Registered number
12293242
TEMKA LIMITED
Filleted Accounts
30 April 2022
TEMKA LIMITED
Registered number: 12293242
Balance Sheet
as at 30 April 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 17,945 19,937
17,945 19,937
Current assets
Stocks 92,510 78,280
Cash at bank and in hand 15,597 5,838
108,107 84,118
Creditors: amounts falling due within one year 4 (75,501) (52,870)
Net current assets 32,606 31,248
Total assets less current liabilities 50,551 51,185
Creditors: amounts falling due after more than one year 5 (49,288) (50,000)
Net assets 1,263 1,185
Capital and reserves
Called up share capital 100 100
Share premium - -
Revaluation reserve - -
Profit and loss account 1,163 1,085
Shareholder's funds 1,263 1,185
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Taylan Kale
Director
Approved by the board on 17 August 2022
TEMKA LIMITED
Notes to the Accounts
for the year ended 30 April 2022
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 7 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2021 - 11,675 10,476 22,151
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 30 April 2022 - 11,675 10,476 22,151
Depreciation
At 1 May 2021 - 1,167 1,047 2,214
Charge for the year - 1,050 942 1,992
Surplus on revaluation - - - -
On disposals - - - -
At 30 April 2022 - 2,217 1,989 4,206
Net book value
At 30 April 2022 - 9,458 8,487 17,945
At 30 April 2021 - 10,508 9,429 19,937
4 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 1,694 3,032
Trade creditors 3,135 11,085
Taxation and social security costs 7,872 4,091
Other creditors 62,800 34,662
75,501 52,870
5 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 49,288 50,000
49,288 50,000
6 Controlling party
Taylan Kale
Suat Temur
7 Other information
TEMKA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
235-239 Wood Lane
London
United Kingdom
W12 0HL
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