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REGISTERED NUMBER: 03705168 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TEMATI (UK) LIMITED

TEMATI (UK) LIMITED (REGISTERED NUMBER: 03705168)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TEMATI (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A Cholerton
S A C M Naenen
A Jongkind


REGISTERED OFFICE: Unit 3A
Isabella Court
Millenium Business Park
Mansfield
Nottinghamshire
NG19 7JZ


REGISTERED NUMBER: 03705168 (England and Wales)


SENIOR STATUTORY AUDITOR: Adrian Harby FCCA


AUDITORS: Lemans
Statutory Auditor
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA


BANKERS: Barclays Bank PLC
Middlesborough Business Centre
The Tees Group (South)
P O Box 19
Middlesborough
TS1 1QE

TEMATI (UK) LIMITED (REGISTERED NUMBER: 03705168)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,135 3,573

CURRENT ASSETS
Stocks 5 457,370 456,820
Debtors 6 467,574 356,107
Cash at bank and in hand 13,595 95,059
938,539 907,986
CREDITORS
Amounts falling due within one year 7 344,912 273,540
NET CURRENT ASSETS 593,627 634,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

596,762

638,019

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 596,760 638,017
SHAREHOLDERS' FUNDS 596,762 638,019

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 18 April 2024 and were signed on its behalf by:




S A C M Naenen - Director



A Cholerton - Director


TEMATI (UK) LIMITED (REGISTERED NUMBER: 03705168)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Temati (UK) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when sufficient risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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 reducing balance
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment loses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition.
Cost is calculated using the first in, first out formula.
Provision is made for damaged, obsolete and slow-moving stock where appropriate

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 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.


TEMATI (UK) LIMITED (REGISTERED NUMBER: 03705168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Leasing commitments
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Interest receivable

Interest income is recognised on an accrual basis.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

TEMATI (UK) LIMITED (REGISTERED NUMBER: 03705168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 14,016 10,657 11,111 35,784
Additions - - 1,165 1,165
At 31 December 2023 14,016 10,657 12,276 36,949
DEPRECIATION
At 1 January 2023 13,547 7,559 11,105 32,211
Charge for year 469 826 308 1,603
At 31 December 2023 14,016 8,385 11,413 33,814
NET BOOK VALUE
At 31 December 2023 - 2,272 863 3,135
At 31 December 2022 469 3,098 6 3,573

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 457,370 456,820

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 380,661 323,984
Amounts owed by group undertakings 57,349 14,874
Prepayments 29,564 17,249
467,574 356,107

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 149,313 169,958
Amounts owed to group undertakings 36,849 18,269
Corporation tax 33,670 3,790
Social security and other taxes 40,210 38,012
Other creditors 64,929 29,411
Accrued expenses 19,941 14,100
344,912 273,540

TEMATI (UK) LIMITED (REGISTERED NUMBER: 03705168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary shares £1 2 2

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adrian Harby FCCA (Senior Statutory Auditor)
for and on behalf of Lemans

10. RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of the group headed by Verkoopmaatschappij Van Technische Materialen voor Isolatiebescherming Temati B.V , the company has taken advantage of the exemption contained in FRS 102 Section 33.1A and has therefore not disclosed transactions or balances with entities which form part of the group. The consolidated financial statements of Verkoopmaatschappij Van Technische Materialen voor Isolatiebescherming Temati B.V , within which this company is included can be obtained from the address given in the ultimate controlling party note.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Verkoopmaatschappij Van Technische Materialen voor Isolatiebescherming Temati B.V, which is registered in the Netherlands.

The ultimate parent company is Ipcom NV, a company registered in Belgium. Group financial statements for each of these companies are available from 94 Brusselsesteenweg Box 201.9090, Melle, Belgium.

12. FINANCIAL COMMITMENTS

Total financial commitments include leasing commitments of £105,788 (2022 £149,772)