IRIS Accounts Production v25.1.3.33 05763842 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057638422023-09-30057638422024-09-30057638422023-10-012024-09-30057638422022-09-30057638422022-10-012023-09-30057638422023-09-3005763842ns15:EnglandWales2023-10-012024-09-3005763842ns14:PoundSterling2023-10-012024-09-3005763842ns10:Director12023-10-012024-09-3005763842ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3005763842ns10:SmallEntities2023-10-012024-09-3005763842ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3005763842ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3005763842ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3005763842ns10:FullAccounts2023-10-012024-09-3005763842ns10:Director32023-10-012024-09-3005763842ns10:Director42023-10-012024-09-3005763842ns10:RegisteredOffice2023-10-012024-09-3005763842ns5:CurrentFinancialInstruments2024-09-3005763842ns5:CurrentFinancialInstruments2023-09-3005763842ns5:Non-currentFinancialInstruments2024-09-3005763842ns5:Non-currentFinancialInstruments2023-09-3005763842ns5:ShareCapital2024-09-3005763842ns5:ShareCapital2023-09-3005763842ns5:RetainedEarningsAccumulatedLosses2024-09-3005763842ns5:RetainedEarningsAccumulatedLosses2023-09-3005763842ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-3005763842ns5:PlantMachinery2023-09-3005763842ns5:LandBuildingsns5:ShortLeaseholdAssets2023-10-012024-09-3005763842ns5:PlantMachinery2023-10-012024-09-3005763842ns5:LandBuildingsns5:ShortLeaseholdAssets2024-09-3005763842ns5:PlantMachinery2024-09-3005763842ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-3005763842ns5:PlantMachinery2023-09-3005763842ns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3005763842ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3005763842ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3005763842ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-09-3005763842ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-09-3005763842ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-09-3005763842ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-09-3005763842ns5:HirePurchaseContracts2024-09-3005763842ns5:HirePurchaseContracts2023-09-3005763842ns5:WithinOneYear2024-09-3005763842ns5:WithinOneYear2023-09-3005763842ns5:BetweenOneFiveYears2024-09-3005763842ns5:BetweenOneFiveYears2023-09-3005763842ns5:MoreThanFiveYears2024-09-3005763842ns5:MoreThanFiveYears2023-09-3005763842ns5:AllPeriods2024-09-3005763842ns5:AllPeriods2023-09-3005763842ns5:Secured2024-09-3005763842ns5:Secured2023-09-30
REGISTERED NUMBER: 05763842 (England and Wales)















TEDDINGTON APPLIANCE CONTROLS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






TEDDINGTON APPLIANCE CONTROLS LIMITED (REGISTERED NUMBER: 05763842)

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










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


TEDDINGTON APPLIANCE CONTROLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr J I Henderson
Mr T Wyatt
Mrs T Pollitt





REGISTERED OFFICE: Teddington Building
Stennack Road
Holmbush
St. Austell
Cornwall
PL25 3HG





REGISTERED NUMBER: 05763842 (England and Wales)





ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TEDDINGTON APPLIANCE CONTROLS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Teddington Appliance Controls Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Teddington Appliance Controls Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Teddington Appliance Controls Limited and state those matters that we have agreed to state to the Board of Directors of Teddington Appliance Controls Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Teddington Appliance Controls Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Teddington Appliance Controls Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Teddington Appliance Controls Limited. You consider that Teddington Appliance Controls Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Teddington Appliance Controls Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


19 June 2025

TEDDINGTON APPLIANCE CONTROLS LIMITED (REGISTERED NUMBER: 05763842)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 478,156 400,788

CURRENT ASSETS
Stocks 5 1,086,092 1,180,098
Debtors 6 934,989 1,174,513
Cash at bank and in hand 9,307 53,221
2,030,388 2,407,832
CREDITORS
Amounts falling due within one year 7 2,547,520 2,473,100
NET CURRENT LIABILITIES (517,132 ) (65,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,976

)

335,520

CREDITORS
Amounts falling due after more than one
year

8

131,691

81,691
NET (LIABILITIES)/ASSETS (170,667 ) 253,829

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (170,767 ) 253,729
SHAREHOLDERS' FUNDS (170,667 ) 253,829

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

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

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 19 June 2025 and were signed on its behalf by:





Mr J I Henderson - Director


TEDDINGTON APPLIANCE CONTROLS LIMITED (REGISTERED NUMBER: 05763842)

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


1. STATUTORY INFORMATION

Teddington Appliance Controls Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05763842 and its registered office address is Teddington Building, Stennack Road, Holmbush, St. Austell, Cornwall, PL25 3HG.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency is £ sterling.

