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Company Registration No. NI646820 (Northern Ireland)
Temple M&E Ltd Unaudited accounts for the year ended 31 July 2024
Temple M&E Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,894 
11,721 
Current assets
Inventories
106,874 
118,459 
Debtors
185,967 
101,249 
Cash at bank and in hand
- 
2,972 
292,841 
222,680 
Creditors: amounts falling due within one year
(272,829)
(200,797)
Net current assets
20,012 
21,883 
Total assets less current liabilities
29,906 
33,604 
Creditors: amounts falling due after more than one year
(29,806)
(33,003)
Net assets
100 
601 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
- 
501 
Shareholders' funds
100 
601 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 January 2025 and were signed on its behalf by
Steven Cray Director Company Registration No. NI646820
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Temple M&E Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Temple M&E Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI646820. The registered office is Unit 2 Colvin House Carrowreagh Road, Dundonald, Belfast, BT16 1QT, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The director of Temple M&E Ltd believes that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least twelve months from the date of signing. Accordingly, Temple M&E Ltd continues to adopt the going concern basis in preparing the financial statements.
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 from the sale of electrical goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of installation of electrical services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% - Straight Line
Motor vehicles
25% - Reducing Balance
Computer equipment
33% - Straight Line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Temple M&E Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
3,985 
30,300 
1,136 
35,421 
Additions
1,241 
- 
338 
1,579 
At 31 July 2024
5,226 
30,300 
1,474 
37,000 
Depreciation
At 1 August 2023
3,745 
19,028 
927 
23,700 
Charge for the year
361 
2,818 
227 
3,406 
At 31 July 2024
4,106 
21,846 
1,154 
27,106 
Net book value
At 31 July 2024
1,120 
8,454 
320 
9,894 
At 31 July 2023
240 
11,272 
209 
11,721 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
71,005 
78,702 
Finished goods
35,869 
39,757 
106,874 
118,459 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
28,490 
33,189 
Trade debtors
114,982 
49,356 
Other debtors
42,495 
18,704 
185,967 
101,249 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
91,184 
7,914 
Obligations under finance leases and hire purchase contracts
5,814 
6,365 
Trade creditors
117,428 
151,537 
Taxes and social security
37,154 
17,924 
Other creditors
19,449 
15,307 
Accruals
1,800 
1,750 
272,829 
200,797 
- 4 -
Temple M&E Ltd Notes to the Accounts for the year ended 31 July 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,486 
19,871 
Obligations under finance leases and hire purchase contracts
7,320 
13,132 
29,806 
33,003 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 9 (2023: 10).
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