1TCL Ltd - Period Ending 2020-03-31

1TCL Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

1TCL Ltd

Balance Sheet

31 March 2020

	Note	2020 £	2019 £
Current assets
Debtors	4	1	1
Capital and reserves
Called up share capital	5	1	1
Total equity		1	1

For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 25 January 2021 and signed on its behalf by:
 

......................................... Mr T L Body Director

Company Registration Number: 11281213

1TCL Ltd

Notes to the Financial Statements

Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 4 Beechwood House
Beech Avenue
Cattedown
Plymouth
PL4 0QQ

These financial statements were authorised for issue by the Board on 25 January 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

1TCL Ltd

Notes to the Financial Statements

Year Ended 31 March 2020

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2019 - 4).

4

Debtors

	2020 £	2019 £
Amounts due from group undertakings	1	1
	1	1

5	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

6	Parent and ultimate parent undertaking

The company's immediate parent is 1TCF Ltd, incorporated in England and Wales.

 The ultimate parent is BOFAM Ltd, incorporated in England and Wales.

  These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.