TX-RX Optics Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06545626 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

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:

78 Shirehampton Road

Stoke Bishop

Bristol

BS9 2DR

REGISTERED NUMBER:

06545626 (England and Wales)

ACCOUNTANT:

Grahame J Harbour Limited

1 Windrush Road

Keynsham

Bristol

Avon

BS31 1QL

FIXED ASSETS

Tangible assets

2

47,493

57,737

CURRENT ASSETS

Stocks

3,050

8,768

Debtors

83,569

101,614

Cash at bank

36,564

20,875

123,183

131,257

CREDITORS

Amounts falling due within one year

85,035

118,939

NET CURRENT ASSETS

38,148

12,318

TOTAL ASSETS LESS CURRENT
LIABILITIES

85,641

70,055

PROVISIONS FOR LIABILITIES

8,391

10,197

NET ASSETS

77,250

59,858

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

77,150

59,758

SHAREHOLDERS' FUNDS

77,250

59,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 22 December 2016 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 January 2015).

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 2015

and 31 March 2016

96,463

DEPRECIATION

At 1 April 2015

38,726

Charge for year

10,244

At 31 March 2016

48,970

NET BOOK VALUE

At 31 March 2016

47,493

At 31 March 2015

57,737

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100