Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01truefalseNo description of principal activity1313trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03546705 2023-10-01 2024-09-30 03546705 2022-10-01 2023-09-30 03546705 2024-09-30 03546705 2023-09-30 03546705 c:Director3 2023-10-01 2024-09-30 03546705 d:PlantMachinery 2023-10-01 2024-09-30 03546705 d:PlantMachinery 2024-09-30 03546705 d:PlantMachinery 2023-09-30 03546705 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03546705 d:FurnitureFittings 2023-10-01 2024-09-30 03546705 d:FurnitureFittings 2024-09-30 03546705 d:FurnitureFittings 2023-09-30 03546705 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03546705 d:ComputerEquipment 2023-10-01 2024-09-30 03546705 d:ComputerEquipment 2024-09-30 03546705 d:ComputerEquipment 2023-09-30 03546705 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03546705 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03546705 d:CurrentFinancialInstruments 2024-09-30 03546705 d:CurrentFinancialInstruments 2023-09-30 03546705 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03546705 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03546705 d:ShareCapital 2024-09-30 03546705 d:ShareCapital 2023-09-30 03546705 d:OtherMiscellaneousReserve 2023-10-01 2024-09-30 03546705 d:OtherMiscellaneousReserve 2024-09-30 03546705 d:OtherMiscellaneousReserve 2023-09-30 03546705 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 03546705 d:RetainedEarningsAccumulatedLosses 2024-09-30 03546705 d:RetainedEarningsAccumulatedLosses 2023-09-30 03546705 c:FRS102 2023-10-01 2024-09-30 03546705 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03546705 c:FullAccounts 2023-10-01 2024-09-30 03546705 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03546705 2 2023-10-01 2024-09-30 03546705 6 2023-10-01 2024-09-30 03546705 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 03546705










TEMPERATURE TECHNOLOGY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
TEMPERATURE TECHNOLOGY LIMITED
REGISTERED NUMBER: 03546705

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,257
12,955

Investments
 5 
-
248,252

  
19,257
261,207

Current assets
  

Stocks
  
1,809,402
2,123,270

Debtors: amounts falling due within one year
 6 
697,426
869,871

Cash at bank and in hand
  
96,898
63,635

  
2,603,726
3,056,776

Creditors: amounts falling due within one year
 7 
(328,600)
(747,277)

Net current assets
  
 
 
2,275,126
 
 
2,309,499

Total assets less current liabilities
  
2,294,383
2,570,706

  

Net assets
  
2,294,383
2,570,706


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Other reserves
 8 
-
(2,984)

Profit and loss account
 8 
2,194,383
2,473,690

  
2,294,383
2,570,706


Page 1

 
TEMPERATURE TECHNOLOGY LIMITED
REGISTERED NUMBER: 03546705
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






V A Riddett
Director
Date: 10 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TEMPERATURE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company, which was incorporated and registered in England and Wales (registered number 03546705), is a privately owned company limited by shares. The registered office address is 21 Ivanhoe Road, Hogwood Industrial Estate, Finchhampstead, Berkshire, RG40 4QQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
TEMPERATURE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TEMPERATURE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
25%
straight line
Fixtures & fittings
-
25%
straight line
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
TEMPERATURE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 13).

Page 6

 
TEMPERATURE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
9,849
29,905
40,784
80,538


Additions
237
-
13,332
13,569


Disposals
-
-
(17,386)
(17,386)



At 30 September 2024

10,086
29,905
36,730
76,721



Depreciation


At 1 October 2023
9,849
25,102
32,632
67,583


Charge for the year on owned assets
10
1,458
5,799
7,267


Disposals
-
-
(17,386)
(17,386)



At 30 September 2024

9,859
26,560
21,045
57,464



Net book value



At 30 September 2024
227
3,345
15,685
19,257



At 30 September 2023
-
4,803
8,152
12,955


5.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£





At 1 October 2023
1
248,251
248,252


Disposals
(1)
(248,251)
(248,252)



At 30 September 2024
-
-
-




Page 7

 
TEMPERATURE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
671,020
845,215

Other debtors
9,737
9,733

Prepayments and accrued income
16,669
14,923

697,426
869,871



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
239,126
530,959

Corporation tax
53,604
166,780

Other taxation and social security
27,032
42,951

Accruals and deferred income
8,838
6,587

328,600
747,277



8.


Reserves

Fair value reserve

Non-distributable element of profit and loss account being cumulative fair value adjustments net of deferred tax thereon.

Profit & loss account

Distributable net cumulative profit and losses after dividends and other adjustments.

 
Page 8