Telexsus Limited - Abbreviated accounts

Registered number

07300970

Telexsus Limited

Abbreviated Accounts

31 March 2015

Telexsus Limited
Registered number:		07300970
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		3,621			3,532

Current assets
Stocks		4,500			4,500
Debtors		312,921			294,310
Cash at bank and in hand		283,917			155,713
		601,338			454,523

Creditors: amounts falling due within one year		(349,166)			(280,471)

Net current assets			252,172			174,052

Net assets			255,793			177,584

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			255,693			177,484

Shareholders' funds			255,793			177,584

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



N J G Hardy
Director
Approved by the board on 9 April 2015

Telexsus Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% on reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 April 2014					5,053
	Additions					993
	At 31 March 2015					6,046

	Depreciation
	At 1 April 2014					1,521
	Charge for the year					904
	At 31 March 2015					2,425

	Net book value
	At 31 March 2015					3,621
	At 31 March 2014					3,532


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100