IRIS Accounts Production v23.3.0.418 02825424 director 1.5.22 30.4.23 30.4.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028254242022-04-30028254242023-04-30028254242022-05-012023-04-30028254242021-04-30028254242021-05-012022-04-30028254242022-04-3002825424ns10:Originalns15:EnglandWales2022-05-012023-04-3002825424ns14:PoundSterlingns10:Original2022-05-012023-04-3002825424ns10:Originalns10:Director12022-05-012023-04-3002825424ns10:Original2022-05-012023-04-3002825424ns10:Original2023-04-3002825424ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3002825424ns10:Originalns10:SmallEntities2022-05-012023-04-3002825424ns10:Originalns10:AuditExemptWithAccountantsReport2022-05-012023-04-3002825424ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3002825424ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3002825424ns10:Originalns10:FullAccounts2022-05-012023-04-3002825424ns10:Original12022-05-012023-04-3002825424ns10:Originalns10:RegisteredOffice2022-05-012023-04-3002825424ns10:Original2022-04-3002825424ns10:Originalns5:CurrentFinancialInstruments2023-04-3002825424ns10:Originalns5:CurrentFinancialInstruments2022-04-3002825424ns5:ShareCapitalns10:Original2023-04-3002825424ns5:ShareCapitalns10:Original2022-04-3002825424ns10:Originalns5:SharePremium2023-04-3002825424ns10:Originalns5:SharePremium2022-04-3002825424ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3002825424ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3002825424ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-05-012023-04-3002825424ns10:Originalns5:PlantMachinery2022-05-012023-04-3002825424ns10:Originalns5:FurnitureFittings2022-05-012023-04-3002825424ns10:Original2021-05-012022-04-3002825424ns10:Originalns5:NetGoodwill2022-04-3002825424ns10:Originalns5:NetGoodwill2022-05-012023-04-3002825424ns10:Originalns5:NetGoodwill2023-04-3002825424ns10:Originalns5:NetGoodwill2022-04-3002825424ns10:Originalns5:PlantMachinery2022-04-3002825424ns10:Originalns5:FurnitureFittings2022-04-3002825424ns10:Original2022-04-3002825424ns10:Originalns5:PlantMachinery2023-04-3002825424ns10:Originalns5:FurnitureFittings2023-04-3002825424ns10:Originalns5:PlantMachinery2022-04-3002825424ns10:Originalns5:FurnitureFittings2022-04-3002825424ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3002825424ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-30
REGISTERED NUMBER: 02825424 (England and Wales)















TRICHORD RESEARCH LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2023






TRICHORD RESEARCH LIMITED (REGISTERED NUMBER: 02825424)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


TRICHORD RESEARCH LIMITED

Company Information
for the year ended 30 April 2023







Director: G Fowler





Registered office: Granville Cottage
Blackmore End
Hanley Swan
Worcestershire
WR8 0EE





Registered number: 02825424 (England and Wales)





Accountants: Haines Watts Birmingham LLP
5 - 6 Greenfield Crescent
Edgbaston
Birmingham
B15 3BE

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Trichord Research Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trichord Research Limited for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Trichord Research Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trichord Research Limited and state those matters that we have agreed to state to the director of Trichord Research Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trichord Research Limited and its director for our work or for this report.

It is your duty to ensure that Trichord Research Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Trichord Research Limited. You consider that Trichord Research Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trichord Research 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 financial statements.






Haines Watts Birmingham LLP
5 - 6 Greenfield Crescent
Edgbaston
Birmingham
B15 3BE


Date: .............................................

TRICHORD RESEARCH LIMITED (REGISTERED NUMBER: 02825424)

Balance Sheet
30 April 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 10,365 61,385
Tangible assets 5 1,181 1,191
11,546 62,576

Current assets
Stocks 10,000 13,000
Debtors 6 8,710 10,242
Cash at bank 1,062 5,045
19,772 28,287
Creditors
Amounts falling due within one year 7 23,642 12,827
Net current (liabilities)/assets (3,870 ) 15,460
Total assets less current liabilities 7,676 78,036

Capital and reserves
Called up share capital 114 114
Share premium 5,988 5,988
Retained earnings 1,574 71,934
Shareholders' funds 7,676 78,036

TRICHORD RESEARCH LIMITED (REGISTERED NUMBER: 02825424)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





G Fowler - Director


TRICHORD RESEARCH LIMITED (REGISTERED NUMBER: 02825424)

Notes to the Financial Statements
for the year ended 30 April 2023

1. Statutory information

Trichord Research Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at fair value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

TRICHORD RESEARCH LIMITED (REGISTERED NUMBER: 02825424)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

4. Intangible fixed assets
Cypto
currency
£
Cost or valuation
At 1 May 2022 61,385
Revaluations (51,020 )
At 30 April 2023 10,365
Net book value
At 30 April 2023 10,365
At 30 April 2022 61,385

Cost or valuation at 30 April 2023 is represented by:

Cypto
currency
£
Valuation in 2018 11,503
Valuation in 2019 (13,837 )
Valuation in 2020 (4,827 )
Valuation in 2022 52,440
Valuation in 2023 16,106
Valuation in 2024 (51,020 )
10,365

5. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 May 2022 31,681 415 32,096
Additions 546 - 546
At 30 April 2023 32,227 415 32,642
Depreciation
At 1 May 2022 30,619 286 30,905
Charge for year 524 32 556
At 30 April 2023 31,143 318 31,461
Net book value
At 30 April 2023 1,084 97 1,181
At 30 April 2022 1,062 129 1,191

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 5,891 10,242
Tax 2,819 -
8,710 10,242

TRICHORD RESEARCH LIMITED (REGISTERED NUMBER: 02825424)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 3,602 1,150
Tax - 2,102
Other taxation and social security 181 197
VAT 1,268 2,927
Other creditors 1,894 75
Directors' current accounts 14,976 4,976
Accruals 1,721 1,400
23,642 12,827