Company Registration No. 12266648 (England and Wales)
TECHNIQUE LRJ LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
TECHNIQUE LRJ LTD
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 5
TECHNIQUE LRJ LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021
- 1 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 16 October 2019
-
0
-
0
-
0
Period ended 31 December 2020:
Profit and total comprehensive income for the period
-
819,048
819,048
Issue of share capital
8
100
-
100
Dividends
-
(45,000)
(45,000)
Balance at 31 December 2020
100
774,048
774,148
Period ended 31 December 2021:
Profit and total comprehensive income for the period
-
524,715
524,715
Dividends
-
(125,000)
(125,000)
Balance at 31 December 2021
100
1,173,763
1,173,863
TECHNIQUE LRJ LTD
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 2 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
5
106,000
102,000
Investments
6
773,196
451,922
Cash at bank and in hand
423,681
406,212
1,302,877
960,134
Creditors: amounts falling due within one year
7
(129,014)
(185,986)
Net current assets
1,173,863
774,148
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
1,173,763
774,048
Total equity
1,173,863
774,148

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 30 June 2022
P. Christian
Director
Company Registration No. 12266648
TECHNIQUE LRJ LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 3 -
1
Accounting policies
Company information

Technique LRJ Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Aldgate House, 1-4 Market Place, Hull, HU1 1RS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

 

 

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

Financial assets and liabilities are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets which include debtors and cash and bank balances are measured at transaction price including transaction costs.

 

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities including creditors are recognised at transaction price.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

TECHNIQUE LRJ LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the period. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2021
2020
Number
Number
Total
1
1
4
Financial instruments
2021
2020
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
773,196
451,922
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
106,000
102,000
TECHNIQUE LRJ LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 5 -
6
Current asset investments
2021
2020
£
£
Other investments
773,196
451,922
7
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
-
0
2,583
Taxation and social security
128,264
183,403
Other creditors
750
-
0
129,014
185,986
8
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
2021-12-312021-01-01false30 June 2022CCH SoftwareCCH Accounts Production 2022.200No description of principal activityP. Christian122666482021-01-012021-12-3112266648core:ShareCapital2019-10-1512266648core:RetainedEarningsAccumulatedLosses2019-10-15122666482019-10-1512266648core:ShareCapital2020-12-3112266648core:RetainedEarningsAccumulatedLosses2020-12-31122666482020-12-3112266648core:ShareCapital2021-12-3112266648core:RetainedEarningsAccumulatedLosses2021-12-31122666482021-12-3112266648core:RetainedEarningsAccumulatedLosses2019-10-162020-12-31122666482019-10-162020-12-3112266648core:RetainedEarningsAccumulatedLosses2021-01-012021-12-3112266648core:ShareCapital2019-10-162020-12-3112266648core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-3112266648core:CurrentFinancialInstrumentscore:WithinOneYear2020-12-3112266648core:CurrentFinancialInstruments2021-12-3112266648core:CurrentFinancialInstruments2020-12-3112266648bus:Director12021-01-012021-12-3112266648bus:PrivateLimitedCompanyLtd2021-01-012021-12-3112266648bus:SmallCompaniesRegimeForAccounts2021-01-012021-12-3112266648bus:FRS1022021-01-012021-12-3112266648bus:AuditExemptWithAccountantsReport2021-01-012021-12-3112266648bus:FullAccounts2021-01-012021-12-31xbrli:purexbrli:sharesiso4217:GBP