Going concern
The company has negative reserves and is reliant on the support of its parent company and directors, who believe it is appropriate for the financial statements to be prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

LeasesA lease that does not transfer substantially all of the risks and rewards of
ownership is classified as an operating lease and is therefore not included in the
balance sheet.

Turnover
Turnover, which excludes value added tax, trade discounts and sales agents' commission, represents the value of goods supplied during the year, as adjusted for accrued and deferred income. Revenue is recognised in the accounts on dispatch of the product.

Tangible fixed assets
All tangible fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of tangible fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery3 to 10 years straight line
Leasehold improvements10 years straight line

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Tangible fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Income Statement.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Costs include all direct material and direct labour costs. Net realisable value is based on estimated selling price less additional costs to completion and disposal.


TEDDINGTON APPLIANCE CONTROLS LIMITED (REGISTERED NUMBER: 05763842)

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


2. ACCOUNTING POLICIES - continued
Taxation
The charge for taxation is based on the profit for the year and takes into account taxation deferred.

Current tax is measured at amounts expected to be paid using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Where taxable losses are available these are relieved against taxable profits in other group companies. No charge is made for the losses surrendered.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date except that the recognition of deferred tax assets is limited to the extent that the company anticipates generating sufficient taxable profits in the future to fully absorb the reversal of the underlying timing difference.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Foreign currency transactions during the year are translated into sterling at the exchange rate ruling on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. All exchange differences are dealt with through the Income Statement.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the Income Statement over the relevant period. The capital element of the future payments is treated as a liability.

Costs in respect of operating leases are charged to the Income Statement on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the pension scheme are charged in the Income Statement in the period to which they relate.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 47 ) .

TEDDINGTON APPLIANCE CONTROLS LIMITED (REGISTERED NUMBER: 05763842)

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


4. TANGIBLE FIXED ASSETS
Leasehold Plant and
improvements machinery Totals
£ £ £
COST
At 1 October 2023 198,062 589,024 787,086
Additions 9,105 125,997 135,102
At 30 September 2024 207,167 715,021 922,188
DEPRECIATION
At 1 October 2023 3,243 383,055 386,298
Charge for year 1,676 56,058 57,734
At 30 September 2024 4,919 439,113 444,032
NET BOOK VALUE
At 30 September 2024 202,248 275,908 478,156
At 30 September 2023 194,819 205,969 400,788

The net book value of tangible fixed assets includes £239,783 (2023: £150,000) in respect of assets held under hire purchase and finance leases. The depreciation charged to the financial statements in the year in respect of such assets amounted to £21,717 (2023: £18,760).

5. STOCKS
2024 2023
£ £
Raw materials 941,540 1,010,458
Work-in-progress 29,620 48,447
Finished goods 114,932 121,193
1,086,092 1,180,098

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 679,355 750,456
Amounts owed by group undertakings 139,447 246,770
Other debtors 34,116 34,116
VAT 24,494 90,177
Prepayments and accrued income 57,577 52,994
934,989 1,174,513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank facilities 583,897 78,903
Hire purchase contracts (see note 9) 51,510 31,915
Trade creditors 266,961 467,478
Amounts owed to group undertakings 1,574,405 1,824,999
Social security and other taxes 17,077 26,769
Other creditors 3,903 6,130
Accruals and deferred income 49,767 36,906
2,547,520 2,473,100

TEDDINGTON APPLIANCE CONTROLS LIMITED (REGISTERED NUMBER: 05763842)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 9) 131,691 81,691

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 51,510 31,915
Between one and five years 131,691 81,691
183,201 113,606

Non-cancellable
operating leases
2024 2023
£ £
Within one year 161,350 158,596
Between one and five years 586,972 587,317
In more than five years 433,836 578,448
1,182,158 1,324,361

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 183,201 113,606
Bank facilities 583,897 78,903
767,098 192,509

The hire purchase contracts are secured over the assets to which they relate.

The bank facilities are secured by a fixed and floating charge over all the companies assets, and are guaranteed by other group companies.

11. CONTINGENT LIABILITIES

The company has entered into a cross guarantee arrangement with its fellow group companies Teddington Electronics Limited and Henderson Industries Limited in respect of their bank facilities. The balance as at 30 September 2024 is £144,916 (2023: £Nil).

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year royalties of £4,225 (2023: £2,958) were paid to a company with a common director. The balance due to the related party at the year end was £Nil (2023: £Nil).

TEDDINGTON APPLIANCE CONTROLS LIMITED (REGISTERED NUMBER: 05763842)

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


13. ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

The ultimate parent company is Henderson Industries Limited, a company incorporated in England and Wales.
The ultimate controlling party is Mr J I Henderson.