Scientific Research And Technologies Ltd - Period Ending 2017-02-28

Registration number: 06826512

Scientific Research And Technologies Ltd

trading as Scientific Research and Technologies Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 28 February 2017

More Group (Accounting) Limited
65 Compton Street
London
EC1V 0BN

Contents

Company Information	1
Abridged Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Abridged Financial Statements	4 to 5

Company Information

Director

Imrich Vasil

Registered office

24 North Row Buildings, North Row London W1K 7DG

Accountants

More Group (Accounting) Limited 65 Compton Street London EC1V 0BN

Page 1

(Registration number: 06826512)
Abridged Balance Sheet as at 28 February 2017

	Note	2017 £	2016 £
Current assets
Debtors		174,150	170,919
Cash at bank and in hand		991	2,251
		175,141	173,170
Prepayments and accrued income		150,000	173,000
Creditors: Amounts falling due within one year		(316,466)	(331,302)
Net assets		8,675	14,868
Capital and reserves
Called up share capital		100	100
Profit and loss account		8,575	14,768
Total equity		8,675	14,868

For the financial year ending 28 February 2017 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 his 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 30 November 2017
 

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

Imrich Vasil

Director

The notes on pages 4 to 5 form an integral part of these abridged financial statements.

Page 2

Statement of Changes in Equity for the Year Ended 28 February 2017

	Share capital £	Profit and loss account £	Total £
At 1 March 2016	100	14,768	14,868
Loss for the year	-	(6,193)	(6,193)
Total comprehensive income	-	(6,193)	(6,193)
At 28 February 2017	100	8,575	8,675

	Share capital £	Profit and loss account £	Total £
At 1 March 2015	100	9,988	10,088
Profit for the year	-	4,780	4,780
Total comprehensive income	-	4,780	4,780
At 29 February 2016	100	14,768	14,868

The notes on pages 4 to 5 form an integral part of these abridged financial statements.

Page 3

Notes to the Abridged Financial Statements for the Year Ended 28 February 2017

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:
24 North Row Buildings,
North Row
London
W1K 7DG
United Kingdom

These financial statements were authorised for issue by the director on 30 November 2017.

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 abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Page 4

Notes to the Abridged Financial Statements for the Year Ended 28 February 2017

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.

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