REGISTERED NUMBER: 04958868 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TEMCO LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J A Chapman

SECRETARY:

Mrs H Chapman

REGISTERED OFFICE:

St James' Hall

Mill Road

Lancing

West Sussex

BN15 0PT

REGISTERED NUMBER:

04958868 (England and Wales)

ACCOUNTANTS:

Peter Jarman LLP

trading as

Peter Jarman & Company

St James' Hall

Mill Road

Lancing

West Sussex

BN15 0PT

FIXED ASSETS

Tangible assets

4

268,000

111,016

CURRENT ASSETS

Stocks

2,024,003

1,042,376

Debtors

5

1,835,439

1,404,243

Investments

6

2,363,759

2,139,833

Cash at bank

1,559,599

2,650,179

7,782,800

7,236,631

CREDITORS

Amounts falling due within one year

7

(1,074,443

)

(713,537

)

NET CURRENT ASSETS

6,708,357

6,523,094

TOTAL ASSETS LESS CURRENT LIABILITIES

6,976,357

6,634,110

CREDITORS

Amounts falling due after more than one year

8

(59,071

)

(71,446

)

PROVISIONS FOR LIABILITIES

(104,094

)

(40,441

)

NET ASSETS

6,813,192

6,522,223

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

6,812,192

6,521,223

6,813,192

6,522,223

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 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 17 September 2025 and were signed by:

J A Chapman - Director

1.	STATUTORY INFORMATION

Temco 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

25% on cost and 10% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

257,734

Additions

214,771

At 31 December 2024

472,505

DEPRECIATION

At 1 January 2024

146,718

Charge for year

57,787

At 31 December 2024

204,505

NET BOOK VALUE

At 31 December 2024

268,000

At 31 December 2023

111,016

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

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

108,640

DEPRECIATION

At 1 January 2024

27,160

Charge for year

20,370

At 31 December 2024

47,530

NET BOOK VALUE

At 31 December 2024

61,110

At 31 December 2023

81,480

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,640,475

742,821

Other debtors

194,964

661,422

1,835,439

1,404,243

6.	CURRENT ASSET INVESTMENTS

The current asset investments which cost £2,000,075, have been revalued to their current market value of £2,363,759 (2023: 2,139,833) as at the year end.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

19,177

19,177

Trade creditors

202,085

328,523

Taxation and social security

98,240

345,201

Other creditors

754,941

20,636

1,074,443

713,537

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

59,071

71,446

9.	RELATED PARTY DISCLOSURES

The company occupies storage facility owned by the director, J Chapman. Rents charged during the year amounted to £24,300 (2023: £24,300) and at the year end there were no amounts outstanding.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J A Chapman.