Temati (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03705168 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

TEMATI (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F H M Scheerder

A Cholerton

S A C M Naenen

A Jongkind

REGISTERED OFFICE:

Unit 3A

Isabella Court

Millenium Business Park

Mansfield

Nottinghamshire

NG19 7JZ

REGISTERED NUMBER:

03705168 (England and Wales)

SENIOR STATUTORY AUDITOR:

Adrian Harby FCCA

AUDITORS:

Lemans

Statutory Auditor

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

BANKERS:

Barclays Bank PLC

Middlesborough Business Centre

The Tees Group (South)

P O Box 19

Middlesborough

TS1 1QE

FIXED ASSETS

Tangible assets

4

2,158

3,339

CURRENT ASSETS

Stocks

5

376,583

357,302

Debtors

6

577,190

540,577

Cash at bank and in hand

46,067

75,221

999,840

973,100

CREDITORS

Amounts falling due within one year

7

422,045

423,384

NET CURRENT ASSETS

577,795

549,716

TOTAL ASSETS LESS CURRENT LIABILITIES

579,953

553,055

CREDITORS

Amounts falling due after more than one year

8

125,000

200,000

NET ASSETS

454,953

353,055

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

454,951

353,053

SHAREHOLDERS' FUNDS

454,953

353,055

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 9 March 2020 and were signed on its behalf by:

F H M Scheerder - Director

A Cholerton - Director

1.	STATUTORY INFORMATION

Temati (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover is recognised when sufficient risks and rewards of ownership of the goods have transferred to the

buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with

the transaction will flow to the company and the costs incurred in respect of the transaction can be measured

reliably. This is usually on dispatch of the goods.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment loses. Cost

includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost includes all costs of purchase, cost of conversion and other costs incurred in bringing stock to its present

location and condition.

Cost is calculated using the first in, first out formula.

Provision is made for damaged, obsolete and slow-moving stock where appropriate

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet 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.

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.

Leasing commitments

Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease

term.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Interest receivable

Interest income is recognised on an accrual basis.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2019

and 31 December 2019

14,016

6,527

7,532

28,075

DEPRECIATION

At 1 January 2019

10,722

6,527

7,487

24,736

Charge for year

1,136

-

45

1,181

At 31 December 2019

11,858

6,527

7,532

25,917

NET BOOK VALUE

At 31 December 2019

2,158

-

-

2,158

At 31 December 2018

3,294

-

45

3,339

5.

STOCKS

31.12.19

31.12.18

£

£

Stocks

376,583

357,302

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

562,247

508,434

Amounts owed by group undertakings

4,098

23,226

Prepayments

10,845

8,917

577,190

540,577

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

287,229

349,663

Amounts owed to group undertakings

28,009

4,733

Corporation tax

23,829

12,274

Social security and other taxes

49,479

36,263

Other creditors

19,699

3,851

Accrued expenses

13,800

16,600

422,045

423,384

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.19

31.12.18

£

£

Amounts owed to group undertakings

125,000

200,000

The above represents a loan from Verkoopmaatschappij Van Technische Materialen voor Isolatiebescherming

Temati B.V.which is due for repayment on 31st December 2022.

Under the terms of the loan Temati (UK) Limited has at its own and sole discretion the right to repay the loan,

wholly or partly including any accrued interest without premium or penalty at any time during the loan term.

Interest is charged on the loan at a rate of 4% per annum.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.12.18

value:

£

£

2

Ordinary shares

£1

2

2

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adrian Harby FCCA (Senior Statutory Auditor)

for and on behalf of Lemans

11.	RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of the group headed by Verkoopmaatschappij Van Technische

Materialen voor Isolatiebescherming Temati B.V , the company has taken advantage of the exemption contained

in FRS 102 Section 33.1A and has therefore not disclosed transactions or balances with entities which form part

of the group. The consolidated financial statements of Verkoopmaatschappij Van Technische Materialen voor

Isolatiebescherming Temati B.V , within which this company is included can be obtained from the address given

in the ultimate controlling party note.

12.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Verkoopmaatschappij Van Technische Materialen voor

Isolatiebescherming Temati B.V, which is registered in the Netherlands.

The ultimate parent company is Stichting Administrtiekantoor Temati Beheer, a company registered in the

Netherlands. Group financial statements for each of these companies are available from P.O. Box 1005. 1940EA

Beverwijk, Netherlands.

13.	FINANCIAL COMMITMENTS

Total financial commitments include leasing commitments of £229,405 (2018 £287,888)