Technology Networks Limited - Accounts to registrar (filleted) - small 17.3
Technology Networks Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
| FOR |
| TECHNOLOGY NETWORKS LIMITED |
| TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TECHNOLOGY NETWORKS LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 61 Station Road |
| Sudbury |
| Suffolk |
| CO10 2SP |
| TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257) |
| BALANCE SHEET |
| 30 SEPTEMBER 2017 |
| 31.3.16 | 30.9.17 |
| £ | £ | Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257) |
| BALANCE SHEET - continued |
| 30 SEPTEMBER 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Technology Networks Limited is a |
| 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 |
| 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 |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
| measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Taxation |
| Taxation for the period 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 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 have been |
| enacted or substantively enacted by the balance sheet date. |
| TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 period 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
| period of the lease. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Website |
| development |
| Totals | Goodwill | Database | costs |
| £ | £ | £ | £ |
| COST |
| Additions |
| At 30 September 2017 |
| AMORTISATION |
| Amortisation for period |
| At 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| Totals | machinery | fittings | equipment |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2016 |
| Additions |
| Revaluations |
| Reclassification/transfer | ( |
) | ( |
) |
| At 30 September 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Reclassification/transfer | ( |
) | ( |
) |
| At 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| At 31 March 2016 |
| During the period the company revalued its tangible fixed assets. The surplus on revaluation has been |
| moved to the revaluation reserve. |
| If fixed assets had not been revalued they would be included at a historical cost of £193,088 and |
| accumulated depreciation of £144,513. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.17 | 31.3.16 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.17 | 31.3.16 |
| £ | £ |
| Trade creditors |
| Amounts owed to associates | 709,875 | - |
| Taxation and social security |
| Other creditors |
| TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| Revaluation of fixed assets | 26,369 |
| Revaluation of intangible assets | 3,351,601 |
| Deferred tax adjustment | (4,553 | ) |
| Transfer for amortisation | (307,230 | ) |
| At 30 September 2017 |