Tricordant Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05365159 (England and Wales)

TRICORDANT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mr A Mitchell-Baker

Dr R D Greene

Mr J Taylor

Mr R Cooper

Mr N Richmond

SECRETARY:

Mr S A Fosh FCA

REGISTERED OFFICE:

31 St John's

Worcester

WR2 5AG

BUSINESS ADDRESS:

16 Mill Hill Wood Way

Ibstock

Leicestershire

LE67 6QB

REGISTERED NUMBER:

05365159 (England and Wales)

ACCOUNTANTS:

Gardiner Fosh

Chartered Accountants and Statutory Auditor

31 St John's

Worcester

Worcestershire

WR2 5AG

FIXED ASSETS

Tangible assets

4

502

1,386

Investments

5

12,291

12,215

12,793

13,601

CURRENT ASSETS

Debtors

6

142,683

280,773

Cash at bank

180,823

94,550

323,506

375,323

CREDITORS

Amounts falling due within one year

7

196,703

229,145

NET CURRENT ASSETS

126,803

146,178

TOTAL ASSETS LESS CURRENT LIABILITIES

139,596

159,779

CAPITAL AND RESERVES

Called up share capital

144

162

Share premium

60,568

71,350

Retained earnings

78,884

88,267

SHAREHOLDERS' FUNDS

139,596

159,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 June 2018 and were signed on its behalf by:

Mr J Taylor - Director

1.	STATUTORY INFORMATION

Tricordant 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

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 etc

-

33% on cost

Taxation

Taxation for the year 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

12,878

DEPRECIATION

At 1 April 2017

11,492

Charge for year

884

At 31 March 2018

12,376

NET BOOK VALUE

At 31 March 2018

502

At 31 March 2017

1,386

5.	FIXED ASSET INVESTMENTS

The investment of £12,291 shown in the Balance Sheet comprises: (2017 - £12,215)

an investment of shares and Loan stock in Ibex Investment Capital Fund, a fund run by Ibex International Associates, an

organisation incorporated in Canada;

Ibex Investment Capital Fund supports Christian entrepreneurs in developing effective companies in the Arab world and

Asia.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

106,998

260,155

Other debtors

35,685

20,618

142,683

280,773

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Payments on account

88,754

109,404

Trade creditors

64,724

27,208

Taxation and social security

38,704

86,958

Other creditors

4,521

5,575

196,703

229,145