TM Research & Consultancy Ltd iXBRL

TM Research & Consultancy Ltd

Director's Report and Unaudited Financial Statements

for the year ended 30 April 2019

TM Research & Consultancy Ltd

DIRECTOR AND OTHER INFORMATION

Director	Tara Moore
Company Number	NI637839
Business Address	209 Hillhead Road
	Ballyclare
	Co. Antrim
	BT39 9LP
	United Kingdom
Accountants	PGR Accountants Limited
	Chartered Accountants
	Unit 2 Channel Wharf
	21 Old Channel Road
	Belfast
	Co. Antrim
	BT3 9DE
	Northern Ireland

TM Research & Consultancy Ltd

DIRECTOR'S REPORT

for the year ended 30 April 2019

The director presents their report and the unaudited financial statements for the year ended 30 April 2019.

Director

The director who served during the year is as follows:

Tara Moore

There were no changes in shareholdings between 30 April 2019 and the date of signing the financial statements.

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and apply them consistently;
-	make judgements and accounting estimates that are reasonable and prudent;
-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Tara Moore

Director

31 January 2020

TM Research & Consultancy Ltd

PROFIT AND LOSS ACCOUNT

for the year ended 30 April 2019

		2019		2018
	Notes	£		£

Turnover		113		-
		─────────		─────────
Gross profit		113		-
Administrative expenses		(7,478)		(11,580)
		─────────		─────────
Loss before taxation		(7,365)		(11,580)
Tax on loss		-		-
		─────────		─────────
Loss for the year		(7,365)		(11,580)
		─────────		─────────
Total comprehensive income		(7,365)		(11,580)
		═════════		═════════

TM Research & Consultancy Ltd

Company Number: NI637839

BALANCE SHEET

as at 30 April 2019

			2019		2018
		Notes	£		£
Fixed Assets

Tangible assets		4	600		900
			─────────		─────────
Current Assets

Debtors		5	60,431		82,965
Cash and cash equivalents			1,131		1,362
			─────────		─────────
			61,562		84,327
			─────────		─────────
Creditors: Amounts falling due within one year		6	(4,002)		(17,702)
			─────────		─────────
Net Current Assets			57,560		66,625
			─────────		─────────
Total Assets less Current Liabilities			58,160		67,525
			═════════		═════════
Capital and Reserves

Called up share capital			10		10
Profit and Loss Account			58,150		67,515
			─────────		─────────
Equity attributable to owners of the company			58,160		67,525
			═════════		═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

For the financial year ended 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 31 January 2020

________________________________
Tara Moore
Director

TM Research & Consultancy Ltd

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2019

1.	GENERAL INFORMATION
	TM Research & Consultancy Ltd is a company limited by shares incorporated in Northern Ireland.

2.	ACCOUNTING POLICIES
	The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
	Statement of compliance
	The financial statements of the company for the year ended 30 April 2019 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
	Basis of preparation
	The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
	Cash flow statement
	The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
	Turnover
	Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
		Fixtures, fittings and equipment	-	20% Straight line
	The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
	Trade and other debtors
	Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
	Trade and other creditors
	Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
	Taxation and deferred taxation
	Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

3.	EMPLOYEES
	The average monthly number of employees, including director, during the year was 0, (2018 - 0).

4.	TANGIBLE FIXED ASSETS
		Fixtures,	Total
		fittings and
		equipment
		£	£
	Cost
	At 30 April 2019	1,500	1,500
		─────────	─────────
	Depreciation
	At 1 May 2018	600	600
	Charge for the year	300	300
		─────────	─────────
	At 30 April 2019	900	900
		─────────	─────────
	Net book value
	At 30 April 2019	600	600
		═════════	═════════
	At 30 April 2018	900	900
		═════════	═════════

5.	DEBTORS	2019	2018
		£	£
	Other debtors	60,431	14,084
	Director's current account (Note )	-	68,881
		─────────	─────────
		60,431	82,965
		═════════	═════════

6.	CREDITORS	2019	2018
	Amounts falling due within one year	£	£
	Taxation	2,752	11,632
	Other creditors	-	1,340
	Accruals	1,250	4,730
		─────────	─────────
		4,002	17,702
		═════════	═════════

7.	CAPITAL COMMITMENTS
	The company had no material capital commitments at the year-ended 30 April 2019.

8.	POST-BALANCE SHEET EVENTS
	There have been no significant events affecting the company since the year-end.