TX-RX Optics Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06545626 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

TX-RX OPTICS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M R Carey

SECRETARY:

D M Knight

REGISTERED OFFICE:

6a - 7a Upper Perry Hill

Southville

Bristol

BS3 1NH

REGISTERED NUMBER:

06545626 (England and Wales)

ACCOUNTANT:

Grahame J Harbour Limited

1 Windrush Road

Keynsham

Bristol

Avon

BS31 1QL

FIXED ASSETS

Tangible assets

2

57,737

37,506

CURRENT ASSETS

Stocks

8,768

6,335

Debtors

101,614

90,085

Cash at bank

20,875

43,713

131,257

140,133

CREDITORS

Amounts falling due within one year

118,939

95,872

NET CURRENT ASSETS

12,318

44,261

TOTAL ASSETS LESS CURRENT LIABILITIES

70,055

81,767

PROVISIONS FOR LIABILITIES

10,197

5,854

NET ASSETS

59,858

75,913

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

59,758

75,813

SHAREHOLDERS' FUNDS

59,858

75,913

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 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.

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 by the director on 17 December 2015 and were signed by:

M R Carey - 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 amounts invoiced, net of value added tax, for goods and services supplied by the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates

expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of

items of income or expenditure in tax computations in periods different from those in which they are included in the

financial statements. Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their useful life.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

63,953

Additions

32,510

At 31 March 2015

96,463

DEPRECIATION

At 1 April 2014

26,447

Charge for year

12,279

At 31 March 2015

38,726

NET BOOK VALUE

At 31 March 2015

57,737

At 31 March 2014

37,506

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100