TM Research & Consultancy Ltd iXBRL

TM Research & Consultancy Ltd

Director's Report and Unaudited Financial Statements

for the year ended 30 April 2018

TM Research & Consultancy Ltd

DIRECTOR AND OTHER INFORMATION

Director	Tara Moore
Company Number	NI637839
Registered Office	Unit 2, 21 Old Channel Road
	Belfast
	Antrim
	BT39DE
Business Address	209 Hillhead Road
	Ballyclare
	Co. Antrim
	BT39 9LP
	United Kingdom
Accountants	PGR Accountants Limited
	Chartered Accountants
	Unit 2 Channel Wharf
	21 Old Channel Road
	Belfast
	Co. Antrim
	BT3 9DE
	Northern Ireland

TM Research & Consultancy Ltd

DIRECTOR'S REPORT

for the year ended 30 April 2018

The director presents their report and the unaudited financial statements for the year ended 30 April 2018.

Director

The director who served during the year is as follows:

Tara Moore

There were no changes in shareholdings between 30 April 2018 and the date of signing the financial statements.

In accordance with the Constitution, the director retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current year.

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and apply them consistently;
-	make judgements and accounting estimates that are reasonable and prudent;
-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Tara Moore

Director

31 January 2019

TM Research & Consultancy Ltd

CHARTERED ACCOUNTANTS' REPORT

to the Director on the unaudited financial statements of TM Research & Consultancy Ltd for the year ended 30 April 2018

In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 30 April 2018 which comprise the Profit and Loss Account, the Balance Sheet, the Reconciliation of Shareholders' Funds and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the director of TM Research & Consultancy Ltd, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TM Research & Consultancy Ltd and state those matters that we have agreed to state to the director of TM Research & Consultancy Ltd, in this report in accordance with the guidance of Chartered Accountants Ireland. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TM Research & Consultancy Ltd and its director for our work or for this report.

We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

It is your duty to ensure that TM Research & Consultancy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of TM Research & Consultancy Ltd. You consider that TM Research & Consultancy 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 financial statements of TM Research & Consultancy 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 financial statements.

__________________________________

PGR ACCOUNTANTS LIMITED

Chartered Accountants

Unit 2 Channel Wharf

21 Old Channel Road

Belfast

Co. Antrim

BT3 9DE

Northern Ireland

31 January 2019

TM Research & Consultancy Ltd

PROFIT AND LOSS ACCOUNT

for the year ended 30 April 2018

		2018		2017
	Notes	£		£

Turnover		-		135,750
		─────────		─────────
Gross profit		-		135,750
Administrative expenses		(11,580)		(18,546)
		─────────		─────────
(Loss)/profit before taxation		(11,580)		117,204
Tax on (loss)/profit		-		(23,109)
		─────────		─────────
(Loss)/profit for the year		(11,580)		94,095
		─────────		─────────
Total comprehensive income		(11,580)		94,095
		═════════		═════════

TM Research & Consultancy Ltd

Company Number: NI637839

BALANCE SHEET

as at 30 April 2018

			2018		2017
		Notes	£		£
Fixed Assets

Tangible assets		4	900		1,200
			─────────		─────────
Current Assets

Debtors		5	82,965		16,264
Cash and cash equivalents			1,362		92,690
			─────────		─────────
			84,327		108,954
			─────────		─────────
Creditors: Amounts falling due within one year		6	(17,702)		(26,049)
			─────────		─────────
Net Current Assets			66,625		82,905
			─────────		─────────
Total Assets less Current Liabilities			67,525		84,105
			═════════		═════════
Capital and Reserves

Called up share capital			10		10
Profit and Loss Account			67,515		84,095
			─────────		─────────
Equity attributable to owners of the company			67,525		84,105
			═════════		═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

For the financial year ended 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 31 January 2019

________________________________
Tara Moore
Director

TM Research & Consultancy Ltd

RECONCILIATION OF SHAREHOLDERS' FUNDS

as at 30 April 2018

	Share	Retained	Total
	capital	earnings
	£	£	£
Profit for the year	-	94,095	94,095
	─────────	─────────	─────────
Payment of dividends	-	(10,000)	(10,000)
Net proceeds of equity

ordinary share issue	10	-	10
	─────────	─────────	─────────
At 30 April 2017	10	84,095	84,105
	─────────	─────────	─────────
Loss for the year	-	(11,580)	(11,580)
	─────────	─────────	─────────
Payment of dividends	-	(5,000)	(5,000)
	─────────	─────────	─────────
At 30 April 2018	10	67,515	67,525
	═════════	═════════	═════════

TM Research & Consultancy Ltd

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2018

1.	GENERAL INFORMATION
	TM Research & Consultancy Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is Unit 2, 21 Old Channel Road, Belfast, Antrim, BT39DE, which is also the principal place of business of the company. Management consultancy activities other than financial management The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

2.	ACCOUNTING POLICIES
	The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
	Statement of compliance
	The financial statements of the company for the year ended 30 April 2018 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
	Basis of preparation
	The financial statements have been prepared under the The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
	Cash flow statement
	The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
	Turnover
	Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
		Fixtures, fittings and equipment	-	15% Straight line
	The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
	Trade and other debtors
	Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
	Trade and other creditors
	Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
	Taxation and deferred taxation
	Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
	Foreign currencies
	Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

3.	EMPLOYEES
	The average monthly number of employees, including director, during the year was 0.00, (2017 - 0).

4.	TANGIBLE FIXED ASSETS
		Fixtures,	Total
		fittings and
		equipment
		£	£
	Cost
	At 30 April 2018	1,500	1,500
		─────────	─────────
	Depreciation
	At 1 May 2017	300	300
	Charge for the year	300	300
		─────────	─────────
	At 30 April 2018	600	600
		─────────	─────────
	Net book value
	At 30 April 2018	900	900
		═════════	═════════
	At 30 April 2017	1,200	1,200
		═════════	═════════

5.	DEBTORS	2018	2017
		£	£
	Other debtors	14,084	14,084
	Director's current account (Note )	68,881	2,180
		─────────	─────────
		82,965	16,264
		═════════	═════════

6.	CREDITORS	2018	2017
	Amounts falling due within one year	£	£
	Taxation  (Note 7)	11,632	23,109
	Other creditors	1,340	1,340
	Accruals	4,730	1,600
		─────────	─────────
		17,702	26,049
		═════════	═════════

7.	TAXATION	2018	2017
		£	£
	Creditors:
	Corporation tax	11,632	23,109
		═════════	═════════

8.	CAPITAL COMMITMENTS
	The company had no material capital commitments at the year-ended 30 April 2018.

9.	POST-BALANCE SHEET EVENTS
	There have been no significant events affecting the company since the year-end.