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Registered number: 04548235
TEMPLEPOWER CONTROL SYSTEMS LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2026
Lions Accountants Limited
Chartered Accountants and Tax Advisers
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04548235
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,183,669 890,432
1,183,669 890,432
CURRENT ASSETS
Debtors 5 79,514 38,519
Cash at bank and in hand 200,341 410,661
279,855 449,180
Creditors: Amounts Falling Due Within One Year 6 (48,721 ) (27,906 )
NET CURRENT ASSETS (LIABILITIES) 231,134 421,274
TOTAL ASSETS LESS CURRENT LIABILITIES 1,414,803 1,311,706
NET ASSETS 1,414,803 1,311,706
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 1,414,703 1,311,606
SHAREHOLDERS' FUNDS 1,414,803 1,311,706
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
David Power
Director
2 September 2026
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
TEMPLEPOWER CONTROL SYSTEMS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04548235 . The registered office is 9 Lascelles Lane, Northallerton, DL6 1EP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Plant & Machinery 25% straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 889,167 23,659 6,765 919,591
Additions 290,903 4,591 - 295,494
As at 31 March 2026 1,180,070 28,250 6,765 1,215,085
Depreciation
As at 1 April 2025 - 22,589 6,570 29,159
Provided during the period - 2,062 195 2,257
As at 31 March 2026 - 24,651 6,765 31,416
Net Book Value
As at 31 March 2026 1,180,070 3,599 - 1,183,669
As at 1 April 2025 889,167 1,070 195 890,432
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 39,128 38,257
Prepayments and accrued income 268 262
Other debtors 1,000 -
Director's loan account 39,118 -
79,514 38,519
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Corporation tax 32,883 13,683
Other taxes and social security 1,572 2,007
VAT 11,297 10,658
Credit Cards 1,801 -
Accruals and deferred income 1,168 988
Director's loan account - 570
48,721 27,906
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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Page 4
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
David Power 570 40,000 312 - 39,688
The loan is interest free, unsecured and repayable upon demand.
9. Related Party Transactions
Core (Oil & Gas) Limited, a company in which the director, David T Power is a shareholder
The company made the following sales during the year £174,644 (2025 £165,503)
The amount due from the related party at the balance sheet date was £39,128 (2025 £38,257)
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