TECHNICAL RESEARCH AND DEVELOPMENT (U.K.) LIMITED

TECHNICAL RESEARCH AND DEVELOPMENT (U.K.) LIMITED

TECHNICAL RESEARCH AND DEVELOPMENT (U.K.) LIMITED - Company Information

Print Friendly Version

TECHNICAL RESEARCH AND DEVELOPMENT (U.K.) LIMITED

Company Registration Number:
01805385 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

TECHNICAL RESEARCH AND DEVELOPMENT (U.K.) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

TECHNICAL RESEARCH AND DEVELOPMENT (U.K.) LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Current assets
Cash at bank and in hand:   70
Total current assets:   70
Creditors: amounts falling due within one year: 3 (38) (38)
Net current assets (liabilities): (38) 32
Total assets less current liabilities: (38) 32
Creditors: amounts falling due after more than one year:   (11,119) (11,135)
Total net assets (liabilities): (11,157) (11,103)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (11,257) (11,203)
Shareholders funds: (11,157) (11,103)

The notes form part of these financial statements

TECHNICAL RESEARCH AND DEVELOPMENT (U.K.) LIMITED

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 October 2021
and signed on behalf of the board by:

Name: David Edward Boyne Aitken
Status: Director

The notes form part of these financial statements

TECHNICAL RESEARCH AND DEVELOPMENT (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Freehold buildings over 50 yearsLeasehold land and buildings over the lease termPlant and machinery over 5 yearsFixtures fittings tools and equipment over 5 years

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

TECHNICAL RESEARCH AND DEVELOPMENT (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

TECHNICAL RESEARCH AND DEVELOPMENT (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

TECHNICAL RESEARCH AND DEVELOPMENT (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Related party transactions

Name of the related party: David Edward Boyne Aitken
Relationship:
Director and shareholder
Description of the Transaction: David Edward Boyne Aitken, Director and Shareholder, continued to make available loans to the company. No interest was charged.
£
Balance at 01 April 2020 11,135
Balance at 31 March 2021 11,119