| TCV (UK) Limited |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| TCV (UK) Limited |
|
| You consider that the company is exempt from an audit for the year ended 31 March 2014. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
|
| Chartered Management Accountant |
|
| 10 Devere Walk |
| Watford |
| Herts |
| WD17 3BE |
|
| 8 December 2014 |
|
| TCV (UK) Limited |
| Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
48,731 |
|
|
59,184 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
68 |
| Cash at bank and in hand |
|
|
4,938 |
|
|
723 |
|
|
|
4,938 |
|
|
791 |
|
| Creditors: amounts falling due within one year |
5 |
|
(3,297) |
|
|
(1,359) |
|
| Net current assets/(liabilities) |
|
|
|
1,641 |
|
|
(568) |
|
| Total assets less current liabilities |
|
|
|
50,372 |
|
|
58,616 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(49,980) |
|
|
(25,512) |
|
|
|
| Net assets |
|
|
|
392 |
|
|
33,104 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
7 |
|
|
317 |
|
|
317 |
| Share premium |
8 |
|
|
230,840 |
|
|
230,863 |
| Profit and loss account |
9 |
|
|
(230,765) |
|
|
(198,076) |
|
| Shareholders' funds |
|
|
|
392 |
|
|
33,104 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| Mr I Henderson |
| Director |
| Approved by the board on 8 December 2014 |
|
| TCV (UK) Limited |
| Notes to the Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Operating profit |
2014 |
|
2013 |
| £ |
£ |
|
This is stated after charging: |
|
|
Amortisation |
32,005 |
|
27,694 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
|
|
Cost |
|
At 1 April 2013 |
138,474 |
|
Additions |
21,552 |
|
At 31 March 2014 |
160,026 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2013 |
79,290 |
|
Provided during the year |
32,005 |
|
At 31 March 2014 |
111,295 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
48,731 |
|
At 31 March 2013 |
59,184 |
|
|
|
|
|
|
|
|
|
|
Intangible assets comprise of Development costs and are amortised over 5 years |
|
|
| 4 |
Debtors |
2014 |
|
2013 |
| £ |
£ |
|
|
Other debtors |
- |
|
68 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2014 |
|
2013 |
| £ |
£ |
|
|
Trade creditors |
3,367 |
|
974 |
|
Other taxes and social security costs |
(800) |
|
(320) |
|
Other creditors |
730 |
|
705 |
|
|
|
|
|
|
3,297 |
|
1,359 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2014 |
|
2013 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
7,820 |
|
1,000 |
|
Other creditors |
42,160 |
|
24,512 |
|
|
|
|
|
|
49,980 |
|
25,512 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
317 |
|
317 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Share premium |
2014 |
| £ |
|
|
At 1 April 2013 |
230,863 |
|
Expenses of issue |
(23) |
|
|
At 31 March 2014 |
230,840 |
|
|
|
|
|
|
|
|
| 9 |
Profit and loss account |
2014 |
| £ |
|
|
At 1 April 2013 |
(198,076) |
|
Loss for the year |
(32,688) |
|
Transfer to capital redemption reserve |
(1) |
|
|
At 31 March 2014 |
(230,765) |
|
|
|
|
|
|
|
|
| 10 |
Related party transactions |
2014 |
|
2013 |
| £ |
£ |
|
Iain Henderson |
|
Director |
|
Directors loan to the company |
|
Amounts due to the related party |
4,462 |
|
4,612 |
|
A Coleman |
|
Director |
|
Directors loan to the company |
|
Amounts due to the related party |
20,050 |
|
12,325 |
|
Information Answers Ltd |
|
Associated company for Iain Henderson (Director) |
|
Information answers holds 15.77% of share capital of TCV (UK) Limited |
|
Amounts due from the related party |
1,000 |
|
800 |
|
|
| 11 |
Ultimate controlling party |
|
|
There us no one ultimate controlling party |
|
