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REGISTERED NUMBER: 05133255 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2021

for

TERMTEX LIMITED

TERMTEX LIMITED (REGISTERED NUMBER: 05133255)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TERMTEX LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2021







Directors: Mr S Slater
Mr A Slater





Registered office: Eckersley Mill
Swan Meadow Road
Wigan
Lancashire
WN3 5BD





Registered number: 05133255 (England and Wales)





Accountants: NR Barton
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

TERMTEX LIMITED (REGISTERED NUMBER: 05133255)

Balance Sheet
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,486 81,254

CURRENT ASSETS
Stocks 250,713 222,535
Debtors 5 37,530 20,435
Cash at bank and in hand 2,090 8,714
290,333 251,684
CREDITORS
Amounts falling due within one year 6 98,856 70,142
NET CURRENT ASSETS 191,477 181,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,963

262,796

CREDITORS
Amounts falling due after more than one
year

7

-

24,694
NET ASSETS 241,963 238,102

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 241,960 238,099
SHAREHOLDERS' FUNDS 241,963 238,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

TERMTEX LIMITED (REGISTERED NUMBER: 05133255)

Balance Sheet - continued
31 DECEMBER 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2022 and were signed on its behalf by:





Mr A Slater - Director


TERMTEX LIMITED (REGISTERED NUMBER: 05133255)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Termtex 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.

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 Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2020 - 11 ) .

TERMTEX LIMITED (REGISTERED NUMBER: 05133255)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2021 4,711 133,514 11,827 87,106 237,158
Additions - - 2,531 - 2,531
Disposals - - - (44,706 ) (44,706 )
At 31 December 2021 4,711 133,514 14,358 42,400 194,983
DEPRECIATION
At 1 January 2021 - 101,151 9,699 45,054 155,904
Charge for year - 4,855 642 10,033 15,530
Eliminated on disposal - - - (26,937 ) (26,937 )
At 31 December 2021 - 106,006 10,341 28,150 144,497
NET BOOK VALUE
At 31 December 2021 4,711 27,508 4,017 14,250 50,486
At 31 December 2020 4,711 32,363 2,128 42,052 81,254

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 9,496 5,165
Other debtors 28,034 15,270
37,530 20,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 35,243 -
Hire purchase contracts 457 10,767
Trade creditors 38,185 30,164
Taxation and social security 22,271 27,934
Other creditors 2,700 1,277
98,856 70,142

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts - 24,694

TERMTEX LIMITED (REGISTERED NUMBER: 05133255)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
3 Ordinary £1 3 3