REGISTERED NUMBER: 07098225 (England and Wales)

Financial Statements for the Year Ended 31 December 2017

for

SI RESEARCH LIMITED

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

P Hackett

P D P Hunter

REGISTERED OFFICE:

1 Beauchamp Court

Victors Way

Barnet

Hertfordshire

EN5 5TZ

REGISTERED NUMBER:

07098225 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Tangible assets

4

1,937

2,421

CURRENT ASSETS

Stocks

5

-

6,585

Debtors

6

25,620

12,180

Cash at bank

34,184

55,633

59,804

74,398

CREDITORS

Amounts falling due within one year

7

11,727

41,367

NET CURRENT ASSETS

48,077

33,031

TOTAL ASSETS LESS CURRENT LIABILITIES

50,014

35,452

RESERVES

Income and expenditure account

8

50,014

35,452

50,014

35,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 surplus or deficit 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20 September 2018 and were signed on its behalf by:

P Hackett - Director

1.	STATUTORY INFORMATION

SI Research Limited is a private company, limited by guarantee , 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit 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 2 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2017

and 31 December 2017

8,094

DEPRECIATION

At 1 January 2017

5,673

Charge for year

484

At 31 December 2017

6,157

NET BOOK VALUE

At 31 December 2017

1,937

At 31 December 2016

2,421

5.

STOCKS

31.12.17

31.12.16

£

£

Work-in-progress

-

6,585

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

22,440

12,180

Other debtors

3,180

-

25,620

12,180

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

4,365

38,119

Taxation and social security

4,534

2,248

Other creditors

2,828

1,000

11,727

41,367

8.

RESERVES

Income

and

expenditure

account

£

At 1 January 2017

35,452

Surplus for the year

14,562

At 31 December 2017

50,014