Abbreviated Company Accounts - TOPIC RECORDS LIMITED

TOPIC RECORDS LIMITED - Company Information

00596845 TOPIC RECORDS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 00596845 2014-04-01 2015-03-31 00596845 2015-03-31 00596845 2014-03-31 00596845 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 00596845 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 00596845

TOPIC RECORDS LIMITED

Abbreviated Accounts

31 March 2015

TOPIC RECORDS LIMITED Registered Number 00596845

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	9,987	12,484
Investments	3	42,275	42,275
		52,262	54,759
Current assets
Stocks		21,692	27,402
Debtors		54,437	91,214
Cash at bank and in hand		92,976	211,045
		169,105	329,661
Creditors: amounts falling due within one year		(51,604)	(79,665)
Net current assets (liabilities)		117,501	249,996
Total assets less current liabilities		169,763	304,755
Total net assets (liabilities)		169,763	304,755
Capital and reserves
Called up share capital	4	9,805	9,805
Revaluation reserve		1,300	1,300
Profit and loss account		158,658	293,650
Shareholders' funds		169,763	304,755

For the year ending 31 March 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 directors acknowledge their 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 Board on 18 December 2015

And signed on their behalf by:
A Engle, Director

TOPIC RECORDS LIMITED Registered Number 00596845

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment - 20% reducing balance method

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

2Tangible fixed assets

	£
Cost
At 1 April 2014	187,015
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	187,015
Depreciation
At 1 April 2014	174,531
Charge for the year	2,497
On disposals	-
At 31 March 2015	177,028
Net book values
At 31 March 2015	9,987
At 31 March 2014	12,484

3Fixed assets Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
9,805 Ordinary shares of £1 each	9,805	9,805