UK Decom Limited - Period Ending 2021-09-30
UK Decom Limited - Period Ending 2021-09-30
Registration number:
UK Decom Limited
Filleted
for the Year Ended 30 September 2021
UK Decom Limited
Contents
Company Information |
|
Statement of Financial Position |
|
Notes to the Unaudited Financial Statements |
UK Decom Limited
Company Information
Director |
Mr A C Tompkins |
Registered office |
|
Accountants |
|
UK Decom Limited
(Registration number: 08210010)
Statement of Financial Position as at 30 September 2021
Note |
2021 |
2020 |
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
( |
( |
|
Total equity |
( |
( |
For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies' regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies' regime and the option not to file the Income Statement has been taken.
Approved and authorised by the
......................................... |
UK Decom Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
As set out in the Director's Report, due to the company ceasing trade, the director has decided to prepare the financial statements on a basis other than of a going concern. The financial statements have been prepared on a break-up basis at the year end. In adopting the break-up basis at the year end the following policies and procedures were implemented:
- all assets have been disclosed at values at which they are expected to be realised;
- all liabilities reflect the full amount at which they are expected to materialise.
These financial statements are prepared in sterling which is the functional currency of the entity.
Going concern
As the company is ceasing to trade, the director considers it inappropriate to prepare the financial statements on a going concern basis and therefore the director has prepared the financial statements on a break-up basis as set out under the basis of preparation.
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
UK Decom Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021 (continued)
2 |
Accounting policies (continued) |
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Exceptional Items |
During the year, a loan of £351,710 due to Tompkins Investments Limited was written off.
UK Decom Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021 (continued)
Debtors |
2021 |
2020 |
|
Prepayments |
- |
|
Other debtors |
|
|
Corporation tax asset |
36,931 |
65,825 |
|
|
Creditors |
Creditors: amounts falling due within one year
2021 |
2020 |
|
Due within one year |
||
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Taxation and social security |
|
|
Accruals and deferred income |
|
|
Other creditors |
|
|
|
|
Financial commitments, guarantees and contingencies |
Amounts disclosed in the statement of financial position
Included in the statement of financial position are unpaid pension contributions of £30,485 (2020 - £29,100).
Parent and ultimate parent undertaking |
The company's immediate parent is
The registered office address of Tompkins Investments Limited is Beaumont House, Beaumont Street, Darlington, County Durham, DL1 5RW.
These financial statements are available upon request from Companies House.
The ultimate controlling party is