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REGISTERED NUMBER: 07592520 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

TRN - THE RESEARCH NETWORK LTD

TRN - THE RESEARCH NETWORK LTD (REGISTERED NUMBER: 07592520)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

TRN - THE RESEARCH NETWORK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Dr A McElroy





REGISTERED OFFICE: IPC 600 Discovery Park Enterprise Zone
Ramsgate Road
Sandwich
Kent
CT13 9NJ





REGISTERED NUMBER: 07592520 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

TRN - THE RESEARCH NETWORK LTD (REGISTERED NUMBER: 07592520)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,678 29,073
Tangible assets 5 1,576 -
16,254 29,073

CURRENT ASSETS
Debtors 6 25,266 39,674
Cash at bank and in hand 100,991 101,039
126,257 140,713
CREDITORS
Amounts falling due within one year 7 28,895 41,210
NET CURRENT ASSETS 97,362 99,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,616

128,576

CREDITORS
Amounts falling due after more than one
year

8

31,600

45,800
NET ASSETS 82,016 82,776

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Share premium 50,275 50,275
Capital redemption reserve 3,325 3,325
Retained earnings 8,416 9,176
SHAREHOLDERS' FUNDS 82,016 82,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

TRN - THE RESEARCH NETWORK LTD (REGISTERED NUMBER: 07592520)

BALANCE SHEET - continued
30 APRIL 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 January 2025 and were signed by:





Dr A McElroy - Director


TRN - THE RESEARCH NETWORK LTD (REGISTERED NUMBER: 07592520)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

TRN - The Research Network 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 Financial Statements are presented in round pounds sterling £.

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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Revenue is recognised when the service is 100% complete.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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

Tangible fixed assets are tested for impairment annually.
It is the Company's policy to capitalise items with an estimated useful life in excess of two years, and for
amounts in excess of £125.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

TRN - THE RESEARCH NETWORK LTD (REGISTERED NUMBER: 07592520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 48,559
Additions 285
At 30 April 2024 48,844
AMORTISATION
At 1 May 2023 19,486
Charge for year 14,680
At 30 April 2024 34,166
NET BOOK VALUE
At 30 April 2024 14,678
At 30 April 2023 29,073

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023 3,941
Additions 2,258
At 30 April 2024 6,199
DEPRECIATION
At 1 May 2023 3,941
Charge for year 682
At 30 April 2024 4,623
NET BOOK VALUE
At 30 April 2024 1,576
At 30 April 2023 -

TRN - THE RESEARCH NETWORK LTD (REGISTERED NUMBER: 07592520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,096 22,538
Other debtors 2,548 723
Tax 5,074 11,096
VAT 1,826 -
Prepayments 3,722 5,317
25,266 39,674

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 9) 14,400 12,800
Trade creditors 7,835 17,803
Social security and other taxes (1,715 ) (1,698 )
VAT - 598
Directors' current accounts 7,325 10,707
Accrued expenses 1,050 1,000
28,895 41,210

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 9) 31,600 45,800

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 14,400 12,800

Amounts falling due between one and two years:
Other loans - 1-2 years 14,400 14,400

Amounts falling due between two and five years:
Other loans - 2-5 years 17,200 31,400

The loan taken in Dec 19 of £72,000 is personally guaranteed by one of the directors.

TRN - THE RESEARCH NETWORK LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
TRN - THE RESEARCH NETWORK LTD

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages one to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


25 January 2025