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Tespar Ip Limited |
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Financial Statements for the Year Ended 31 May 2016 |
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Tespar Ip Limited |
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Financial Statements for the Year Ended 31 May 2016 |
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Tespar Ip Limited |
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Company Information |
for the Year Ended 31 May 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Radnor House |
Greenwood Close |
Cardiff Gate Business Park |
Cardiff |
CF23 8AA |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Tespar Ip Limited |
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The following reproduces the text of the report prepared for the director and members in |
respect of the company's annual unaudited financial statements. In accordance with the |
Companies Act 2006, the company is only required to file a Balance Sheet. Readers are |
cautioned that the Income Statement and certain other primary statements and the Report |
of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for |
your approval the financial statements of Tespar Ip Limited for the year ended 31 May 2016 which |
comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's |
accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Tespar Ip Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tespar Ip Limited and state those matters that we have agreed to state to the director of Tespar Ip Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tespar Ip Limited director for our work or for this report. |
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It is your duty to ensure that Tespar Ip Limited 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 profit of Tespar Ip Limited. You consider that Tespar Ip Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Tespar Ip Limited. 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. |
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Chartered Accountants |
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Tespar Ip Limited (Registered number: 05464032) |
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Balance Sheet |
31 May 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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Tespar Ip Limited (Registered number: 05464032) |
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Balance Sheet - continued |
31 May 2016 |
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The director acknowledges her responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Tespar Ip Limited (Registered number: 05464032) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2016 |
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1. | STATUTORY INFORMATION |
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Tespar Ip Limited is a
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The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Intangible fixed assets |
The cost of intangible fixed assets is their purchase cost, together with any incidental costs |
of acquisition. |
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Intangible fixed assets are written off over their estimated useful life of 20 years. |
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3. | INTANGIBLE FIXED ASSETS |
Intellectual |
property |
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COST |
At 1 June 2015 |
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Additions |
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At 31 May 2016 |
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AMORTISATION |
At 1 June 2015 |
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Amortisation for year |
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At 31 May 2016 |
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NET BOOK VALUE |
At 31 May 2016 |
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At 31 May 2015 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Other debtors & prepayments |
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Tespar Ip Limited (Registered number: 05464032) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2016 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Taxes & social security costs |
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Other creditors & accruals |
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6. | FIRST YEAR ADOPTION |
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This is the first year that the company has presented its results under FRS 102. The last |
financial statements under previous UK GAAP were for the year ended 31 May 2015 and the |
date of transition to FRS 102 was 1 June 2014. |
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The changes in accounting policies, between UK GAAP and FRS 102, have had no effect on |
the total equity between 1 June 2014 and 31 May 2016. |
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