Top Banana Communication Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03726387 (England and Wales)

TOP BANANA COMMUNICATION LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mr R A Bridge

Mr N J Terry

SECRETARY:

Mr R A Bridge

REGISTERED OFFICE:

The Studio

Broome

Stourbridge

West Midlands

DY9 0HA

REGISTERED NUMBER:

03726387 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Top Banana Communication Limited for the year ended 31 March 2015 which comprise the Profit and Loss Account,

the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Top Banana Communication Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Top Banana Communication Limited and state those matters that we have agreed to state to the Board of Directors of Top Banana Communication Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Top Banana Communication Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Top Banana Communication Limited. You consider that Top Banana Communication Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Top Banana Communication Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you

have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

7 August 2015

FIXED ASSETS

Intangible assets

2

516

861

Tangible assets

3

101,970

116,753

102,486

117,614

CURRENT ASSETS

Stocks

500

500

Debtors

1,532,517

1,114,535

Cash at bank and in hand

654,199

1,006,563

2,187,216

2,121,598

CREDITORS

Amounts falling due within one year

1,155,073

1,232,897

NET CURRENT ASSETS

1,032,143

888,701

TOTAL ASSETS LESS CURRENT LIABILITIES

1,134,629

1,006,315

PROVISIONS FOR LIABILITIES

13,908

18,335

NET ASSETS

1,120,721

987,980

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

1,120,719

987,978

SHAREHOLDERS' FUNDS

1,120,721

987,980

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 7 August 2015 and were signed on its behalf by:

Mr R A Bridge - Director

Mr N J Terry - 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 sales of goods and services, excluding value added tax

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal

instalments over their estimated useful life of 10 years.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

153,945

AMORTISATION

At 1 April 2014

153,084

Amortisation for year

345

At 31 March 2015

153,429

NET BOOK VALUE

At 31 March 2015

516

At 31 March 2014

861

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

355,946

Additions

15,252

At 31 March 2015

371,198

DEPRECIATION

At 1 April 2014

239,193

Charge for year

30,035

At 31 March 2015

269,228

NET BOOK VALUE

At 31 March 2015

101,970

At 31 March 2014

116,753

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

NIL

Ordinary

£1

-

2

(2014 - 2 )

200

Ordinary.

1p

2

-

2

2