UK Technical Applications Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 07196954 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

UK TECHNICAL APPLICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr. W A Bradley

Mr P Bradley

SECRETARY:

Mr P Bradley

REGISTERED OFFICE:

5 Winchester Drive

Exmouth

Devon

EX8 5QA

REGISTERED NUMBER:

07196954 (England and Wales)

ACCOUNTANTS:

Poole Waterfield Limited

Priory House

2 Priory Road

Dudley

West Midlands

DY1 1HH

FIXED ASSETS

Intangible assets

4

13,500

18,000

Tangible assets

5

846

1,299

Investments

6

10,515

10,515

24,861

29,814

CURRENT ASSETS

Debtors

7

46,189

52,140

Cash at bank

23,825

11,511

70,014

63,651

CREDITORS

Amounts falling due within one year

8

10,975

8,400

NET CURRENT ASSETS

59,039

55,251

TOTAL ASSETS LESS CURRENT LIABILITIES

83,900

85,065

PROVISIONS FOR LIABILITIES

169

-

NET ASSETS

83,731

85,065

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

83,730

85,064

SHAREHOLDERS' FUNDS

83,731

85,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 30 May 2017 and were signed on its behalf by:

Mr P Bradley - Director

1.	STATUTORY INFORMATION

UK Technical Applications 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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 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.

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.

Transactions with related parties

It is the company's policy to disclose material transactions with related parties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

45,000

AMORTISATION

At 1 April 2016

27,000

Charge for year

4,500

At 31 March 2017

31,500

NET BOOK VALUE

At 31 March 2017

13,500

At 31 March 2016

18,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

2,493

1,422

3,060

6,975

DEPRECIATION

At 1 April 2016

1,840

1,049

2,787

5,676

Charge for year

130

75

248

453

At 31 March 2017

1,970

1,124

3,035

6,129

NET BOOK VALUE

At 31 March 2017

523

298

25

846

At 31 March 2016

653

373

273

1,299

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2016

and 31 March 2017

10,515

NET BOOK VALUE

At 31 March 2017

10,515

At 31 March 2016

10,515

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

1,195

8,852

Other debtors

10,027

2,990

Directors' current accounts

34,835

40,106

Prepayments

132

192

46,189

52,140

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Social security and other taxes

3,177

228

VAT

4,754

4,642

Other creditors

273

200

Accrued expenses

2,771

3,330

10,975

8,400

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

£

Mr P Bradley

Balance outstanding at start of year

40,106

7,253

Amounts advanced

17,408

59,853

Amounts repaid

(22,679

)

(27,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,835

40,106

10.	RELATED PARTY DISCLOSURES

During the year the company was charged £12,460 (2016 - £12,460 ) by Bradley Management

Services for accounting and consultancy support. Mr. W. A. Bradley is a partner in Bradley

Management Services.