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REGISTERED NUMBER: 03016304 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TECHNOLOGY RESEARCH CONSULTANTS LTD

TECHNOLOGY RESEARCH CONSULTANTS LTD (REGISTERED NUMBER: 03016304)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

TECHNOLOGY RESEARCH CONSULTANTS LTD

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: Mrs E Watson
Mr A J Wood





REGISTERED OFFICE: Grosvenor House
3 Chapel Street
Congleton
Cheshire
CW12 4AB





REGISTERED NUMBER: 03016304 (England and Wales)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

TECHNOLOGY RESEARCH CONSULTANTS LTD (REGISTERED NUMBER: 03016304)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 636 468
Investment property 5 180,000 150,000
180,636 150,468

CURRENT ASSETS
Cash at bank 98,039 103,930

CREDITORS
Amounts falling due within one year 6 57,053 57,967
NET CURRENT ASSETS 40,986 45,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,622

196,431

PROVISIONS FOR LIABILITIES 7 11,126 -
NET ASSETS 210,496 196,431

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 42,831 23,957
Retained earnings 167,655 172,464
SHAREHOLDERS' FUNDS 210,496 196,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





Mrs E Watson - Director


TECHNOLOGY RESEARCH CONSULTANTS LTD (REGISTERED NUMBER: 03016304)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Technology Research Consultants Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

TECHNOLOGY RESEARCH CONSULTANTS LTD (REGISTERED NUMBER: 03016304)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023 600
Additions 469
At 31 January 2024 1,069
DEPRECIATION
At 1 February 2023 132
Charge for year 301
At 31 January 2024 433
NET BOOK VALUE
At 31 January 2024 636
At 31 January 2023 468

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 150,000
Revaluations 30,000
At 31 January 2024 180,000
NET BOOK VALUE
At 31 January 2024 180,000
At 31 January 2023 150,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2018 18,957
Valuation in 2019 5,000
Valuation in 2021 10,000
Valuation in 2023 (10,000 )
Valuation in 2024 30,000
Cost 126,043
180,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 126,043 126,043

Investment property was valued on an open market basis on 31 January 2024 by the director .

TECHNOLOGY RESEARCH CONSULTANTS LTD (REGISTERED NUMBER: 03016304)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 360 -
Tax - 449
Other creditors 548 532
Directors' current accounts 56,145 54,587
Accrued expenses - 2,399
57,053 57,967

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,126 -

Deferred
tax
£   
Provided during year 11,126
Balance at 31 January 2024 11,126

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mrs E Watson
Balance outstanding at start of year (19,726 ) (18,032 )
Amounts advanced 65 618
Amounts repaid (1,312 ) (2,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,973 ) (19,726 )

Mr A J Wood
Balance outstanding at start of year (34,860 ) (34,860 )
Amounts repaid (312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (35,172 ) (34,860 )

These amounts bear no interest and have no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TECHNOLOGY RESEARCH CONSULTANTS LTD (REGISTERED NUMBER: 03016304)

The following reproduces the text of the report prepared for the directors 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 Directors 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 Technology Research Consultants Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Technology Research Consultants Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Technology Research Consultants Ltd and state those matters that we have agreed to state to the Board of Directors of Technology Research Consultants Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Technology Research Consultants Ltd 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 profit of Technology Research Consultants Ltd. You consider that Technology Research Consultants Ltd 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 Technology Research Consultants Ltd. 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.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


12 September 2024