Abbreviated Company Accounts - TOPFIELDS LIMITED

Registered Number 06928267

TOPFIELDS LIMITED

Abbreviated Accounts

30 June 2015

TOPFIELDS LIMITED Registered Number 06928267

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	6,010	7,749
		6,010	7,749
Current assets
Stocks		21,285	23,115
Cash at bank and in hand		44	10
		21,329	23,125
Creditors: amounts falling due within one year		(12,598)	(12,820)
Net current assets (liabilities)		8,731	10,305
Total assets less current liabilities		14,741	18,054
Creditors: amounts falling due after more than one year		(41,125)	(41,125)
Total net assets (liabilities)		(26,384)	(23,071)
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(27,384)	(24,071)
Shareholders' funds		(26,384)	(23,071)

For the year ending 30 June 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 14 March 2016

And signed on their behalf by:
Farukh Adia, Director

TOPFIELDS LIMITED Registered Number 06928267

Notes to the Abbreviated Accounts for the period ended 30 June 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 represents amounts receivable for goods and services net of trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Office Equipment 25% Reducing Balance
Motor Vehicles 25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 July 2014	15,354
Additions	259
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	15,613
Depreciation
At 1 July 2014	7,605
Charge for the year	1,998
On disposals	-
At 30 June 2015	9,603
Net book values
At 30 June 2015	6,010
At 30 June 2014	7,749