REOX_LIMITED - Accounts

REOX LIMITED - Company Information

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Company Registration No. 04728146 (England and Wales)

REOX LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

REOX LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

REOX LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

739

17,184

Cash at bank and in hand

474,435

758,323

475,174

775,507

Creditors: amounts falling due within one year

(11,438)

(156,906)

Total assets less current liabilities

463,736

618,601

Capital and reserves

Called up share capital

Share premium account

985,995

Profit and loss account

(522,304)

(367,435)

Shareholders' funds

463,736

618,601

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 June 2017

C J Schofield

Director

Company Registration No. 04728146

REOX LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.4

Deferred taxation

Due to the uncertainty of recoverability, no provision for deferred tax asset has been made. The potential asset this year is £113,910 (2015: £79,765). The liability has arisen due to losses carried forward of £572,846 (2015: £417,254) and depreciation in advance of capital allowances of £3,298 (2015: £4,022).

Share capital

2016

2015

Allotted, called up and fully paid

281,814 of 0.01p each

126,000 of 0.01p each

16,312 of 0.01p each

24,468 of 0.01p each

16,312 Ordinary B shares and 24,468 Ordinary C shares of £0.01 each were issued on 6 May 2016 as fully paid.