton House

Plumpton Road

Hoddesdon

Herts

EN11 0LB

FIXED ASSETS

Tangible assets

4

112

305

CURRENT ASSETS

Debtors

5

199,612

81,715

Cash at bank

52,068

11,585

251,680

93,300

CREDITORS

Amounts falling due within one year

6

1,268,910

1,112,002

NET CURRENT LIABILITIES

(1,017,230

)

(1,018,702

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,017,118

)

(1,018,397

)

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

(1,018,118

)

(1,019,397

)

SHAREHOLDERS' FUNDS

(1,017,118

)

(1,018,397

)

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 Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Jacques C Roy - Director

1.	STATUTORY INFORMATION

Atempo 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.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and amounts are rounded to the nearest £.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factor that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover represents amounts receivable, under contracts for services, net of Value Added Tax. Turnover is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its useful life:

Fixtures and Fittings - 20% on cost

Computer Equipment - fully depreciated

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.

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.

Going concern

The company's parent company has withdrawn its financial support and as a result the company is no longer a going concern. These financial statements have therefore not been prepared on a going concern basis, and the company plans to close its business operations without delay.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

962

3,085

4,047

DEPRECIATION

At 1 January 2024

657

3,085

3,742

Charge for year

193

-

193

At 31 December 2024

850

3,085

3,935

NET BOOK VALUE

At 31 December 2024

112

-

112

At 31 December 2023

305

-

305

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

197,660

80,277

Accrued income and prepayments

1,952

1,438

199,612

81,715

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

117,836

113,029

Amounts owed to group undertakings

1,049,664

886,331

Social security and other taxes

-

3,384

Pension

812

-

VAT

31,032

12,275

Accruals

10,060

14,797

Deferred income

59,506

82,186

1,268,910

1,112,002

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

During the audit we discovered that there was insufficient supporting evidence to validate group management charges totalling £429,279 and the loss for the year may therefore be misstated in this regard.

Keith Grover (Senior Statutory Auditor)

for and on behalf of HB Accountants

9.	ULTIMATE CONTROLLING PARTY

The direct parent company is Atempo SAS a company incorporated in France.

The ultimate controling party is Kick Start Management SARL, a company incorporated in France. Its registered office is at 4 Avenue Felix Gras, 13600 La Ciotat.