Templine Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05421563 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

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 A, 10th Floor

Maple House

High Street

Potters Bar

Hertfordshire

EN6 5BS

REGISTERED NUMBER:

05421563 (England and Wales)

ACCOUNTANTS:

The Greene Partnership LLP

Suite A, 10th Floor

Maple House

High Street

Potters Bar

Hertfordshire

EN6 5BS

FIXED ASSETS

Tangible assets

4

138,732

55,831

CURRENT ASSETS

Stocks

9,800

50,000

Debtors

5

33,897

8,269

Cash at bank

926

28,879

44,623

87,148

CREDITORS

Amounts falling due within one year

6

104,730

83,980

NET CURRENT (LIABILITIES)/ASSETS

(60,107

)

3,168

TOTAL ASSETS LESS CURRENT LIABILITIES

78,625

58,999

CREDITORS

Amounts falling due after more than one year

7

78,614

47,011

NET ASSETS

11

11,988

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(89

)

11,888

SHAREHOLDERS' FUNDS

11

11,988

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 27 November 2017 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 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

253,682

14,621

-

-

268,303

Additions

83,050

-

36,138

1,291

120,479

At 31 March 2017

336,732

14,621

36,138

1,291

388,782

DEPRECIATION

At 1 April 2016

200,046

12,426

-

-

212,472

Charge for year

27,671

549

9,035

323

37,578

At 31 March 2017

227,717

12,975

9,035

323

250,050

NET BOOK VALUE

At 31 March 2017

109,015

1,646

27,103

968

138,732

At 31 March 2016

53,636

2,195

-

-

55,831

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

36,138

At 31 March 2017

36,138

DEPRECIATION

Charge for year

9,035

At 31 March 2017

9,035

NET BOOK VALUE

At 31 March 2017

27,103

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

27,784

8,269

VAT

6,113

-

33,897

8,269

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

35,178

35,528

Hire purchase contracts

12,774

-

Trade creditors

27,107

9,765

Tax

-

5,895

VAT

-

11,914

Directors' current accounts

27,420

20,000

Accrued expenses

2,251

878

104,730

83,980

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans - 1-2 years

20,836

47,011

Bank loans - 2-5 years

20,837

-

Hire purchase contracts

36,941

-

78,614

47,011

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

Production Electrical and Power Services

A company which Mr J Cutler is the director of.

Fees of £28,570 were paid to Production Electrical and Power Services Limited during the year in respect of

services received.

Show Sparx Limited

A company which Mr J Stevens is the director of.

Fees of £25,763 were paid to Show Sparx Limited during the year in respect of services received.