REGISTERED NUMBER: 02825424 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

Trichord Research Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Fowler

REGISTERED OFFICE:

Granville Cottage

Blackmore End

Hanley Swan

Worcestershire

WR8 0EE

REGISTERED NUMBER:

02825424 (England and Wales)

FIXED ASSETS

Tangible assets

4

4

5

CURRENT ASSETS

Stocks

13,500

11,500

Debtors

5

12,193

7,317

Investments

6

7,000

-

Cash at bank

5,095

13,189

37,788

32,006

CREDITORS

Amounts falling due within one year

7

18,673

13,999

NET CURRENT ASSETS

19,115

18,007

TOTAL ASSETS LESS CURRENT LIABILITIES

19,119

18,012

CAPITAL AND RESERVES

Called up share capital

114

114

Share premium

5,988

5,988

Retained earnings

13,017

11,910

SHAREHOLDERS' FUNDS

19,119

18,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 25 January 2018 and were signed by:

G Fowler - Director

1.	STATUTORY INFORMATION

Trichord Research 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.

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

-

33% on cost

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 May 2016

and 30 April 2017

27,560

109

27,669

DEPRECIATION

At 1 May 2016

27,560

104

27,664

Charge for year

-

1

1

At 30 April 2017

27,560

105

27,665

NET BOOK VALUE

At 30 April 2017

-

4

4

At 30 April 2016

-

5

5

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

11,708

6,060

Other debtors

485

1,257

12,193

7,317

6.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Gold Bullion

7,000

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

753

2,849

Tax

2,407

2,113

Other taxation and social security

383

-

VAT

2,882

1,436

Other creditors

2,507

738

Directors' current accounts

7,458

2,346

Accruals

2,283

4,517

18,673

13,999

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors is £7,458 (2016: £2,346) owed to a director. There are no set repayment terms.

9.	RELATED PARTY DISCLOSURES

Dividends of £5,000 were paid to the director during the year.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Fowler.