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REGISTERED NUMBER: 02025546 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

TEMPLECOOMBE LIMITED

TEMPLECOOMBE LIMITED (REGISTERED NUMBER: 02025546)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TEMPLECOOMBE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A Thomsen
C G A Thomsen



SECRETARY: A Thomsen



REGISTERED OFFICE: The Old Maltings
102a High Street
Olney
Buckinghamshire
MK46 4BE



REGISTERED NUMBER: 02025546 (England and Wales)



ACCOUNTANTS: Shaw Gibbs Limited
Eagle House
28 Billing Road
Northampton
NN1 5AJ



BANKERS: Barclays Bank
High Street
Bedford
MK40 1NJ

TEMPLECOOMBE LIMITED (REGISTERED NUMBER: 02025546)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,371 7,576

CURRENT ASSETS
Debtors 5 655,261 586,579
Cash at bank and in hand 319,212 421,565
974,473 1,008,144
CREDITORS
Amounts falling due within one year 6 371,726 398,682
NET CURRENT ASSETS 602,747 609,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

632,118

617,038

CREDITORS
Amounts falling due after more than one
year

7

-

(21,950

)

PROVISIONS FOR LIABILITIES 9 (7,342 ) (1,849 )
NET ASSETS 624,776 593,239

CAPITAL AND RESERVES
Called up share capital 10 30,000 30,000
Retained earnings 594,776 563,239
SHAREHOLDERS' FUNDS 624,776 593,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

TEMPLECOOMBE LIMITED (REGISTERED NUMBER: 02025546)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 9 January 2025 and were signed on its behalf by:





A Thomsen - Director


TEMPLECOOMBE LIMITED (REGISTERED NUMBER: 02025546)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Templecoombe 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

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.
Fixtures and fittings - 15% - 25% on reducing balance

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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 statement of financial position date.


TEMPLECOOMBE LIMITED (REGISTERED NUMBER: 02025546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

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 statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Derivative instruments
The company uses forward foreign currency contracts to reduce exposure to foreign exchange rates. Derivative financial instruments are initially measured at fair value on the date on which a derivative contract is entered into and are subsequently measured at fair value through profit or loss. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative. The fair value of the forward currency contracts is calculated by reference to current forward exchange contracts with similar maturity profiles.

Government grants
Government grant income is recognised as it is received.

TEMPLECOOMBE LIMITED (REGISTERED NUMBER: 02025546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 22,524
Additions 26,415
Disposals (6,505 )
At 30 June 2024 42,434
DEPRECIATION
At 1 July 2023 14,948
Charge for year 3,709
Eliminated on disposal (5,594 )
At 30 June 2024 13,063
NET BOOK VALUE
At 30 June 2024 29,371
At 30 June 2023 7,576

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 197,388 121,254
Other debtors 363,375 365,893
Directors' current accounts 70,000 70,000
Tax 20,466 26,000
Prepayments and accrued income 4,032 3,432
655,261 586,579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,631 37,818
Trade creditors 203,278 172,678
Tax 31,962 42,498
Social security and other taxes 2,758 2,435
VAT 52,578 56,643
Other creditors 43,658 68,744
Accruals and deferred income 22,861 17,866
371,726 398,682

TEMPLECOOMBE LIMITED (REGISTERED NUMBER: 02025546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 21,950

8. FINANCIAL INSTRUMENTS

The company uses forward foreign exchange contracts to mitigate exchange rate exposure arising from forecast purchases in Euros and other currencies. At the year end the company was committed to purchasing at €137,450 at a rate of €1.17:£1.00 (2023: €47,495 at a rate of €1.15:£1.00)

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,342 1,849

Deferred
tax
£   
Balance at 1 July 2023 1,849
Charge to Income Statement during year 5,493
Balance at 30 June 2024 7,342

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30,000 Ordinary £1 30,000 30,000

11. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
A Thomsen and C G A Thomsen
Balance outstanding at start of year 70,000 87,000
Amounts repaid - (17,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 70,000 70,000

The amounts outstanding at the year end are repayable on demand. Interest is charged at a rate of 2.5% per annum.