TEMPLETON ROBINSON LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: NI041041 (Northern Ireland)

Financial Statements for the Year Ended 30 April 2019

for

TEMPLETON ROBINSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms E A Robinson

P Palmer

M Young

SECRETARY:

Ms E A Robinson

REGISTERED OFFICE:

Suite 5 Ormeau House

91-97 Ormeau Road

Belfast

Co. Antrim

BT7 1SH

REGISTERED NUMBER:

NI041041 (Northern Ireland)

ACCOUNTANTS:

Cleaver Black

Chartered Accountants

Suite 5 Ormeau House

91-97 Ormeau Road

Belfast

Co. Antrim

BT7 1SH

BANKERS:

Bank Of Ireland

364 Lisburn Road

Belfast

BT9 6GL

SOLICITORS:

Johnsons

Johnsons House

50 - 56 Wellington Place

Belfast

BT1 6GF

FIXED ASSETS

Intangible assets

4

19,600

-

Tangible assets

5

9,889

14,959

29,489

14,959

CURRENT ASSETS

Debtors

6

42,539

37,289

Cash at bank and in hand

26,148

1,218

68,687

38,507

CREDITORS

Amounts falling due within one year

7

(86,746

)

(49,541

)

NET CURRENT LIABILITIES

(18,059

)

(11,034

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,430

3,925

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

11,230

3,725

SHAREHOLDERS' FUNDS

11,430

3,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27 August 2019 and were signed on its behalf by:

Ms E A Robinson - Director

P Palmer - Director

1.	STATUTORY INFORMATION

TEMPLETON ROBINSON LIMITED is a private company, limited by shares , registered in Northern Ireland.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

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 balance sheet date.

Deferred tax

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 8 (2018 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

24,500

At 30 April 2019

24,500

AMORTISATION

Charge for year

4,900

At 30 April 2019

4,900

NET BOOK VALUE

At 30 April 2019

19,600

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2018

and 30 April 2019

178,636

DEPRECIATION

At 1 May 2018

163,677

Charge for year

5,070

At 30 April 2019

168,747

NET BOOK VALUE

At 30 April 2019

9,889

At 30 April 2018

14,959

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

43,349

38,219

Provision for Bad Debts

(930

)

(930

)

Other debtors

120

-

42,539

37,289

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

36,457

23,541

Trade creditors

4,396

7,456

Tax

3,934

935

Social security and other taxes

10,682

5,833

VAT

12,546

8,176

Client monies re rentals

800

800

Directors' current accounts

15,131

-

Accrued expenses

2,800

2,800

86,746

49,541

8.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdrafts

36,457

23,541

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY

ACCOUNT WHATSOEVER

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS

PRESENT AND FUTURE, INCLUDING GOODWILL, BOOK DEBTS, UNCALLED CAPITAL,

BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY