1060 Research Limited - Accounts to registrar (filleted) - small 18.2
1060 Research Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2019 |
for |
1060 Research Limited |
1060 Research Limited (Registered number: 04544799) |
Contents of the Financial Statements |
for the Year Ended 30 September 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
1060 Research Limited |
Company Information |
for the Year Ended 30 September 2019 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Mews |
Hounds Road |
Chipping Sodbury |
Bristol |
BS37 6EE |
1060 Research Limited (Registered number: 04544799) |
Balance Sheet |
30 September 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
1060 Research Limited (Registered number: 04544799) |
Balance Sheet - continued |
30 September 2019 |
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 and authorised for issue on behalf by: |
1060 Research Limited (Registered number: 04544799) |
Notes to the Financial Statements |
for the Year Ended 30 September 2019 |
1. | STATUTORY INFORMATION |
1060 Research Limited 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 |
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 fixed assets |
Legal and other costs incurred in applying for US and European Patents are amortised on a straight line basis over 5 years |
from the date of expenditure. |
Tangible fixed assets |
Computer equipment | - |
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Patents |
and |
licences |
£ |
COST |
At 1 October 2018 |
and 30 September 2019 |
AMORTISATION |
At 1 October 2018 |
Amortisation for year |
At 30 September 2019 |
NET BOOK VALUE |
At 30 September 2019 |
At 30 September 2018 |
1060 Research Limited (Registered number: 04544799) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2019 |
5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 October 2018 |
Additions |
At 30 September 2019 |
DEPRECIATION |
At 1 October 2018 |
Charge for year |
At 30 September 2019 |
NET BOOK VALUE |
At 30 September 2019 |
At 30 September 2018 |
6. | DEBTORS |
2019 | 2018 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Amounts recoverable on contract |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
1060 Research Limited (Registered number: 04544799) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2019 |
8. | CONTINGENT LIABILITIES |
When retained reserves exceed £100,000, the current directors are due £50,000 gross each from the company. |
The company entered into an agreement with two 3rd parties, who previously acted for the company. These persons were |
to be awarded shares in the company, a financial payout of £13,553 (2018 £13.556) is provided in the accounts, is now |
more likely to be made. |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 September 2019 and |
30 September 2018: |
2019 | 2018 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Loan was unsecured, repayable on demand and interest was charged in line with HMRC interest rates. |