Toplink Envelopes Ltd - Period Ending 2015-09-30

Registration number: 2957044

Toplink Envelopes Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

AIMS Accountants for Business
Old Brewery House
1-3 Ashton Rd
Bristol
BS3 2EA

Toplink Envelopes Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Management Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Toplink Envelopes Ltd
for the Year Ended 30 September 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Toplink Envelopes Ltd for the year ended 30 September 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Toplink Envelopes Ltd, as a body, in accordance with the terms of our engagement letter dated 9 March 2011. Our work has been undertaken solely to prepare for your approval the accounts of Toplink Envelopes Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Toplink Envelopes Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Toplink Envelopes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Toplink Envelopes Ltd. You consider that Toplink Envelopes Ltd 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 accounts of Toplink Envelopes Ltd. 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 accounts.

......................................

AIMS Accountants for Business
Old Brewery House
1-3 Ashton Rd
Bristol
BS3 2EA

9 November 2015

Page 1

Toplink Envelopes Ltd
(Registration number: 2957044)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					17,225			19,475
Tangible fixed assets					57,887			66,754
					75,112			86,229
Current assets
Stocks					28,975			25,588
Debtors					121,687			97,640
Cash at bank and in hand					5,747			17,979
					156,409			141,207
Creditors: Amounts falling due within one year					(130,160)			(132,472)
Net current assets					26,249			8,735
Net assets					101,361			94,964
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					100,361			93,964
Shareholders' funds					101,361			94,964

For the year ending 30 September 2015 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 director acknowledges his 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 director on 9 November 2015

.........................................
Mr JM Kettel
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Toplink Envelopes Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	20 years straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Fixtures and fittings	25% reducing balance
Motor vehicles	25% reducing balance
Freehold property	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Toplink Envelopes Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2014		45,000			352,320			397,320
Additions		-			10,023			10,023
At 30 September 2015		45,000			362,343			407,343
Depreciation
At 1 October 2014		25,525			285,566			311,091
Charge for the year		2,250			18,890			21,140
At 30 September 2015		27,775			304,456			332,231
Net book value
At 30 September 2015		17,225			57,887			75,112
At 30 September 2014		19,475			66,754			86,229

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

Page 4

Toplink Envelopes Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

4	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
J Kettel
Loan from director	38,554	-	48,554	-

Page 5