TLS Renewable Consulting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06895950 (England and Wales)

Financial Statements for the Year Ended 31 March 2018

for

TLS Renewable Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs P A Middleton

Dr A R Middleton

REGISTERED OFFICE:

Barkhill House

Shire Lane

Chorleywood

Rickmansworth

Hertfordshire

WD3 5NT

REGISTERED NUMBER:

06895950 (England and Wales)

AUDITORS:

Lee Accounting Services Limited

Trading as Lee & Co

Chartered Accountants & Statutory Auditors

26 High Street

Rickmansworth

Hertfordshire

WD3 1ER

FIXED ASSETS

Tangible assets

5

67

223

CURRENT ASSETS

Debtors

6

2,936

5,770

Cash at bank

82,520

7,500

85,456

13,270

CREDITORS

Amounts falling due within one year

7

57,452

33,301

NET CURRENT ASSETS/(LIABILITIES)

28,004

(20,031

)

TOTAL ASSETS LESS CURRENT LIABILITIES

28,071

(19,808

)

PROVISIONS FOR LIABILITIES

13

45

NET ASSETS/(LIABILITIES)

28,058

(19,853

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

28,056

(19,855

)

SHAREHOLDERS' FUNDS

28,058

(19,853

)

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 8 November 2018 and were signed on its behalf by:

Dr A R Middleton - Director

1.	STATUTORY INFORMATION

TLS Renewable Consulting Ltd 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.

Going concern

The company has net liabilities at the year end. The directors have indicated that the group with

ensure the company has adequate resources to continue in operational existence for the

foreseeable future. The company therefore adopts the going concern basis in preparing its

consolidated financial statements.

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 and 25% on cost

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are

measured initially at fair value, net of transaction costs and are measured subsequently at amortised

cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including

bank loans, are measured initially at fair value, net of transaction costs, and are measured

subsequently at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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 3 (2017 - 5 ) .

4.	AUDITORS' REMUNERATION

31.3.18

31.3.17

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

250

750

Auditors' remuneration for non audit work

1,000

1,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

535

DEPRECIATION

At 1 April 2017

312

Charge for year

156

At 31 March 2018

468

NET BOOK VALUE

At 31 March 2018

67

At 31 March 2017

223

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

-

3,653

Other debtors

2,936

2,117

2,936

5,770

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

54,633

12,544

Amounts owed to group undertakings

-

12,000

Taxation and social security

1,567

5,947

Other creditors

1,252

2,810

57,452

33,301

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John David Lee BA FCA (Senior Statutory Auditor)

for and on behalf of Lee Accounting Services Limited

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard

102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose

related party transactions with wholly owned subsidiaries within the group.