Temati (UK) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03705168 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

TEMATI (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F H M Scheerder

A Cholerton

A Jongkind

S A C M Naenen

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

1,803

627

CURRENT ASSETS

Stocks

5

378,795

357,288

Debtors

6

436,221

668,628

Cash at bank and in hand

132,059

68,034

947,075

1,093,950

CREDITORS

Amounts falling due within one year

7

649,657

926,956

NET CURRENT ASSETS

297,418

166,994

TOTAL ASSETS LESS CURRENT LIABILITIES

299,221

167,621

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

299,219

167,619

SHAREHOLDERS' FUNDS

299,221

167,621

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 21 February 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 Income Statement, 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 using the effective interest method.

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 9 (2016 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2017

9,660

6,527

7,532

23,719

Additions

1,982

-

-

1,982

At 31 December 2017

11,642

6,527

7,532

25,701

DEPRECIATION

At 1 January 2017

9,483

6,527

7,082

23,092

Charge for year

552

-

254

806

At 31 December 2017

10,035

6,527

7,336

23,898

NET BOOK VALUE

At 31 December 2017

1,607

-

196

1,803

At 31 December 2016

177

-

450

627

5.

STOCKS

31.12.17

31.12.16

£

£

Stocks

378,795

357,288

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

423,076

498,304

Amounts owed by group undertakings

200

141,972

Prepayments

12,945

28,352

436,221

668,628

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

263,946

363,533

Amounts owed to group undertakings

300,000

359,564

Corporation tax

32,903

19,913

Social security and other taxes

25,264

69,853

Other creditors

11,479

103,293

Accrued expenses

16,065

10,800

649,657

926,956

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

2

Ordinary shares

£1

2

2

9.	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

10.	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.

11.	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.

12.	FINANCIAL COMMITMENTS

Total financial commitments include leasing commitments of £285,000 (2016 £331,947)