Traplet Publications Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01520372

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014

FOR

TRAPLET PUBLICATIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Anthony Henry Dubarrie Stephenson

Thomas Andrew Stephenson

SECRETARY:

Thomas Andrew Stephenson

REGISTERED OFFICE:

Traplet House

Pendragon Close

Malvern

Worcestershire

WR14 1GA

REGISTERED NUMBER:

01520372

ACCOUNTANTS:

John Yelland & Company

Chartered Accountants

22 Sansome Walk

Worcester

Worcestershire

WR1 1LS

FIXED ASSETS

Tangible assets

2

882,433

919,637

CURRENT ASSETS

Stocks

194,896

217,421

Debtors

777,126

755,588

Cash at bank and in hand

9,546

3,658

981,568

976,667

CREDITORS

Amounts falling due within one year

3

940,459

914,287

NET CURRENT ASSETS

41,109

62,380

TOTAL ASSETS LESS CURRENT LIABILITIES

923,542

982,017

CREDITORS

Amounts falling due after more than one year

3

352,364

394,520

NET ASSETS

571,178

587,497

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

571,078

587,397

SHAREHOLDERS' FUNDS

571,178

587,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29th October 2014 and were signed on its behalf by:

Anthony Henry Dubarrie Stephenson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost of buildings

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer software

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Publication rights

Rights to acquire additional publications are written off over the expected useful life of the original publication.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

1,305,882

Additions

2,534

Disposals

(9,571

)

At 31st March 2014

1,298,845

DEPRECIATION

At 1st April 2013

386,245

Charge for year

39,738

Eliminated on disposal

(9,571

)

At 31st March 2014

416,412

NET BOOK VALUE

At 31st March 2014

882,433

At 31st March 2013

919,637

3.

CREDITORS

Creditors include an amount of £ 510,972 (2013 - £ 554,057 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

196,489

238,087

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary Shares

£1

100

100

5.	RELATED PARTY DISCLOSURES