Abbreviated Company Accounts - TOPOLYS LIMITED

04724206 TOPOLYS LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 04724206 2014-06-01 2015-05-31 04724206 2015-05-31 04724206 2014-05-31 04724206 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 04724206 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2015-05-31 uk-gaap-cd-bus:Director3 2014-05-31 iso4217:GBP shares

Registered Number 04724206

TOPOLYS LIMITED

Abbreviated Accounts

31 May 2015

TOPOLYS LIMITED Registered Number 04724206

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	8,000	9,000
Tangible assets	3	12,928	14,227
		20,928	23,227
Current assets
Stocks		4,600	4,600
Debtors		9,548	362
Cash at bank and in hand		532	309
		14,680	5,271
Creditors: amounts falling due within one year		(18,493)	(20,079)
Net current assets (liabilities)		(3,813)	(14,808)
Total assets less current liabilities		17,115	8,419
Creditors: amounts falling due after more than one year		(16,870)	(6,311)
Total net assets (liabilities)		245	2,108
Capital and reserves
Called up share capital		2	2
Profit and loss account		243	2,106
Shareholders' funds		245	2,108

For the year ending 31 May 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 25 February 2016

And signed on their behalf by:
H. Heravi, Director

TOPOLYS LIMITED Registered Number 04724206

Notes to the Abbreviated Accounts for the period ended 31 May 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
The turnover shown in the profit and loss account represents the total sales for the period, exclusive of VAT.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives, as follows:
Plant and equipment - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

Intangible assets amortisation policy
Amortisation of goodwill has been provided to write this off over a 20 year period on a straight line basis.

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 June 2014	20,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	20,000
Amortisation
At 1 June 2014	11,000
Charge for the year	1,000
On disposals	-
At 31 May 2015	12,000
Net book values
At 31 May 2015	8,000
At 31 May 2014	9,000

3Tangible fixed assets

	£
Cost
At 1 June 2014	50,287
Additions	1,280
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	51,567
Depreciation
At 1 June 2014	36,060
Charge for the year	2,579
On disposals	-
At 31 May 2015	38,639
Net book values
At 31 May 2015	12,928
At 31 May 2014	14,227

4Transactions with directors

Name of director receiving advance or credit:	H. Heravi
Description of the transaction:	Loan
Balance at 1 June 2014:	£ 0
Advances or credits made:	£ 9,192
Advances or credits repaid:	-
Balance at 31 May 2015:	£ 9,192