Translucidus Ltd 31/03/2018 iXBRL

31/03/2018 2018-03-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2017-04-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 09480338 2017-04-01 2018-03-31 09480338 2018-03-31 09480338 2017-03-31 09480338 2016-04-01 2017-03-31 09480338 2017-03-31 09480338 bus:RegisteredOffice 2017-04-01 2018-03-31 09480338 bus:OrdinaryShareClass1 2017-04-01 2018-03-31 09480338 bus:LeadAgentIfApplicable 2017-04-01 2018-03-31 09480338 bus:Director1 2017-04-01 2018-03-31 09480338 core:FurnitureFittingsToolsEquipment 2017-03-31 09480338 core:FurnitureFittingsToolsEquipment 2018-03-31 09480338 core:WithinOneYear 2018-03-31 09480338 core:WithinOneYear 2017-03-31 09480338 core:FurnitureFittingsToolsEquipment 2017-04-01 2018-03-31 09480338 core:ShareCapital 2018-03-31 09480338 core:ShareCapital 2017-03-31 09480338 core:RetainedEarningsAccumulatedLosses 2018-03-31 09480338 core:RetainedEarningsAccumulatedLosses 2017-03-31 09480338 bus:OrdinaryShareClass1 core:ShareCapital 2018-03-31 09480338 bus:OrdinaryShareClass1 core:ShareCapital 2017-03-31 09480338 core:FurnitureFittingsToolsEquipment 2017-03-31 09480338 bus:Director1 2017-03-31 09480338 bus:Director1 2018-03-31 09480338 bus:Director1 2016-03-31 09480338 bus:Director1 2017-03-31 09480338 bus:Director1 2016-04-01 2017-03-31 09480338 bus:SmallEntities 2017-04-01 2018-03-31 09480338 bus:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 09480338 bus:FullAccounts 2017-04-01 2018-03-31 09480338 bus:SmallCompaniesRegimeForAccounts 2017-04-01 2018-03-31 09480338 bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31

Company registration number: 09480338

Translucidus Ltd

Trading as Translucidus Ltd

Unaudited filleted financial statements

31 March 2018

Translucidus Ltd

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Translucidus Ltd

Directors and other information


	Director	Mr Matthew Minshall


	Company number	09480338


	Registered office	19 King Street
		Kings Lynn
		Norfolk
		PE30 1HB


	Business address	19 King Street
		Kings Lynn
		Norfolk
		PE30 1HB


	Accountants	Hayhow & Co
		19 King Street
		King's Lynn
		Norfolk
		PE30 1HB

Translucidus Ltd

Statement of financial position

31 March 2018

		2018		2017
	Note	£	£	£	£

Fixed assets
Tangible assets	5	314		602
		_______		_______
			314		602

Current assets
Debtors	6	6,766		12,658
Cash at bank and in hand		6,204		4,587
		_______		_______
		12,970		17,245
Creditors: amounts falling due
within one year	7	( 12,881)		( 17,332)
		_______		_______
Net current assets/(liabilities)			89		( 87)
			_______		_______
Total assets less current liabilities			403		515


Provisions for liabilities			( 74)		( 114)

			_______		_______
Net assets			329		401
			_______		_______

Capital and reserves
Called up share capital	8		100		100
Profit and loss account			229		301
			_______		_______
Shareholder funds			329		401
			_______		_______

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 25 July 2018 , and are signed on behalf of the board by:

Mr Matthew Minshall

Director

Company registration number: 09480338

Translucidus Ltd

Notes to the financial statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hayhow & Co, 19 King Street, Kings Lynn, Norfolk, PE30 1HB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	3 Years Straightline

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

4. Staff costs

The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 April 2017	1,343	1,343
Additions	358	358
Disposals	( 235)	( 235)
	_______	_______
At 31 March 2018	1,466	1,466
	_______	_______
Depreciation
At 1 April 2017	741	741
Charge for the year	489	489
Disposals	( 78)	( 78)
	_______	_______
At 31 March 2018	1,152	1,152
	_______	_______
Carrying amount
At 31 March 2018	314	314
	_______	_______
At 31 March 2017	602	602
	_______	_______

6. Debtors

	2018	2017
	£	£
Trade debtors	6,270	12,282
Other debtors	496	376
	_______	_______
	6,766	12,658
	_______	_______

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	587	48
Corporation tax	7,644	12,623
Social security and other taxes	3,050	3,676
Other creditors	1,600	985
	_______	_______
	12,881	17,332
	_______	_______

8. Called up share capital

Issued, called up and fully paid

	2018		2017
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

9. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2018
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr Matthew Minshall	( 45)	416	371
		_______	_______	_______

2017
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr Matthew Minshall	( 77)	32	( 45)
		_______	_______	_______