REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 |
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S D S TRADING APPLICATIONS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 |
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FOR |
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S D S TRADING APPLICATIONS LIMITED |
S D S TRADING APPLICATIONS LIMITED (REGISTERED NUMBER: 04600715) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
S D S TRADING APPLICATIONS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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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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S D S TRADING APPLICATIONS LIMITED (REGISTERED NUMBER: 04600715) |
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BALANCE SHEET |
31 DECEMBER 2020 |
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2020 | 2019 |
Notes | £'000 | £'000 |
CURRENT ASSETS |
Debtors | 4 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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 authorised for issue by the director and authorised for issue on
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S D S TRADING APPLICATIONS LIMITED (REGISTERED NUMBER: 04600715) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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1. | STATUTORY INFORMATION |
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S D S Trading Applications Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and on the assumption that the Company is a going concern. |
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The Company’s immediate parent undertaking is SDS Applications Limited, which is a wholly-owned subsidiary of Exela Technologies Limited. The company has therefore taken advantage of the exemption contained in Financial Reporting Standard 102 (1A) section 33 ‘Related Party Disclosures’ and has therefore not disclosed transactions or balances with entities which form part of BancTec group (or investees of the group qualifying as related parties). The consolidated Financial statements of BancTec Inc., within which this company is included, can be obtained from the address given in note 5. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£'000 | £'000 |
Called up share capital not paid |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £'000 | £'000 |
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Ordinary | £1 | 1 | 1 |
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6. | RELATED PARTY DISCLOSURES |
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The Company's immediate parent undertaking is SDS Applications Limited, a Company incorporated in Great Britain and registered in England and Wales, whose principal place of business is at Baronsmede, 20th Avenue, Egham, Surrey TW20 9AB, UK |
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The ultimate parent undertaking is Exela Technologies, Inc., incorporated in the USA, whose principal place of business is at 2701 E Grauwyler Road, Irving, Texas 75061. |