Company Registration No. 09363640 (England and Wales)
T1 Asset Management Limited
Unaudited accounts
for the period from 1 January 2018 to 31 March 2019
T1 Asset Management Limited
Unaudited accounts
Contents
T1 Asset Management Limited
Company Information
for the period from 1 January 2018 to 31 March 2019
Directors
R Thompson
V Thompson
Company Number
09363640 (England and Wales)
Registered Office
37 SPRING LANE
PANNAL
HARROGATE
NORTH YORKSHIRE
HG3 1NP
ENGLAND
Accountants
Accounts Lab Ltd
The Leeming Building
Vicar Lane
Leeds
West Yorkshire
LS2 7JF
T1 Asset Management Limited
Statement of financial position
as at 31 March 2019
Intangible assets
1,125
3,000
Tangible assets
1,916
1,690
Cash at bank and in hand
34,827
50,579
Creditors: amounts falling due within one year
(53,026)
(54,605)
Net current liabilities
(2,133)
(4,026)
Called up share capital
70
70
Profit and loss account
838
594
Shareholders' funds
908
664
For the period ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 19 September 2019.
R Thompson
Director
Company Registration No. 09363640
T1 Asset Management Limited
Notes to the Accounts
for the period from 1 January 2018 to 31 March 2019
T1 Asset Management Limited is a private company, limited by shares, registered in England and Wales, registration number 09363640. The registered office is 37 SPRING LANE, PANNAL, HARROGATE, NORTH YORKSHIRE, HG3 1NP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the period
1,875
T1 Asset Management Limited
Notes to the Accounts
for the period from 1 January 2018 to 31 March 2019
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2018
3,699
-
3,699
At 31 March 2019
3,699
1,184
4,883
At 1 January 2018
2,009
-
2,009
Charge for the period
925
33
958
At 31 March 2019
2,934
33
2,967
At 31 March 2019
765
1,151
1,916
At 31 December 2017
1,690
-
1,690
Amounts due from group undertakings etc.
295
-
7
Creditors: amounts falling due within one year
2019
2017
Taxes and social security
23,721
23,653
Loans from directors
29,205
30,257
Allotted, called up and fully paid:
70 Ordinary shares of £1 each
70
70
9
Average number of employees
During the period the average number of employees was 2 (2017: 2).
