TOPLEVEL HOLDINGS LIMITED Small abbreviated accounts

TOPLEVEL HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 03270082

TOPLEVEL HOLDINGS LIMITED

ABBREVIATED ACCOUNTS

31 March 2015

BERNARD ATKINS LIMITED

Chartered Accountants

Eight Bells House

14 Church Street

Tetbury

Gloucestershire

GL8 8JG

TOPLEVEL HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

31 March 2015

		2015		2014
Note		£	£	£
FIXED ASSETS	2
Tangible assets			35,003	54,288
Investments			10,004	10,004
			---------	---------
			45,007	64,292
			---------	---------

CURRENT ASSETS

Debtors	292,856		212,030
Cash at bank and in hand	242,822		358,440
	----------		----------
	535,678		570,470
CREDITORS: Amounts falling due within one year	397,367		469,640
	----------		----------
NET CURRENT ASSETS		138,311	100,830
		----------	----------
TOTAL ASSETS LESS CURRENT LIABILITIES		183,318	165,122

PROVISIONS FOR LIABILITIES	5,250	8,720
	----------	----------
	178,068	156,402
	----------	----------

CAPITAL AND RESERVES

Called-up equity share capital	4	10,140	10,140
Share premium account		1,544	1,544
Profit and loss account		166,384	144,718
		----------	----------
SHAREHOLDERS' FUNDS		178,068	156,402
		----------	----------

For the year ended 31st March 2015 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 accounts for the year in question in accordance with section 476; and

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

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 28 May 2015 , and are signed on their behalf by:

S BRIMLEY J E ROBERTS

Company Registration Number: 03270082

TOPLEVEL HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31ST MARCH 2015

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Computer Equipment 33.3% straight line

Fixtures & Fittings 33.3% straight line

Office Equipment 20-33.3% straight line

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. FIXED ASSETS

Tangible Assets	Investments	Total
£	£	£

COST

At 1st April 2014	236,329	10,004	246,333
Additions	22,675	–	22,675
Disposals	( 16,077)	–	( 16,077)
	----------	---------	----------
At 31st March 2015	242,927	10,004	252,931
	----------	---------	----------

DEPRECIATION

At 1st April 2014	182,041	–	182,041
Charge for year	41,957	–	41,957
On disposals	( 16,074)	–	( 16,074)
	----------	----	----------
At 31st March 2015	207,924	–	207,924
	----------	----	----------

NET BOOK VALUE

At 31st March 2015	35,003	10,004	45,007
	---------	---------	---------
At 31st March 2014	54,288	10,004	64,292
	---------	---------	---------

Investments comprise 100% of the issued ordinary share capital of the companies listed below, Toplevel Software Limited (dormant) Toplevel Development Limited Toplevel Computing Limited All of the above companies are incorporated in the United Kingdom.

		2015	2014
		£	£

Aggregate capital and reserves

Toplevel Software Limited (dormant)	2	2
Toplevel Development Limited	655,346	633,201
Toplevel Computing Limited	899,301	852,649

3. RELATED PARTY TRANSACTIONS

The company was under the control of Mr S Brimley and Ms J E Roberts throughout the current period . Mr Brimley and Ms Roberts are the majority shareholders . No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

4. SHARE CAPITAL

Authorised share capital:

	2015	2014
	£	£
1,500,000 Ordinary shares of £ 0.01 each	15,000	15,000
	---------	---------
	15,000	15,000
	---------	---------

Allotted, called up and fully paid:

	2015		2014
	No	£	No	£
Ordinary shares of £ 0.01 each	1,014,000	10,140	1,014,000	10,140
	-------------	---------	-------------	---------
	1,014,000	10,140	1,014,000	10,140
	-------------	---------	-------------	---------