Tempo Publishing Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06758819 (England and Wales)

TEMPO PUBLISHING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

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

FIXED ASSETS

Property, plant and equipment

4

60,379

78,625

CURRENT ASSETS

Debtors

5

11,526

15,085

Cash at bank

4,693

5,248

16,219

20,333

CREDITORS

Amounts falling due within one year

6

37,624

64,531

NET CURRENT LIABILITIES

(21,405

)

(44,198

)

TOTAL ASSETS LESS CURRENT LIABILITIES

38,974

34,427

CREDITORS

Amounts falling due after more than one year

7

3,354

-

NET ASSETS

35,620

34,427

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

35,520

34,327

SHAREHOLDERS' FUNDS

35,620

34,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 14 December 2018 and were signed on its behalf by:

Mrs M L Williams - Director

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.

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.

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 (2017 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2017

236,224

Additions

17,189

Disposals

(51,254

)

At 31 March 2018

202,159

DEPRECIATION

At 1 April 2017

157,599

Charge for year

20,127

Eliminated on disposal

(35,946

)

At 31 March 2018

141,780

NET BOOK VALUE

At 31 March 2018

60,379

At 31 March 2017

78,625

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Other debtors

11,526

15,085

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

1,616

7,386

Trade creditors

10,522

11,931

Taxation and social security

1,795

5,242

Other creditors

23,691

39,972

37,624

64,531

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

3,354

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Hire purchase contracts

4,970

7,386

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

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

150

Ordinary

66p

100

100

10.	OTHER FINANCIAL COMMITMENTS

The company has commitments due as follows:

31.03.18

31.03.17

£

£

Within one year

23,722

23,718

Between one and five years

1,505

3,531

25,227

27,249