Traplet Publications Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01520372

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015

FOR

TRAPLET PUBLICATIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Anthony Henry Dubarrie Stephenson

Thomas Andrew Stephenson

Trudy Ferreira

SECRETARY:

Thomas Andrew Stephenson

REGISTERED OFFICE:

Willow End Park

Blackmore Park Road

Welland

Malvern

Worcestershire

WR13 6NN

REGISTERED NUMBER:

01520372

ACCOUNTANTS:

John Yelland & Company

Chartered Accountants

22 Sansome Walk

Worcester

Worcestershire

WR1 1LS

FIXED ASSETS

Tangible assets

2

479,187

882,433

CURRENT ASSETS

Stocks

167,584

194,896

Debtors

435,429

777,126

Cash at bank and in hand

232,312

9,546

835,325

981,568

CREDITORS

Amounts falling due within one year

3

791,484

940,459

NET CURRENT ASSETS

43,841

41,109

TOTAL ASSETS LESS CURRENT LIABILITIES

523,028

923,542

CREDITORS

Amounts falling due after more than one year

3

2,999

352,364

NET ASSETS

520,029

571,178

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

519,929

571,078

SHAREHOLDERS' FUNDS

520,029

571,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27th July 2015 and were signed on its behalf by:

Anthony Henry Dubarrie Stephenson - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost of buildings

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer software

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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 the profit and loss account in the period to which they relate.

Publication rights

Rights to acquire additional publications are written off over the expected useful life of the original publication.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

1,298,845

Additions

469,643

Disposals

(1,093,085

)

At 31st March 2015

675,403

DEPRECIATION

At 1st April 2014

416,412

Charge for year

26,316

Eliminated on disposal

(246,512

)

At 31st March 2015

196,216

NET BOOK VALUE

At 31st March 2015

479,187

At 31st March 2014

882,433

3.

CREDITORS

Creditors include an amount of £ 5,998 (2014 - £ 510,972 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

-

196,489

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary Shares

£1

100

100

5.	RELATED PARTY DISCLOSURES