Taltek (UK) Ltd - Accounts to registrar (filleted) - small 18.2
Taltek (UK) Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
FOR |
TALTEK (UK) LTD |
TALTEK (UK) LTD (REGISTERED NUMBER: 05221891) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2018 |
Page |
Company information | 1 |
Statement of financial position | 2 |
Notes to the financial statements | 3 |
TALTEK (UK) LTD |
COMPANY INFORMATION |
for the Year Ended 30 September 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Langley House |
Park Road |
East Finchley |
London |
N2 8EY |
TALTEK (UK) LTD (REGISTERED NUMBER: 05221891) |
STATEMENT OF FINANCIAL POSITION |
30 September 2018 |
30.9.18 | 30.9.17 |
Notes | $ | $ |
CURRENT ASSETS |
Debtors | 3 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
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 |
TALTEK (UK) LTD (REGISTERED NUMBER: 05221891) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2018 |
1. | STATUTORY INFORMATION |
Taltek (UK) Ltd is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue recognition |
The revenue is recognised at the point of loading the coal onto the cargo containers by the supplier. The supplier |
delivers the coal directly to the customer and by the agreement between the parties the legal ownership of the |
goods is transferred when the coal has been loaded on railway cargoes. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are |
recognised in the company's statement of financial position when the company becomes party to the contractual |
provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the |
financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an |
intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Basic financial assets and liabilities |
Basic financial assets, and liabilities are initially measured at transaction price including transaction costs and are |
subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a |
financing transaction, where the transaction is measured at the present value of the future receipts discounted at a |
market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not |
amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of |
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or |
less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction |
price and subsequently measured at amortised cost using the effective interest method. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of |
the company after deducting all of its liabilities. |
Cash and cash equivalents |
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, |
other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank |
overdrafts are shown within borrowings in current liabilities |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into US Dollars at the rates of exchange ruling at the |
statement of financial position date. Transactions in foreign currencies are translated into US Dollars at the rate |
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the |
operating result. |
3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.18 | 30.9.17 |
$ | $ |
Other debtors |
TALTEK (UK) LTD (REGISTERED NUMBER: 05221891) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2018 |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.18 | 30.9.17 |
$ | $ |
Trade creditors |
Other creditors |
5. | ULTIMATE CONTROLLING PARTY |
During the year under review Ms. E. Stradze became a shareholder and ultimate controlling party of the |
company from 12 March 2018 to the date of this report. |