TX Direct Limited - Accounts to registrar (filleted) - small 18.2

TX Direct Limited - Accounts to registrar (filleted) - small 18.2

TX DIRECT LIMITED - Company Information

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REGISTERED NUMBER: 03504616 (England and Wales)















TX DIRECT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018





Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU








TX DIRECT LIMITED (REGISTERED NUMBER: 03504616)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


TX DIRECT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2018







DIRECTOR: Mr M. D. Collie



REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU



BUSINESS ADDRESS: 1-2 Gawcombe Cottages
Church Westcote
Chipping Norton
Gloucestershire
OX7 6SS



REGISTERED NUMBER: 03504616 (England and Wales)



ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU



BANKERS: The Royal Bank of Scotland
PO Box 1727
Drummond House
1 Redheughs Avenue
Edinburgh
EH12 9JN
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TX DIRECT LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of
Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary
statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of TX Direct Limited for the year ended 30 April 2018 which comprise the Income Statement, Statement of Financial
Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of TX Direct Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TX Direct Limited and state those matters that we have agreed to state to the director of TX Direct Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TX Direct Limited and its director for our work or for this report.

It is your duty to ensure that TX Direct Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TX Direct Limited. You consider that TX Direct Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TX Direct Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


21 August 2018

This page does not form part of the statutory financial statements

Page 2
TX DIRECT LIMITED (REGISTERED NUMBER: 03504616)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,710 2,137
Investments 5 50,000 50,000
51,710 52,137

CURRENT ASSETS
Debtors 6 85,181 104,274
Cash at bank 27,021 896
112,202 105,170
CREDITORS
Amounts falling due within one year 7 5,488 4,175
NET CURRENT ASSETS 106,714 100,995
TOTAL ASSETS LESS CURRENT
LIABILITIES
158,424
153,132

PROVISIONS FOR LIABILITIES 325 427
NET ASSETS 158,099 152,705

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 157,999 152,605
SHAREHOLDERS' FUNDS 158,099 152,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 notes form part of these financial statements

Page 3 continued...
TX DIRECT LIMITED (REGISTERED NUMBER: 03504616)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 21 August 2018 and were signed by:





Mr M. D. Collie - Director


The notes form part of these financial statements

Page 4
TX DIRECT LIMITED (REGISTERED NUMBER: 03504616)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018


1. STATUTORY INFORMATION

TX Direct Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales of goods/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.
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of
financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 3 ) .

Page 5 continued...
TX DIRECT LIMITED (REGISTERED NUMBER: 03504616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2017
and 30 April 2018 18,036
DEPRECIATION
At 1 May 2017 15,899
Charge for year 427
At 30 April 2018 16,326
NET BOOK VALUE
At 30 April 2018 1,710
At 30 April 2017 2,137

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2017
and 30 April 2018 50,000
NET BOOK VALUE
At 30 April 2018 50,000
At 30 April 2017 50,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 6,852
Other debtors 85,181 97,422
85,181 104,274

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 320 -
Trade creditors - 26
Taxation and social security 4,308 3,316
Other creditors 860 833
5,488 4,175

Page 6 continued...
TX DIRECT LIMITED (REGISTERED NUMBER: 03504616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2018 and 30 April 2017:

2018 2017
£    £   
Mr M. D. Collie
Balance outstanding at start of year 74,747 89,036
Amounts advanced 34,453 23,800
Amounts repaid (46,278 ) (38,089 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,922 74,747

9. ULTIMATE CONTROLLING PARTY

Control of the company is exercised by Mr. M.D. Collie by virtue of his shareholdings in the company.

10. COMPANY INFORMATION

The company is a private limited company incorporated in England and Wales.

Page 7