Temple Maritime Limited - Filleted accounts

TEMPLE MARITIME LIMITED - Company Information

Registered number

04192109

Temple Maritime Limited

Filleted Accounts

31 March 2023

Temple Maritime Limited
Registered number:		04192109
Balance Sheet
as at 31 March 2023

Notes			2023			2022
£				£
Fixed assets
Intangible assets	3		56,372			56,372

Current assets
Debtors	4	489,712			331,046

Creditors: amounts falling due within one year	5	(491,118)			(329,594)

Net current (liabilities)/assets			(1,406)			1,452

Total assets less current liabilities			54,966			57,824

Creditors: amounts falling due after more than one year	6		(70,693)			(71,693)



Net liabilities			(15,727)			(13,869)

Capital and reserves
Called up share capital			2			2
Share premium			74,989			74,989
Profit and loss account			(90,718)			(88,860)

Shareholders' funds			(15,727)			(13,869)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Naveed Anwar
Director
Approved by the board on 14 December 2023

Temple Maritime Limited
Notes to the Accounts
for the year ended 31 March 2023


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Functional and presentation currency
	The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.

	Employee benefits
	Short-term employee benefits Short-term employee benefits are recognised as an expense in the period in which they are incurred. Post-employment defined contribution plans Amounts in respect of defined contributions plans are recognised as an expense as they are incurred. Termination benefits Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

	Going concern
	The financial statements have been prepared on the basis that the company will receive continued financial support from bank and director and has adequate resources to continue in operational existence for the foreseeable future.


2	Employees	2023		2022
Number			Number

	Average number of persons employed by the company	1		1


3	Intangible fixed assets			£
	Lease:

	Cost
	At 1 April 2022			86,353
	At 31 March 2023			86,353

	Amortisation
	At 1 April 2022			29,981
	At 31 March 2023			29,981

	Net book value
	At 31 March 2023			56,372
	At 31 March 2022			56,372


4	Debtors	2023		2022
£			£

	Trade debtors	489,420		331,046
	Other debtors	292		-
		489,712		331,046


5	Creditors: amounts falling due within one year	2023		2022
£			£

	Trade creditors	490,920		329,397
	Other taxes and social security costs	197		197
	Other creditors	1		-
		491,118		329,594


6	Creditors: amounts falling due after one year	2023		2022
£			£

	Other creditors	70,693		71,693


7	Related party transactions

	Included within other creditors is a director's loan of £70,693 (2022 - £71,693).


8	Controlling party

	Naveed Anwar is the ultimate controlling party.


9	Other information

	Temple Maritime Limited is a private company limited by shares and incorporated in England. Its registered office is:

	Suite 4, Cranbrook House
	61 Cranbrook Road
	Ilford
	Essex
	IG1 4PG

Temple Maritime Limited 04192109 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 Naveed Anwar No description of principal activity 04192109 2021-04-01 2022-03-31 04192109 core:WithinOneYear 2022-03-31 04192109 core:AfterOneYear 2022-03-31 04192109 core:ShareCapital 2022-03-31 04192109 core:SharePremium 2022-03-31 04192109 core:RetainedEarningsAccumulatedLosses 2022-03-31 04192109 2022-04-01 2023-03-31 04192109 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04192109 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04192109 bus:Director40 2022-04-01 2023-03-31 04192109 1 2022-04-01 2023-03-31 04192109 2 2022-04-01 2023-03-31 04192109 countries:England 2022-04-01 2023-03-31 04192109 bus:FRS102 2022-04-01 2023-03-31 04192109 bus:FullAccounts 2022-04-01 2023-03-31 04192109 2023-03-31 04192109 core:WithinOneYear 2023-03-31 04192109 core:AfterOneYear 2023-03-31 04192109 core:ShareCapital 2023-03-31 04192109 core:SharePremium 2023-03-31 04192109 core:RetainedEarningsAccumulatedLosses 2023-03-31 04192109 core:Goodwill 2023-03-31 04192109 2022-03-31 04192109 core:Goodwill 2022-03-31 iso4217:GBP xbrli:pure