T D I Corporation Limited - Accounts to registrar (filleted) - small 18.2

T D I Corporation Limited - Accounts to registrar (filleted) - small 18.2

T D I CORPORATION LIMITED - Company Information

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REGISTERED NUMBER: 03538437 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

FOR

T D I CORPORATION LIMITED
T D I CORPORATION LIMITED (REGISTERED NUMBER: 03538437)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


T D I CORPORATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTORS: A G Macdonald
S H Rough
G O'Brien



REGISTERED OFFICE: Pinsent Masons
1 Park Row
Leeds
LS1 5AB



REGISTERED NUMBER: 03538437 (England and Wales)



AUDITORS: McLay, McAlister & McGibbon LLP
Chartered Accountants and Statutory Auditors
145 St. Vincent Street
Glasgow
G2 5JF



BANKERS: Bank of Scotland
Level 6
110 St Vincent Street
Glasgow
G2 5ER
Page 1
T D I CORPORATION LIMITED (REGISTERED NUMBER: 03538437)

BALANCE SHEET
31 JANUARY 2018

31.1.18 31.1.17
Notes £    £   
CURRENT ASSETS
Stocks 517,650 306,000
Debtors 4 101,850 1,506,772
Cash at bank 1,654,387 7,520
2,273,887 1,820,292
CREDITORS
Amounts falling due within one year 5 1,303,553 857,592
NET CURRENT ASSETS 970,334 962,700
TOTAL ASSETS LESS CURRENT
LIABILITIES
970,334
962,700

CAPITAL AND RESERVES
Called up share capital 900,002 900,002
Retained earnings 70,332 62,698
SHAREHOLDERS' FUNDS 970,334 962,700

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 October 2018 and were signed on its behalf by:





S H Rough - Director


The notes form part of these financial statements

Page 2
T D I CORPORATION LIMITED (REGISTERED NUMBER: 03538437)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018

1. STATUTORY INFORMATION

T D I Corporation Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Key sources of estimation uncertainty

The company make judgements, estimates and assumptions about the carrying amounts of assets and liabilities
based on historical experience and other relevant factors and are reviewed on an ongoing basis. Actual outcomes
may differ from these estimates. The estimates that have the most significant effect on the amounts recognised in
the financial statements are as follows:

Valuation of Work in Progress

Development work in progress is stated at the lower of cost and net realisable value. Net realisable value is
based on estimated selling price less the estimated costs of completion and disposal assuming where appropriate
that the site will be fully developed and sold in the ordinary course of business. Whilst there is a degree of
uncertainty in these estimates, reviews to monitor are carried out regularly.

Basic financial instruments
Trade and other debtors/creditors are recognised initially at transaction price. Subsequent to initial recognition
they are measured at amortised cost using the effective interest method. If the arrangement constitutes a
financing transaction, where payment is deferred beyond normal business terms, it is measured at present value
of future payments discounted at an appropriate market rate of interest.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value. Work in progress consists of all land and building
project costs on property development held for eventual resale. The cost of work in progress includes specific
interest costs incurred during the period to completion of construction. Net realisable value is based on
estimated selling price less the estimated costs of completion and disposal assuming where appropriate that sites
will be fully developed and sold in the ordinary course of business. Profit on development sales is recognised on
completion of the sales of individual properties.

Amounts recoverable on contracts are stated at cost plus attributable profit taken as a proportion of the work
carried out to date, if the final outcome can be assessed with reasonable certainty, and after provision for any
known or anticipated losses.


Page 3 continued...
T D I CORPORATION LIMITED (REGISTERED NUMBER: 03538437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Other debtors 101,850 596
Amounts owed by related
companies - 1,506,176
101,850 1,506,772

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Tax 63,040 4,091
Accrued expenses 1,240,513 853,501
1,303,553 857,592

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

George Macshannon (Senior Statutory Auditor)
for and on behalf of McLay, McAlister & McGibbon LLP

7. ULTIMATE CONTROLLING PARTY

The directors consider DDev Holdings Limited to be the ultimate holding company. The company's registered
address is 220 West George Street, Glasgow.

The director Alan G. Macdonald held the majority of the issued ordinary share capital of this company
throughout the year.

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