for the Period Ended 31 December 2021
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 |
for the Period Ended 31 December 2021
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Secretary: |
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Registered office: |
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The directors present their report with the financial statements of the company for the period ended 31 December 2021
Principal Activities
Political and charitable donations
Additional information
Statement of directors' Responsibilities and Declaration on Unaudited Financial Statements General responsibilities The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are 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 directors are 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 are 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. Directors' declaration on unaudited financial statements In relation to the financial statements comprising the Profit and Loss Account, the Balance Sheet, the Reconciliation of Shareholders' Funds and notes: The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business. The directors confirm that they have made available to David M Breen & Co. Ltd, (Chartered Accountants), all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements. Post Balance Sheet Events The UK government announced all trading restrictions that were placed on businesses over the period of the pandemic were no longer in effect and that normal pre-pandemic trading could resume. The directors are of the opinion that the company can return to full trading capacity as a result. There have been no significant events affecting the company since the financial year end. Future Developments The directors are not expecting to make any significant changes in the nature of the business in the near future. 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
Directors
The directors shown below have held office during the whole of the period from 01 January 2021 to 31 December 2021
Secretary
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
Name:
Status: Director
for the Period Ended 31 December 2021
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Gross Profit or (Loss) |
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Distribution Costs |
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Administrative Expenses |
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Operating Profit or (Loss) |
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Profit or (Loss) Before Tax |
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Tax on Profit |
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Profit or (Loss) for Period |
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The notes form part of these financial statements
As at
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Fixed assets | |||
Total fixed assets: | - | - | |
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Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 December 2021
Notes |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2021
Basis of measurement and preparation
Turnover policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Turnover from the provision of services is recognised in the accounting period in which the services are rendered and the outcome of the contract can be estimated reliably.
for the Period Ended 31 December 2021
Other accounting policies
for the Period Ended 31 December 2021
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Average number of employees during the period |
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for the Period Ended 31 December 2021
for the Period Ended 31 December 2021
for the Period Ended 31 December 2021
Name of related party: |
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Description of relationship: | |
Trace Communications (Ireland) Limited is classed as a connected party by virtue of having common directors and shareholders and being under common control. | |
Description of the transaction: | |
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Balance at 01 January 2021 |
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Balance at 31 December 2021 |
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for the Period Ended 31 December 2021