TEMPLE VAPES LTD


Director	R M Williamson


Registered Address	12 Limehurst Square
	Northampton
	NN5 6LP


Registered Number	11541809 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		17,004		18,687
			17,004		18,687
Current assets
Stocks	4	15,200		15,200
Debtors		10,500		8,000
Cash at bank and on hand		7,920		11,170
		33,620		34,370
Creditors amounts falling due within one year	5	(44,013)		(49,010)
Net current assets (liabilities)			(10,393)		(14,640)
Total assets less current liabilities			6,611		4,047
Creditors amounts falling due after one year	6		(1,894)		(9,703)
Net assets			4,717		(5,656)
Capital and reserves
Called up share capital			4		4
Profit and loss account			4,713		(5,660)
Shareholders' funds			4,717		(5,656)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 December 2025, and are signed on its behalf by:

R M Williamson
Director
Registered Company No. 11541809

TEMPLE VAPES LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	20
Office Equipment	25	-

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		5

3.	Tangible fixed assets

	Land & buildings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	16,318	11,387	27,705
At 31 March 25	16,318	11,387	27,705
Depreciation and impairment
At 01 April 24	533	8,485	9,018
Charge for year	816	867	1,683
At 31 March 25	1,349	9,352	10,701
Net book value
At 31 March 25	14,969	2,035	17,004
At 31 March 24	15,785	2,902	18,687

4.	Stocks

	2025	2024
	£	£
Finished goods	15,200	15,200
Total	15,200	15,200

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	547	1,779
Bank borrowings and overdrafts	7,513	7,513
Taxation and social security	21,996	27,112
Other creditors	11,843	10,931
Accrued liabilities and deferred income	2,114	1,675
Total	44,013	49,010


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,894	9,703
Total	1,894	9,703