IRIS Accounts Production v23.3.0.418 07155427 director 1.9.22 31.8.23 31.8.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071554272022-08-31071554272023-08-31071554272022-09-012023-08-31071554272021-08-31071554272021-09-012022-08-31071554272022-08-3107155427ns10:Originalns15:EnglandWales2022-09-012023-08-3107155427ns14:PoundSterlingns10:Original2022-09-012023-08-3107155427ns10:Originalns10:Director12022-09-012023-08-3107155427ns10:Original2022-09-012023-08-3107155427ns10:Original2023-08-3107155427ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-3107155427ns10:Originalns10:SmallEntities2022-09-012023-08-3107155427ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3107155427ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3107155427ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-3107155427ns10:Originalns10:FullAccounts2022-09-012023-08-3107155427ns10:Original12022-09-012023-08-3107155427ns10:Originalns10:OrdinaryShareClass12022-09-012023-08-3107155427ns10:Originalns10:RegisteredOffice2022-09-012023-08-3107155427ns10:Original2022-08-3107155427ns10:Originalns5:CurrentFinancialInstruments2023-08-3107155427ns10:Originalns5:CurrentFinancialInstruments2022-08-3107155427ns10:Originalns5:Non-currentFinancialInstruments2023-08-3107155427ns10:Originalns5:Non-currentFinancialInstruments2022-08-3107155427ns5:ShareCapitalns10:Original2023-08-3107155427ns5:ShareCapitalns10:Original2022-08-3107155427ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3107155427ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3107155427ns10:Originalns5:NetGoodwill2022-09-012023-08-3107155427ns10:Originalns5:LeaseholdImprovements2022-09-012023-08-3107155427ns10:Originalns5:PlantMachinery2022-09-012023-08-3107155427ns10:Originalns5:FurnitureFittings2022-09-012023-08-3107155427ns10:Originalns5:MotorVehicles2022-09-012023-08-3107155427ns10:Originalns5:ComputerEquipment2022-09-012023-08-3107155427ns10:Original2021-09-012022-08-3107155427ns10:Originalns5:NetGoodwill2022-08-3107155427ns10:Originalns5:NetGoodwill2023-08-3107155427ns10:Originalns5:NetGoodwill2022-08-3107155427ns10:Originalns5:PlantMachinery2022-08-3107155427ns10:Originalns5:PlantMachinery2023-08-3107155427ns10:Originalns5:PlantMachinery2022-08-3107155427ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-08-3107155427ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-012023-08-3107155427ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-3107155427ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-08-3107155427ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3107155427ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3107155427ns10:Originalns5:CurrentFinancialInstruments2022-09-012023-08-3107155427ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3107155427ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3107155427ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-08-3107155427ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-08-3107155427ns10:Originalns5:HirePurchaseContracts2023-08-3107155427ns10:Originalns5:HirePurchaseContracts2022-08-3107155427ns10:Originalns5:WithinOneYear2023-08-3107155427ns10:Originalns5:WithinOneYear2022-08-3107155427ns5:BetweenOneFiveYearsns10:Original2023-08-3107155427ns5:BetweenOneFiveYearsns10:Original2022-08-3107155427ns10:Originalns5:AllPeriods2023-08-3107155427ns10:Originalns5:AllPeriods2022-08-3107155427ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-08-3107155427ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-08-3107155427ns10:Originalns5:DeferredTaxation2022-08-3107155427ns10:Originalns5:DeferredTaxation2022-09-012023-08-3107155427ns10:Originalns5:DeferredTaxation2023-08-3107155427ns10:Originalns10:OrdinaryShareClass12023-08-31
REGISTERED NUMBER: 07155427 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Temples East Anglia Limited

Temples East Anglia Limited (Registered number: 07155427)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Temples East Anglia Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: D E Wilson





REGISTERED OFFICE: The Estate Office
5 Brunel Business Court
Bury St Edmunds
Suffolk
IP32 7AB





REGISTERED NUMBER: 07155427 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
Eldo House, Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Temples East Anglia Limited (Registered number: 07155427)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 83,169 34,688
83,169 34,688

CURRENT ASSETS
Debtors 6 1,119 22,455
Cash at bank 53,412 64,705
54,531 87,160
CREDITORS
Amounts falling due within one year 7 28,120 38,828
NET CURRENT ASSETS 26,411 48,332
TOTAL ASSETS LESS CURRENT LIABILITIES 109,580 83,020

CREDITORS
Amounts falling due after more than one
year

8

(23,565

)

-

PROVISIONS FOR LIABILITIES 11 (7,131 ) (2,777 )
NET ASSETS 78,884 80,243

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 78,784 80,143
SHAREHOLDERS' FUNDS 78,884 80,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Temples East Anglia Limited (Registered number: 07155427)

Balance Sheet - continued
31 August 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2023 and were signed by:





D E Wilson - Director


Temples East Anglia Limited (Registered number: 07155427)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Temples East Anglia 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Income is recognised in the accounts when the company receives the right to receive consideration under the performance of the contract. Where invoices are raised in a different accounting period to where the companies obligations are met, income is either accrued in trade debtors or deferred in creditors.

Goodwill
Goodwill is the amount paid in connection with the acquisition of a business in 2014. Amortisation is provided over its estimated useful life where material.

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.
Improvements to property - 10 years straight line
Plant and machinery - 25% on reducing balance
Fixtures & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Temples East Anglia Limited (Registered number: 07155427)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Impairment
At each reporting date, tangible fixed assets are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Temples East Anglia Limited (Registered number: 07155427)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 3
AMORTISATION
At 1 September 2022
and 31 August 2023 3
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 89,177
Additions 76,575
Disposals (38,769 )
At 31 August 2023 126,983
DEPRECIATION
At 1 September 2022 54,489
Charge for year 21,196
Eliminated on disposal (31,871 )
At 31 August 2023 43,814
NET BOOK VALUE
At 31 August 2023 83,169
At 31 August 2022 34,688

Temples East Anglia Limited (Registered number: 07155427)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 September 2022 22,135
Additions 39,500
Transfer to ownership (22,135 )
At 31 August 2023 39,500
DEPRECIATION
At 1 September 2022 6,225
Charge for year 12,207
Transfer to ownership (10,203 )
At 31 August 2023 8,229
NET BOOK VALUE
At 31 August 2023 31,271
At 31 August 2022 15,910

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,119 22,455

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 1,134 6,993
Taxation and social security 10,045 14,986
Other creditors 16,941 16,849
28,120 38,828

Other creditors includes amounts owed to the Director.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 23,565 -

Temples East Anglia Limited (Registered number: 07155427)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 1,134 6,993
Between one and five years 23,565 -
24,699 6,993

Non-cancellable operating leases
2023 2022
£    £   
Within one year 16,800 4,800
Between one and five years 42,000 -
58,800 4,800

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 24,699 6,993

Hire purchase liabilities are secured over the assets financed under the agreement.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 7,131 2,777

Deferred
tax
£   
Balance at 1 September 2022 2,777
Utilised during year 4,354
Balance at 31 August 2023 7,131

Temples East Anglia Limited (Registered number: 07155427)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100