Abbreviated Company Accounts - TOPOLYS LIMITED

Registered Number 04724206

TOPOLYS LIMITED

Abbreviated Accounts

31 May 2014

TOPOLYS LIMITED Registered Number 04724206

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	9,000	10,000
Tangible assets	3	14,227	16,473
		23,227	26,473
Current assets
Stocks		4,600	4,660
Debtors		362	432
Cash at bank and in hand		309	379
		5,271	5,471
Creditors: amounts falling due within one year		(20,079)	(18,837)
Net current assets (liabilities)		(14,808)	(13,366)
Total assets less current liabilities		8,419	13,107
Creditors: amounts falling due after more than one year		(6,311)	(9,412)
Total net assets (liabilities)		2,108	3,695
Capital and reserves
Called up share capital		2	2
Profit and loss account		2,106	3,693
Shareholders' funds		2,108	3,695

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 February 2015

And signed on their behalf by:
H. Heravi, Director

TOPOLYS LIMITED Registered Number 04724206

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents the total sales for the period, exclusive of VAT.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives, as follows:
Plant and equipment - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

Intangible assets amortisation policy
Amortisation of goodwill has been provided to write this off over a 20 year period on a straight line basis.

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 June 2013	20,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	20,000
Amortisation
At 1 June 2013	10,000
Charge for the year	1,000
On disposals	-
At 31 May 2014	11,000
Net book values
At 31 May 2014	9,000
At 31 May 2013	10,000

3Tangible fixed assets

	£
Cost
At 1 June 2013	49,686
Additions	601
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	50,287
Depreciation
At 1 June 2013	33,213
Charge for the year	2,847
On disposals	-
At 31 May 2014	36,060
Net book values
At 31 May 2014	14,227
At 31 May 2013	16,473