Company Registration No. 03572459 (England and Wales)
TRANSITION ZONE TECHNOLOGY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
TRANSITION ZONE TECHNOLOGY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
TRANSITION ZONE TECHNOLOGY LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
19,649
29,327
Current assets
Debtors
7,923
28,631
Cash at bank and in hand
45,987
22,991
53,910
51,622
Creditors: amounts falling due within one year
(5,984)
(7,679)
Net current assets
47,926
43,943
Total assets less current liabilities
67,575
73,270
Provisions for liabilities
(3,930)
-
63,645
73,270
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
63,643
73,268
Shareholders' funds
63,645
73,270
For the financial year ended 30 June 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 10 November 2016
R Stapleton
E A Andrews
Director
Director
Company Registration No. 03572459
TRANSITION ZONE TECHNOLOGY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% and 33.3% on cost
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015 & at 30 June 2016
294,563
Depreciation
At 1 July 2015
265,236
Charge for the year
9,678
At 30 June 2016
274,914
Net book value
At 30 June 2016
19,649
At 30 June 2015
29,327
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2
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