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REGISTERED NUMBER: 05421563 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Templine Limited

Templine Limited (Registered number: 05421563)






Contents of the Financial Statements
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Templine Limited

Company Information
for the Year Ended 31 MARCH 2024







DIRECTORS: J S Cutler
J Stevens





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 05421563 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

Templine Limited (Registered number: 05421563)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 465,120 334,327

CURRENT ASSETS
Stocks 5 3,750 3,880
Debtors 6 50,167 53,815
Cash at bank and in hand 196,139 258,458
250,056 316,153
CREDITORS
Amounts falling due within one year 7 56,995 86,562
NET CURRENT ASSETS 193,061 229,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

658,181

563,918

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 658,081 563,818
SHAREHOLDERS' FUNDS 658,181 563,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Templine Limited (Registered number: 05421563)

Balance Sheet - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





J Stevens - Director


Templine Limited (Registered number: 05421563)

Notes to the Financial Statements
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Templine 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

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 3 (2023 - 2 ) .

Templine Limited (Registered number: 05421563)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 780,432 16,141 95,604 1,866 894,043
Additions 215,063 - 74,817 - 289,880
Disposals - - (30,324 ) - (30,324 )
At 31 March 2024 995,495 16,141 140,097 1,866 1,153,599
DEPRECIATION
At 1 April 2023 500,676 14,993 42,596 1,451 559,716
Charge for year 123,704 287 30,944 104 155,039
Eliminated on disposal - - (26,276 ) - (26,276 )
At 31 March 2024 624,380 15,280 47,264 1,555 688,479
NET BOOK VALUE
At 31 March 2024 371,115 861 92,833 311 465,120
At 31 March 2023 279,756 1,148 53,008 415 334,327

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 3,750 3,880

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 140 49,458
Other debtors 2,775 3,275
VAT 43,377 -
Prepayments 3,875 1,082
50,167 53,815

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 47,770 12,391
Tax - 41,770
VAT - 22,549
Accrued expenses 9,225 9,852
56,995 86,562

Templine Limited (Registered number: 05421563)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary Shares £1.00 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 563,818
Profit for the year 107,463
Dividends (13,200 )
At 31 March 2024 658,081

10. RELATED PARTY DISCLOSURES

During the year Templine Limited charged for services totally £427,130 to Templine Electrical Services Limited a company in which Jamie Cutler is a 50% shareholder.