Tram Power Limited - Accounts to registrar (filleted) - small 18.1

Tram Power Limited - Accounts to registrar (filleted) - small 18.1

TRAM POWER LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v18.1.0.975 02800877 director 1.3.17 28.2.18 28.2.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure028008772017-02-28028008772018-02-28028008772017-03-012018-02-28028008772016-02-28028008772016-02-292017-02-28028008772017-02-2802800877ns15:EnglandWales2017-03-012018-02-2802800877ns14:PoundSterling2017-03-012018-02-2802800877ns10:Director12017-03-012018-02-2802800877ns10:PrivateLimitedCompanyLtd2017-03-012018-02-2802800877ns10:SmallEntities2017-03-012018-02-2802800877ns10:AuditExempt-NoAccountantsReport2017-03-012018-02-2802800877ns10:SmallCompaniesRegimeForDirectorsReport2017-03-012018-02-2802800877ns10:SmallCompaniesRegimeForAccounts2017-03-012018-02-2802800877ns10:FullAccounts2017-03-012018-02-280280087712017-03-012018-02-2802800877ns10:RegisteredOffice2017-03-012018-02-2802800877ns5:CurrentFinancialInstruments2018-02-2802800877ns5:CurrentFinancialInstruments2017-02-2802800877ns5:ShareCapital2018-02-2802800877ns5:ShareCapital2017-02-2802800877ns5:RetainedEarningsAccumulatedLosses2018-02-2802800877ns5:RetainedEarningsAccumulatedLosses2017-02-2802800877ns5:IntangibleAssetsOtherThanGoodwill2017-03-012018-02-2802800877ns5:PatentsTrademarksLicencesConcessionsSimilar2017-03-012018-02-2802800877ns5:ComputerSoftware2017-03-012018-02-2802800877ns5:PlantMachinery2017-03-012018-02-2802800877ns5:IntangibleAssetsOtherThanGoodwill2017-02-2802800877ns5:IntangibleAssetsOtherThanGoodwill2018-02-2802800877ns5:IntangibleAssetsOtherThanGoodwill2017-02-2802800877ns5:PlantMachinery2017-02-2802800877ns5:PlantMachinery2018-02-2802800877ns5:PlantMachinery2017-02-2802800877ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-02-2802800877ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-02-28


REGISTERED NUMBER: 02800877 (England and Wales)

























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

TRAM POWER LIMITED
TRAM POWER LIMITED (REGISTERED NUMBER: 02800877)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRAM POWER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTOR: Prof L Lesley





REGISTERED OFFICE: 99 Stanley Road
Bootle
Merseyside
L20 7DA





REGISTERED NUMBER: 02800877 (England and Wales)





ACCOUNTANTS: Andrew D. Kilshaw
Chartered Accountant
99 Stanley Road
Bootle
Liverpool
L20 7DA
Page 1
TRAM POWER LIMITED (REGISTERED NUMBER: 02800877)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 314,702 314,702
Tangible assets 4 10,583 12,460
325,285 327,162

CURRENT ASSETS
Debtors 5 581 3,862
Cash at bank 2,617 282
3,198 4,144
CREDITORS
Amounts falling due within one year 6 286,232 275,767
NET CURRENT LIABILITIES (283,034 ) (271,623 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
42,251
55,539

CAPITAL AND RESERVES
Called up share capital 210,695 210,695
Retained earnings (168,444 ) (155,156 )
SHAREHOLDERS' FUNDS 42,251 55,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 17 August 2018 and were signed by:





Prof L Lesley - Director


The notes form part of these financial statements

Page 2
TRAM POWER LIMITED (REGISTERED NUMBER: 02800877)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

Tram Power 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Website is being amortised evenly over its estimated useful life of nil years.

Research and development
Research and development expenditure has been carried forward to be amortised in line with expected future
revenue from the related project.

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 - 15% on reducing balance

Going concern
The accounts have been prepared on the going concern basis notwithstanding net current liabilities of £209,702.
The directors consider this basis appropriate as they believe the project will be successful and the company is
able to rely on the support of its creditors.

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2017
and 28 February 2018 314,702
NET BOOK VALUE
At 28 February 2018 314,702
At 28 February 2017 314,702

Page 3 continued...
TRAM POWER LIMITED (REGISTERED NUMBER: 02800877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2017
and 28 February 2018 37,851
DEPRECIATION
At 1 March 2017 25,391
Charge for year 1,877
At 28 February 2018 27,268
NET BOOK VALUE
At 28 February 2018 10,583
At 28 February 2017 12,460

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 581 3,862

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 264,819 266,967
Other creditors 21,413 8,800
286,232 275,767

7. RELATED PARTY DISCLOSURES

The directors are considered to be the ultimate controlling parties. Included in development costs is £133,030 in
respect of time costs and payments made by the directors.

Page 4