Templine Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05421563 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Templine Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J S Cutler

J Stevens

REGISTERED OFFICE:

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

REGISTERED NUMBER:

05421563 (England and Wales)

ACCOUNTANTS:

The Greene Partnership LLP

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

334,327

225,311

CURRENT ASSETS

Stocks

5

3,880

3,830

Debtors

6

53,815

50,885

Cash at bank and in hand

258,458

10,722

316,153

65,437

CREDITORS

Amounts falling due within one year

7

86,562

48,948

NET CURRENT ASSETS

229,591

16,489

TOTAL ASSETS LESS CURRENT LIABILITIES

563,918

241,800

CREDITORS

Amounts falling due after more than one year

8

-

6,868

NET ASSETS

563,918

234,932

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

563,818

234,832

SHAREHOLDERS' FUNDS

563,918

234,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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 1 December 2024 and were signed on its behalf by:

J Stevens - Director

1.	STATUTORY INFORMATION

Templine Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2022

624,219

16,141

36,138

1,866

678,364

Additions

156,213

-

65,280

-

221,493

Disposals

-

-

(5,814

)

-

(5,814

)

At 31 March 2023

780,432

16,141

95,604

1,866

894,043

DEPRECIATION

At 1 April 2022

407,424

14,610

29,706

1,313

453,053

Charge for year

93,252

383

17,669

138

111,442

Eliminated on disposal

-

-

(4,779

)

-

(4,779

)

At 31 March 2023

500,676

14,993

42,596

1,451

559,716

NET BOOK VALUE

At 31 March 2023

279,756

1,148

53,008

415

334,327

At 31 March 2022

216,795

1,531

6,432

553

225,311

5.

STOCKS

31.3.23

31.3.22

£

£

Stocks

3,880

3,830

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

49,458

30,587

Other debtors

3,275

3,275

VAT

-

15,173

Prepayments

1,082

1,850

53,815

50,885

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts (see note 9)

-

10,648

Trade creditors

12,391

31,801

Tax

41,770

-

VAT

22,549

-

Accrued expenses

9,852

6,499

86,562

48,948

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans (see note 9)

-

6,868

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.23

31.3.22

£

£

Amounts falling due within one year or on demand:

Bank loans

-

10,648

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

6,868

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

Ordinary Shares

£1.00

100

100

11.

RESERVES

Retained

earnings

£

At 1 April 2022

234,832

Profit for the year

342,986

Dividends

(14,000

)

At 31 March 2023

563,818

12.	RELATED PARTY DISCLOSURES

During the year Templine Limited charged for services totally £30,140 to Templine Electrical Services Limited a company in which Jamie Cutler is a 50% shareholder.