REGISTERED NUMBER: 05025557 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

TEMBE DIY PRODUCTS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr G Malam

SECRETARY:

Mr P Malam

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

05025557 (England and Wales)

ACCOUNTANTS:

STGCA LLP t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Tembe DIY Products Limited for the year ended 30 April 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 director of Tembe DIY Products Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tembe DIY Products Limited and state those matters that we have agreed to state to the director of Tembe DIY Products Limited 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 Tembe DIY Products Limited and its director for our work or for this report.

It is your duty to ensure that Tembe DIY Products 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 profit of Tembe DIY Products Limited. You consider that Tembe DIY Products 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 Tembe DIY Products 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.

STGCA LLP t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

18 September 2025

FIXED ASSETS

Tangible assets

4

342,151

374,699

CURRENT ASSETS

Stocks

5

1,337,807

1,358,648

Debtors

6

2,452,104

2,099,176

Cash at bank and in hand

11,836

119,649

3,801,747

3,577,473

CREDITORS

Amounts falling due within one year

7

3,836,627

3,621,068

NET CURRENT LIABILITIES

(34,880

)

(43,595

)

TOTAL ASSETS LESS CURRENT LIABILITIES

307,271

331,104

CREDITORS

Amounts falling due after more than one year

8

(3,334

)

(43,333

)

PROVISIONS FOR LIABILITIES

11

(84,405

)

(92,281

)

NET ASSETS

219,532

195,490

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

219,432

195,390

SHAREHOLDERS' FUNDS

219,532

195,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 September 2025 and were signed by:

Mr G Malam - Director

1.	STATUTORY INFORMATION

Tembe DIY Products 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.

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.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Holiday pay accrual

The company has adopted the policy of accruing holiday pay costs as required under FRS102 1A, however, there were no provisions due for year ended 30 April 2024.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

35,350

563,705

14,916

169,053

783,024

Additions

-

22,513

-

8,487

31,000

At 30 April 2025

35,350

586,218

14,916

177,540

814,024

DEPRECIATION

At 1 May 2024

27,525

226,999

11,246

142,555

408,325

Charge for year

1,956

52,602

1,022

7,968

63,548

At 30 April 2025

29,481

279,601

12,268

150,523

471,873

NET BOOK VALUE

At 30 April 2025

5,869

306,617

2,648

27,017

342,151

At 30 April 2024

7,825

336,706

3,670

26,498

374,699

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 May 2024

and 30 April 2025

14,916

DEPRECIATION

At 1 May 2024

11,246

Charge for year

1,022

At 30 April 2025

12,268

NET BOOK VALUE

At 30 April 2025

2,648

At 30 April 2024

3,670

5.

STOCKS

30/4/25

30/4/24

£

£

Stocks

1,337,807

1,358,648

6.

DEBTORS

30/4/25

30/4/24

£

£

Amounts falling due within one year:

Trade debtors

1,841,697

1,575,858

Other debtors

252,972

140,118

Directors' current accounts

110,934

112,177

Prepayments

205,424

229,946

2,411,027

2,058,099

Amounts falling due after more than one year:

Tax

41,077

41,077

Aggregate amounts

2,452,104

2,099,176

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Bank loans and overdrafts (see note 9)

40,000

40,000

Other loans (see note 9)

1,401,237

1,235,903

Trade creditors

1,718,958

1,705,985

Tax

479

-

Social security and other taxes

19,748

26,817

VAT

253,955

168,955

Other creditors

396,450

437,808

Accrued expenses

5,800

5,600

3,836,627

3,621,068

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/25

30/4/24

£

£

Bank loans (see note 9)

3,334

43,333

9.

LOANS

An analysis of the maturity of loans is given below:

30/4/25

30/4/24

£

£

Amounts falling due within one year or on demand:

Bank loans

40,000

40,000

Amount due to invoice finance

1,401,237

1,235,903

1,441,237

1,275,903

Amounts falling due between two and five years:

Bank loans - 2-5 years

3,334

43,333

Included within loans is Coronavirus Business Interruption Loan (CBIL) of £43,334. The loan is repayable by 2026 with the rate of interest being 3.99%.

10.	SECURED DEBTS

The following secured debts are included within creditors:

30/4/25

30/4/24

£

£

Amount due to invoice finance

1,401,237

1,235,903

Included within creditors, are amounts due to the Bank for advances received under an invoice discount facility. The amounts advanced are secured by way of a fixed and floating charge over the company's assets.

11.	PROVISIONS FOR LIABILITIES

30/4/25

30/4/24

£

£

Deferred tax

84,405

92,281

Deferred tax

£

Balance at 1 May 2024

92,281

Accelerated Capital Allowances

(7,876

)

Balance at 30 April 2025

84,405

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/25

30/4/24

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Retained

earnings

£

At 1 May 2024

195,390

Profit for the year

24,042

At 30 April 2025

219,432

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

30/4/25

30/4/24

£

£

Mr G Malam

Balance outstanding at start of year

112,176

102,512

Amounts advanced

19,488

19,664

Amounts repaid

(20,730

)

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

110,934

112,176

The director's overdrawn current account has been charged with interest at the official HMRC rate. During the year, the company paid £0 ( 2024 - £0) dividends to the director.

15.	ULTIMATE CONTROLLING PARTY

The director is the ultimate controller by virtue of his majority shareholding in the company.