Transystem Ltd - Limited company - abbreviated

REGISTERED NUMBER: 06421069 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

TRANSYSTEM LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D W Mitchell

Mrs L S Mitchell

SECRETARY:

Mrs L S Mitchell

REGISTERED OFFICE:

Hyland Mews

21 High Street

Clifton

Bristol

BS8 2YF

REGISTERED NUMBER:

06421069 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Hyland Mews

21 High Street

Clifton

Bristol

BS8 2YF

FIXED ASSETS

Tangible assets

2

-

559

Investments

3

106,882

-

106,882

559

CURRENT ASSETS

Debtors

26,577

131,318

Cash at bank

165,676

176,502

192,253

307,820

CREDITORS

Amounts falling due within one year

34,679

58,025

NET CURRENT ASSETS

157,574

249,795

TOTAL ASSETS LESS CURRENT
LIABILITIES

264,456

250,354

PROVISIONS FOR LIABILITIES

-

113

NET ASSETS

264,456

250,241

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

264,454

250,239

SHAREHOLDERS' FUNDS

264,456

250,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board of Directors on 10 August 2015 and
were signed on its behalf by:

D W Mitchell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

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

Deferred tax

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

balance sheet date where transactions or events have occurred at that date that will result in an obligation to

pay more, or a right to pay less or to receive more tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that there will be suitable taxable profits from which the future reversal of the underlying timing differences

can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

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 the profit and loss account in the period to which they relate.

Investments

Investments are held at cost. Each year the carrying value of the investment is examined and if any impairment

in the carrying value has occurred, appropriate provision is made.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,645

DEPRECIATION

At 1 April 2014

1,086

Charge for year

559

At 31 March 2015

1,645

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

559

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

106,882

At 31 March 2015

106,882

NET BOOK VALUE

At 31 March 2015

106,882

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

1

2

Transystem Ltd - Limited company - abbreviated - 11.6

Transystem Ltd - Limited company - abbreviated - 11.6