Abbreviated Company Accounts - TOPIC RECORDS LIMITED

TOPIC RECORDS LIMITED - Company Information

00596845 TOPIC RECORDS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 00596845 2015-04-01 2016-03-31 00596845 2016-03-31 00596845 2015-03-31 00596845 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 00596845 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 00596845

TOPIC RECORDS LIMITED

Abbreviated Accounts

31 March 2016

TOPIC RECORDS LIMITED Registered Number 00596845

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	7,990	9,987
Investments	3	42,275	42,275
		50,265	52,262
Current assets
Stocks		22,774	21,692
Debtors		47,944	54,437
Cash at bank and in hand		90,904	92,975
		161,622	169,104
Creditors: amounts falling due within one year		(41,218)	(51,604)
Net current assets (liabilities)		120,404	117,500
Total assets less current liabilities		170,669	169,762
Total net assets (liabilities)		170,669	169,762
Capital and reserves
Called up share capital	4	9,805	9,805
Revaluation reserve		1,300	1,300
Profit and loss account		159,564	158,657
Shareholders' funds		170,669	169,762

For the year ending 31 March 2016 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 19 December 2016

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 2016

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 2015	187,015
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	187,015
Depreciation
At 1 April 2015	177,028
Charge for the year	1,997
On disposals	-
At 31 March 2016	179,025
Net book values
At 31 March 2016	7,990
At 31 March 2015	9,987

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:

	2016 £	2015 £
9,805 Ordinary shares of £1 each	9,805	9,805