TELROCK SYSTEMS LIMITED

TELROCK SYSTEMS LIMITED

TELROCK SYSTEMS LIMITED - Company Information

Print Friendly Version

TELROCK SYSTEMS LIMITED

Company Registration Number:
09258461 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

TELROCK SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

TELROCK SYSTEMS LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 2 612,778 947,020
Tangible assets: 3 57,445 59,926
Investments: 4 1,599,344 782,423
Total fixed assets: 2,269,567 1,789,369
Current assets
Debtors:   637,399 888,868
Cash at bank and in hand: 21,987 65,018
Total current assets: 659,386 953,886
Creditors: amounts falling due within one year:   (248,599) (580,373)
Net current assets (liabilities): 410,787 373,513
Total assets less current liabilities: 2,680,354 2,162,882
Creditors: amounts falling due after more than one year:   (9,907,993) (7,404,710)
Total net assets (liabilities): (7,227,639) (5,241,828)
Capital and reserves
Called up share capital: 169 169
Share premium account: 976 976
Profit and loss account: (7,228,784) (5,242,973)
Shareholders funds: (7,227,639) (5,241,828)

The notes form part of these financial statements

TELROCK SYSTEMS LIMITED

Balance sheet statements

For the year ending 31 December 2017 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 20 April 2018
and signed on behalf of the board by:

Name: Dale Robert John Williams
Status: Director

The notes form part of these financial statements

TELROCK SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

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

TELROCK SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Intangible Assets

Total
Cost £
At 01 January 2017 1,671,211
At 31 December 2017 1,671,211
Amortisation
At 01 January 2017 724,191
Charge for year 334,242
At 31 December 2017 1,058,433
Net book value
At 31 December 2017 612,778
At 31 December 2016 947,020

TELROCK SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

Total
Cost £
At 01 January 2017 78,472
Additions 15,090
Disposals (397)
At 31 December 2017 93,165
Depreciation
At 01 January 2017 18,546
Charge for year 17,184
On disposals (10)
At 31 December 2017 35,720
Net book value
At 31 December 2017 57,445
At 31 December 2016 59,926

TELROCK SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Fixed investments

Investment in wholly owned 100% subsidiary Telrock Systems, Inc. (USA)