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

REGISTERED NUMBER: NI041041 (Northern Ireland)

Financial Statements for the Year Ended 30 April 2022

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:

563 Lisburn Road

Belfast

Co. Antrim

BT9 7GQ

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

1 Donegall Square South

Belfast

BT1 5LR

SOLICITORS:

Johnsons

Johnsons House

50 - 56 Wellington Place

Belfast

BT1 6GF

FIXED ASSETS

Intangible assets

4

4,900

9,800

Tangible assets

5

-

-

4,900

9,800

CURRENT ASSETS

Debtors

6

84,455

46,052

Cash at bank and in hand

270,837

232,458

355,292

278,510

CREDITORS

Amounts falling due within one year

7

(161,952

)

(215,206

)

NET CURRENT ASSETS

193,340

63,304

TOTAL ASSETS LESS CURRENT LIABILITIES

198,240

73,104

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

198,040

72,904

SHAREHOLDERS' FUNDS

198,240

73,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 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 and authorised for issue on 10 August 2022 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 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 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 (2021 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2021

and 30 April 2022

24,500

AMORTISATION

At 1 May 2021

14,700

Charge for year

4,900

At 30 April 2022

19,600

NET BOOK VALUE

At 30 April 2022

4,900

At 30 April 2021

9,800

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2021

and 30 April 2022

178,636

DEPRECIATION

At 1 May 2021

and 30 April 2022

178,636

NET BOOK VALUE

At 30 April 2022

-

At 30 April 2021

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

as restated

£

£

Trade debtors

26,567

32,596

Provision for Bad Debts

(420

)

(930

)

Tax

45,834

-

Prepayments and accrued income

12,474

14,386

84,455

46,052

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

as restated

£

£

Trade creditors

12,689

15,634

Tax

41,063

47,843

Social security and other taxes

6,555

4,490

VAT

18,067

32,651

Directors' current accounts

77,561

103,415

Accrued expenses

6,017

11,173

161,952

215,206

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2022 and 30 April 2021:

2022

2021

as restated

£

£

Ms E A Robinson

Balance outstanding at start of year

-

135

Amounts repaid

-

(135

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

M Young

Balance outstanding at start of year

-

5,000

Amounts repaid

-

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	CLIENT FUNDS

A balance of £15,103 (2021: £14,871) was held in client bank accounts at 30th April 2022 and is represented by a corresponding liability of £15,103 (2021: £14,871), neither of which are reflected in these financial statements, as they are not assets controlled by the company.