Technofoil Ltd - Period Ending 2021-12-31

Technofoil Ltd - Period Ending 2021-12-31


Technofoil Ltd 03743273 false 2021-01-01 2021-12-31 2021-12-31 The principal activity of the company is the research, development and marketing of a flat television antenna preliminary for use within the home. Digita Accounts Production Advanced 6.30.9574.0 true 03743273 2021-01-01 2021-12-31 03743273 2021-12-31 03743273 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 03743273 bus:Micro-entities 2021-01-01 2021-12-31 03743273 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 03743273 bus:FullAccounts 2021-01-01 2021-12-31 03743273 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 03743273 bus:RegisteredOffice 2021-01-01 2021-12-31 03743273 bus:Director1 2021-01-01 2021-12-31 03743273 bus:Director2 2021-01-01 2021-12-31 03743273 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 03743273 countries:England 2021-01-01 2021-12-31 03743273 2020-01-01 2020-12-31 03743273 2020-12-31 03743273 core:CurrentFinancialInstruments core:WithinOneYear 2020-12-31 iso4217:GBP xbrli:pure

Registration number: 03743273

Technofoil Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

 

Technofoil Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

2

 

Technofoil Ltd

Company Information

Directors

Dr M Mannan

M Mannan

Registered office

Saxon House 27 Duke Street
Chelmsford
Essex
CM1 1HT

Accountants

Viewpoint Accountants Ltd
Saxon House 27 Duke Street
Chelmsford
Essex
CM1 1HT

 

Technofoil Ltd

(Registration number: 03743273)
Balance Sheet as at 31 December 2021

2021
£

2020
£

Current assets

3,578

8,089

Creditors: Amounts falling due within one year

(657,357)

(663,216)

 

(653,779)

(655,127)

Capital and reserves

(653,779)

(655,127)

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Saxon House 27 Duke Street
Chelmsford
Essex
CM1 1HT

These financial statements were authorised for issue by the Board on 11 August 2022.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements have been prepared on a going concern basis. The company's finances are currently supported by the shareholders and investors along with companies associated to them.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2020 - 0).

3

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2020 - £Nil). In May 1999 the company entered into a license agreement with M M Mannan Esq, a director of the company, for the rights to manufacture and sell an internal television aerial which was invented by Mr Mannan. The agreement is for a period of twenty years and provides a monthly payment of £3,000 to Mr Mannan for the duration of the license. The directors have decided to extend the agreement on the original terms, because income continues to be received on the product invented by Mr Mannan.

 

Technofoil Ltd

(Registration number: 03743273)
Balance Sheet as at 31 December 2021

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 11 August 2022 and signed on its behalf by:
 

.........................................
Dr M Mannan
Director