Company Registration No. 02957044 (England and Wales)
Toplink Envelopes Limited
Unaudited accounts
for the year ended 30 September 2020
Toplink Envelopes Limited
Unaudited accounts
Contents
Toplink Envelopes Limited
Company Information
for the year ended 30 September 2020
Directors
John Michael Kettel
Mark Peter Copus
Secretary
Mrs M E C Kettel
Company Number
02957044 (England and Wales)
Registered Office
Trident Works
Marsh Lane, Temple Cloud
Bristol
BS39 5AZ
Accountants
Parker Drew Ltd
Trident Works, Marsh Lane
Temple Cloud
Bristol
BS39 5AZ
Toplink Envelopes Limited
Statement of financial position
as at
30 September 2020
Intangible assets
5,975
8,225
Tangible assets
59,080
71,436
Inventories
20,249
24,771
Cash at bank and in hand
60,175
3,012
Creditors: amounts falling due within one year
(135,149)
(119,451)
Net current assets/(liabilities)
35,708
(5,967)
Total assets less current liabilities
100,763
73,694
Provisions for liabilities
Deferred tax
(9,599)
(13,573)
Called up share capital
1,000
1,000
Profit and loss account
90,164
59,121
Shareholders' funds
91,164
60,121
For the year ending 30 September 2020 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2021 and were signed on its behalf by
John Michael Kettel
Director
Company Registration No. 02957044
Toplink Envelopes Limited
Notes to the Accounts
for the year ended 30 September 2020
Toplink Envelopes Limited is a private company, limited by shares, registered in England and Wales, registration number 02957044. The registered office is Trident Works, Marsh Lane, Temple Cloud, Bristol, BS39 5AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% on cost
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Toplink Envelopes Limited
Notes to the Accounts
for the year ended 30 September 2020
4
Intangible fixed assets
Goodwill
At 30 September 2020
45,000
Charge for the year
2,250
At 30 September 2020
39,025
At 30 September 2020
5,975
At 30 September 2019
8,225
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 October 2019
7,016
349,487
10,090
24,255
65,686
456,534
Additions
-
2,500
-
-
-
2,500
At 30 September 2020
7,016
351,987
10,090
24,255
65,686
459,034
At 1 October 2019
7,016
285,361
8,686
23,548
60,487
385,098
Charge for the year
-
13,325
351
141
1,039
14,856
At 30 September 2020
7,016
298,686
9,037
23,689
61,526
399,954
At 30 September 2020
-
53,301
1,053
566
4,160
59,080
At 30 September 2019
-
64,126
1,404
707
5,199
71,436
6
Debtors: amounts falling due within one year
2020
2019
Trade debtors
89,083
84,382
Accrued income and prepayments
1,350
1,319
7
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
-
2,540
Trade creditors
47,391
50,744
Taxes and social security
31,540
12,331
Other creditors
11,069
3,457
Loans from directors
30,092
50,092
Toplink Envelopes Limited
Notes to the Accounts
for the year ended 30 September 2020
8
Average number of employees
During the year the average number of employees was 7 (2019: 7).