TRP MAGAZINES LIMITED - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02728298 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

TRP MAGAZINES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M H Redmayne

SECRETARY:

Mrs E Redmayne

REGISTERED OFFICE:

Landsdowne House

3-7 Northcote Road

London

SW11 1NG

REGISTERED NUMBER:

02728298 (England and Wales)

ACCOUNTANTS:

Williams Chartered Accountants

Jade House

67 Park Royal Road

London

NW10 7JJ

FIXED ASSETS

Tangible assets

2

47,490

35,063

CURRENT ASSETS

Stocks

52,965

54,545

Debtors

449,617

480,628

Cash at bank and in hand

100,775

64,340

603,357

599,513

CREDITORS

Amounts falling due within one year

3

590,076

632,125

NET CURRENT ASSETS/(LIABILITIES)

13,281

(32,612

)

TOTAL ASSETS LESS CURRENT LIABILITIES

60,771

2,451

CAPITAL AND RESERVES

Called up share capital

4

900

900

Profit and loss account

59,871

1,551

SHAREHOLDERS' FUNDS

60,771

2,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 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 director on 24 September 2015 and were signed by:

M H Redmayne - 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 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,Fittings & Equipment

-

25% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

179,204

Additions

24,785

At 31 December 2014

203,989

DEPRECIATION

At 1 January 2014

144,141

Charge for year

12,358

At 31 December 2014

156,499

NET BOOK VALUE

At 31 December 2014

47,490

At 31 December 2013

35,063

3.

CREDITORS

Creditors include an amount of £ 135,103 (31.12.13 - £ 145,337 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

900

Ordinary

£1

900

900