Registration number:
for the Period from 1 September 2016 to
Chartered Accountants
Syngas Products Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
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Detailed Income Statement |
Syngas Products Limited
Company Information
Directors |
Mr W E Riddle Mr M S Scobie Mr M A Jones |
Company secretary |
Quayseco Limited |
Registered office |
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Accountants |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Syngas Products Limited
for the
Period
Ended
30 June 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Syngas Products Limited for the period ended 30 June 2017 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.
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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Syngas Products Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Syngas Products Limited and state those matters that we have agreed to state to the Board of Directors of Syngas Products Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Syngas Products Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Syngas Products Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Syngas Products Limited. You consider that Syngas Products Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Syngas Products 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 accounts.
Chartered Accountants
34 High East Street
Dorchester
Dorset
DT1 1HA
Syngas Products Limited
(Registration number: 07685319)
Balance Sheet as at 30 June 2017
Note |
2017 |
2016 |
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£ |
£ |
£ |
£ |
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Fixed assets |
|
|
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Current assets |
|
|
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Prepayments and accrued income |
|
|
|||
Creditors: Amounts falling due within one year |
( |
( |
|||
Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
( |
|||
Accruals and deferred income |
( |
( |
|||
( |
( |
||||
Capital and reserves |
( |
( |
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
For the financial period ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
Mr W E Riddle
Director
Mr M S Scobie
Director
Syngas Products Limited
Notes to the Financial Statements
for the
Period from 1 September 2016 to 30 June 2017
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
England
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Syngas Products Limited
Detailed Income Statement
for the
Period from 1 September 2016 to 30 June 2017
1 September 2016 to 30 June 2017 |
1 March 2016 to 31 August 2016 |
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£ |
£ |
£ |
£ |
|
Administrative expenses |
||||
Wages and salaries |
- |
49,119 |
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Research and development costs |
228,426 |
725,669 |
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Accountancy fees |
1,000 |
1,000 |
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Fees for R&D claim |
9,554 |
5,060 |
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Legal and professional fees |
2,657 |
- |
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Amortisation of patents |
1,179 |
- |
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(242,816) |
(780,848) |
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Other operating income |
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Government grants receivable |
11,650 |
60,218 |
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Operating loss |
(231,166) |
(720,630) |
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Loss before tax |
(231,166) |
(720,630) |