Tempo Publishing Ltd - Accounts to registrar (filleted) - small 17.3

Tempo Publishing Ltd - Accounts to registrar (filleted) - small 17.3

TEMPO PUBLISHING LTD - Company Information

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REGISTERED NUMBER: 06758819 (England and Wales)
















TEMPO PUBLISHING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017






TEMPO PUBLISHING LTD (REGISTERED NUMBER: 06758819)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


TEMPO PUBLISHING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: N Sanders
Mrs M L Williams
Mrs W Drakes
Mrs K Rose





REGISTERED OFFICE: Unit 7a
Chase Park
Daleside Road
Nottingham
Nottinghamshire
NG2 4GT





REGISTERED NUMBER: 06758819 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW
Page 1
TEMPO PUBLISHING LTD (REGISTERED NUMBER: 06758819)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 78,625 104,834

CURRENT ASSETS
Debtors 5 15,085 7,996
Cash at bank 5,248 7,124
20,333 15,120
CREDITORS
Amounts falling due within one year 6 64,531 81,966
NET CURRENT LIABILITIES (44,198 ) (66,846 )
TOTAL ASSETS LESS CURRENT LIABILITIES 34,427 37,988

CREDITORS
Amounts falling due after more than one year 7 - 7,387
NET ASSETS 34,427 30,601

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 34,327 30,501
SHAREHOLDERS' FUNDS 34,427 30,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 December 2017 and were signed on its behalf by:





N Sanders - Director


The notes form part of these financial statements

Page 2
TEMPO PUBLISHING LTD (REGISTERED NUMBER: 06758819)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Tempo Publishing 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 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.

The financial statements for the year ended 31 March 2017 are the first financial statements of Tempo Publishing Limited
prepared in accordance with FRS 102. There are no transition adjustments necessary.

Revenue
Revenue is measured at the fair value of the consideration received or receivable , excluding discounts, rebates, value
added tax and other sale taxes.
Revenue is recognised when the service is provided. At period end the Directors reviews any unbilled work and calculates a
value of revenue to be recognised in the accounts and included as a debtor.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 100% on cost and 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of
financial position 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
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.

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 1 (2016 - 1 ) .

Page 3
TEMPO PUBLISHING LTD (REGISTERED NUMBER: 06758819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2016 227,639
Additions 16,419
Disposals (7,834 )
At 31 March 2017 236,224
DEPRECIATION
At 1 April 2016 122,805
Charge for year 42,628
Eliminated on disposal (7,834 )
At 31 March 2017 157,599
NET BOOK VALUE
At 31 March 2017 78,625
At 31 March 2016 104,834


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other debtors 15,085 7,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Hire purchase contracts 7,386 23,144
Trade creditors 11,931 18,220
Taxation and social security 5,242 1,264
Other creditors 39,972 39,338
64,531 81,966

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.17 31.3.16
£    £   
Hire purchase contracts - 7,387

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.17 31.3.16
£    £   
Hire purchase contracts 7,386 30,531

The hire purchase contracts are secured upon the assets in which the contracts relate to.

Page 4
TEMPO PUBLISHING LTD (REGISTERED NUMBER: 06758819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.17 31.3.16
value: £    £   
150 Ordinary 66p 100 100

10. OTHER FINANCIAL COMMITMENTS

The company has commitments due as follows:

31.3.1731.3.16
££
Within one year23,7182,022
Between one and five years3,5315,560
27,2497,582

Page 5