Templecraft Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04010701 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Templecraft Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B S Chima

SECRETARY:

Mrs A K Chima

REGISTERED OFFICE:

Churchill House

Stirling Way

Borehamwood

Hertfordshire

WD6 2HP

REGISTERED NUMBER:

04010701 (England and Wales)

ACCOUNTANTS:

Philip Gale & Co

Churchill House

Stirling Way

Borehamwood

Hertfordshire

WD6 2HP

FIXED ASSETS

Tangible assets

3

2

2

Investments

4

155,775

155,775

155,777

155,777

CURRENT ASSETS

Debtors

140

-

Cash at bank

678

1,459

818

1,459

CREDITORS

Amounts falling due within one year

13,485

13,707

NET CURRENT LIABILITIES

(12,667

)

(12,248

)

TOTAL ASSETS LESS CURRENT LIABILITIES

143,110

143,529

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

143,106

143,525

SHAREHOLDERS' FUNDS

143,110

143,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 June 2018 and were signed by:

B S Chima - Director

1.	STATUTORY INFORMATION

Templecraft 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.

The company continues to receive financial support from its director. On this basis, the director

considers it appropriate to prepare the financial statements on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Templecraft Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has

taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial

statements.

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 cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2016

and 30 September 2017

4,468

DEPRECIATION

At 1 October 2016

and 30 September 2017

4,466

NET BOOK VALUE

At 30 September 2017

2

At 30 September 2016

2

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 October 2016

and 30 September 2017

155,775

NET BOOK VALUE

At 30 September 2017

155,775

At 30 September 2016

155,775

5.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose

related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date, the company owed the director £7,281 (2016: £6,951).

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B S Chima, director and shareholder.