Transformer Process Technology (London) Ltd - Period Ending 2016-12-31

Registration number: 3149881

Transformer Process Technology (London) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

Transformer Process Technology (London) Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 7

Transformer Process Technology (London) Ltd

Company Information

Director

Ms Nadiye Akdogan

Registered office

1st Floor Woodgate Studios 2-8 Games Road Cockfosters Barnet EN4 9HN

Accountants

NA Associates LLP Chartered Certified Accountants Woodgate Studios 2-8 Games Road Cockfosters Hertfordshire EN4 9HN

Page 1

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Transformer Process Technology (London) Ltd
for the Year Ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Transformer Process Technology (London) Ltd for the year ended 31 December 2016 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/gb/en/discover/public -value/rulebook.html.

This report is made solely to the Board of Directors of Transformer Process Technology (London) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Transformer Process Technology (London) Ltd and state those matters that we have agreed to state to the Board of Directors of Transformer Process Technology (London) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical -activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Transformer Process Technology (London) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Transformer Process Technology (London) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Transformer Process Technology (London) Ltd. You consider that Transformer Process Technology (London) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Transformer Process Technology (London) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

NA Associates LLP
Chartered Certified Accountants
Woodgate Studios
2-8 Games Road
Cockfosters
Hertfordshire
EN4 9HN

28 September 2017

Page 2

Transformer Process Technology (London) Ltd

(Registration number: 3149881)
Balance Sheet as at 31 December 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets	3	3,031	3,566
Current assets
Debtors	4	210	-
Cash at bank and in hand		278,479	278,479
		278,689	278,479
Creditors: Amounts falling due within one year	5	(204,593)	(203,540)
Net current assets		74,096	74,939
Net assets		77,127	78,505
Capital and reserves
Called up share capital		100	100
Profit and loss account		77,027	78,405
Total equity		77,127	78,505

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 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 Profit and Loss Account has been taken.

Approved and authorised by the director on 28 September 2017
 

.........................................

Ms Nadiye Akdogan

Director

The notes on pages 4 to 7 form an integral part of these financial statements.

Page 3

Transformer Process Technology (London) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2016

1	General information

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

The address of its registered office is:
1st Floor Woodgate Studios
2-8 Games Road
Cockfosters
Barnet
EN4 9HN

The principal place of business is:
Unit 6B
Dominion Business Park
Goodwin Road
Edmonton
N9 0BG

2	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

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are prepared in the company's functional currency of British Pounds (£) and rounded to the nearest £1.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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Transformer Process Technology (London) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2016

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Trade creditors

Creditors with no stated interest rate and payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Page 5

Transformer Process Technology (London) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2016

3	Tangible assets

	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 January 2016	73,944	73,944
At 31 December 2016	73,944	73,944
Depreciation
At 1 January 2016	70,378	70,378
Charge for the year	535	535
At 31 December 2016	70,913	70,913
Carrying amount
At 31 December 2016	3,031	3,031
At 31 December 2015	3,566	3,566

4

Debtors

	2016 £	2015 £
Other debtors	210	-
Total current trade and other debtors	210	-

5

Creditors

	Note	2016 £	2015 £
Due within one year
Other creditors		204,593	203,540

6	Related party transactions

Summary of transactions with other related parties

Roshe Power Ltd
 At the balance sheet date the amount due to Roshe Power Ltd was £202,489 (2015 £200,626).

During the year the company charged Roshe Power Ltd for use of its plant and machinery as follows:
 

Income and receivables from related parties

Page 6

Transformer Process Technology (London) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2016

2016

Receipt of services - £Nil in 2016.

2015	Other related parties £
Receipt of services	6,000

7	Transition to FRS 102

The company's date of transition to FRS102 was 1 January 2015. These are the first financial statements that comply with the new standard. There were no changes to the balance sheet or profit and loss account on transition.

Page 7