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REGISTERED NUMBER: 01839683 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

TEMPERATE HEATING LTD

TEMPERATE HEATING LTD (REGISTERED NUMBER: 01839683)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEMPERATE HEATING LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R J Tinklin
M T Tinklin





REGISTERED OFFICE: 12 Rainham Road
Chatham
Kent
ME5 7EJ





REGISTERED NUMBER: 01839683 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

TEMPERATE HEATING LTD (REGISTERED NUMBER: 01839683)

Balance Sheet
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 17,623 1
Tangible assets 6 482,423 491,154
500,046 491,155

CURRENT ASSETS
Stocks 314,989 375,515
Debtors 7 486,965 160,510
Cash at bank 114,714 427,085
916,668 963,110
CREDITORS
Amounts falling due within one year 8 324,910 351,648
NET CURRENT ASSETS 591,758 611,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,091,804

1,102,617

CREDITORS
Amounts falling due after more than one
year

9

(44,151

)

(47,269

)

PROVISIONS FOR LIABILITIES (8,956 ) (3,167 )
NET ASSETS 1,038,697 1,052,181

CAPITAL AND RESERVES
Called up share capital 103,526 103,526
Retained earnings 935,171 948,655
SHAREHOLDERS' FUNDS 1,038,697 1,052,181

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

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

TEMPERATE HEATING LTD (REGISTERED NUMBER: 01839683)

Balance Sheet - continued
31 DECEMBER 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 10 June 2025 and were signed on its behalf by:




R J Tinklin - Director



M T Tinklin - Director


TEMPERATE HEATING LTD (REGISTERED NUMBER: 01839683)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Temperate Heating Ltd 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. STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes. Turnover is not recognised when goods or services are exchanged for goods or services that are of a similar nature and value or when the transaction lacks commercial substance.

Sale of goods

Turnover 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 the 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;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

The percentage of completion method is used to calculate the revenue recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

TEMPERATE HEATING LTD (REGISTERED NUMBER: 01839683)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1985, has been amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance and straight line over lease term

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss, 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 that have been enacted or substantively enacted by the balance sheet date.

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.

Employee benefits
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

TEMPERATE HEATING LTD (REGISTERED NUMBER: 01839683)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets/liabilities including trade and other receivables/payables, cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method.

Hire purchase and leasing commitments
Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

5. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 January 2024 74,177 - 74,177
Additions - 19,580 19,580
At 31 December 2024 74,177 19,580 93,757
AMORTISATION
At 1 January 2024 74,176 - 74,176
Amortisation for year - 1,958 1,958
At 31 December 2024 74,176 1,958 76,134
NET BOOK VALUE
At 31 December 2024 1 17,622 17,623
At 31 December 2023 1 - 1

TEMPERATE HEATING LTD (REGISTERED NUMBER: 01839683)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 593,193 27,540 89,230 143,934 853,897
Additions - - 17,915 - 17,915
Disposals - - (14,904 ) - (14,904 )
At 31 December 2024 593,193 27,540 92,241 143,934 856,908
DEPRECIATION
At 1 January 2024 169,628 26,472 84,589 82,054 362,743
Charge for year 11,864 214 6,559 8,009 26,646
Eliminated on disposal - - (14,904 ) - (14,904 )
At 31 December 2024 181,492 26,686 76,244 90,063 374,485
NET BOOK VALUE
At 31 December 2024 411,701 854 15,997 53,871 482,423
At 31 December 2023 423,565 1,068 4,641 61,880 491,154

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 57,912
DEPRECIATION
At 1 January 2024 5,614
Charge for year 5,614
At 31 December 2024 11,228
NET BOOK VALUE
At 31 December 2024 46,684
At 31 December 2023 52,298

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 180,135 159,418
Other debtors 306,830 1,092
486,965 160,510

TEMPERATE HEATING LTD (REGISTERED NUMBER: 01839683)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,118 2,145
Trade creditors 171,471 293,501
Taxation and social security 44,005 30,102
Other creditors 106,316 25,900
324,910 351,648

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 44,151 47,269

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £14,412 (2023: £22,273)

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
R J Tinklin
Balance outstanding at start of year (17,990 ) (20,025 )
Amounts advanced 107 22,035
Amounts repaid (79,980 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (97,863 ) (17,990 )

The loan from the director to the company is unsecured, interest free and repayable on demand.

12. RELATED PARTY DISCLOSURES

Included within other debtors is a £300,000 loan to David Paul - Property Limited, a company of which the domestic partner of the director, Mr R Tinklin, is the sole shareholder and director.