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Unaudited Financial Statements |
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for the Year Ended 31 December 2016 |
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for |
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Research Relay Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2016 |
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for |
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Research Relay Limited |
Research Relay Limited (Registered number: SC279287) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Research Relay Limited |
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Company Information |
for the Year Ended 31 December 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 |
1 - 3 East Road |
Kirkwall |
Orkney |
KW15 1HZ |
Research Relay Limited (Registered number: SC279287) |
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Balance Sheet |
31 December 2016 |
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2015 | 2016 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
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Tangible assets | 4 |
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CURRENT ASSETS |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
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Amounts falling due within one year | 6 |
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) | NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
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Called up share capital |
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) | SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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. |
Research Relay Limited (Registered number: SC279287) |
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Balance Sheet - continued |
31 December 2016 |
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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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Research Relay Limited (Registered number: SC279287) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Research Relay Limited is a
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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 VAT and the receipt of European Union grant aid. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Research Relay Limited (Registered number: SC279287) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Amounts owed by associates |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to associates | 25,659 | 37,476 |
Taxation and social security |
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Other creditors |
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Research Relay Limited (Registered number: SC279287) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 December 2016 and |
31 December 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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8. | RELATED PARTY DISCLOSURES |
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The following companies are related parties: |
Shellfish Hatchery Systems Ltd - a company in which D Gowland owned shares until June 2016 |
Fairwind (Orkney) Limited - a company in which D Gowland owns shares |
Northbay Shellfish Limited - a company owned by D Gowland |
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The following balances were due from/(to) the related parties at the balance sheet date: |
Shellfish Hatchery Systems Limited £6,244 |
Fairwind (Orkney) Limited £13 |
Northbay Shellfish Limited £(25,659) |
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9. | ULTIMATE CONTROLLING PARTY |
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The controlling party is D S Gowland. |