Fast Tempus Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC508494 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Fast Tempus Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

W R Houliston

REGISTERED OFFICE:

26 Buckstone Lea

Edinburgh

EH10 6XE

REGISTERED NUMBER:

SC508494 (Scotland)

ACCOUNTANTS:

Dawn Goddard CA

Goddard Accounting and Tax Solutions

Duncargen

St Margaret’s Drive

Dunblane

Stirlingshire

FK15 0DP

FIXED ASSETS

Tangible assets

4

-

700

CURRENT ASSETS

Debtors

5

-

12,555

Cash at bank

28,382

30,523

28,382

43,078

CREDITORS

Amounts falling due within one year

6

21,208

11,276

NET CURRENT ASSETS

7,174

31,802

TOTAL ASSETS LESS CURRENT LIABILITIES

7,174

32,502

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

7,164

32,492

SHAREHOLDERS' FUNDS

7,174

32,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 on 4 March 2020 and were signed by:

W R Houliston - Director

1.	STATUTORY INFORMATION

Fast Tempus Ltd is a private company, limited by shares , registered in Scotland. 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 represents the invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Computer equipment 50%

Taxation

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2018

and 30 June 2019

2,469

DEPRECIATION

At 1 July 2018

1,769

Charge for year

700

At 30 June 2019

2,469

NET BOOK VALUE

At 30 June 2019

-

At 30 June 2018

700

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Other debtors

-

12,555

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Taxation and social security

20,850

11,276

Other creditors

358

-

21,208

11,276

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2019 and 30 June 2018:

30.6.19

30.6.18

£

£

W R Houliston

Balance outstanding at start of year

12,339

-

Amounts repaid

(12,339

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

12,339

The Company received interest for the advance to the director at an annual rate of 2.5%. The advance was unsecured,repayable on demand and

repaid in full by 31 March 2019.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £84,325 (2018 - £53,000) were paid to the director .

The company owed the director £358 at 30 June 2019 (2019 £nil). No interest was paid in respect of this loan, which was included within

creditors falling due within one year.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In

accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fast Tempus

Ltd for the year ended 30 June 2019 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from

the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Fast Tempus Ltd in accordance with the terms of our engagement letter dated 8 April 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Fast Tempus Ltd and state those matters that we have agreed to state to the director of Fast Tempus Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Fast Tempus Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fast Tempus Ltd. You consider that Fast Tempus Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fast Tempus Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dawn Goddard CA

Goddard Accounting and Tax Solutions

Duncargen

St Margaret’s Drive

Dunblane

Stirlingshire

FK15 0DP

4 March 2020