Registered Number 04354528

RED TOP RESOURCES LIMITED

Abbreviated Accounts

31 May 2016

RED TOP RESOURCES LIMITED Registered Number 04354528

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,463 4,618
3,463 4,618
Current assets
Debtors 66,636 52,423
Cash at bank and in hand - 4,011
66,636 56,434
Creditors: amounts falling due within one year (64,008 ) (55,616 )
Net current assets (liabilities) 2,628 818
Total assets less current liabilities 6,091 5,436
Provisions for liabilities (398 ) (564 )
Total net assets (liabilities) 5,693 4,872
Capital and reserves
Called up share capital 101 101
Profit and loss account 5,592 4,771
Shareholders' funds 5,693 4,872

  • For the year ending 31 May 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 3 February 2017

And signed on their behalf by:
MR M CASE, Director

RED TOP RESOURCES LIMITED Registered Number 04354528

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1 Accounting 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 VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings - 20% straight line
Fixtures, fittings and equipment - 25% reducing balance

2 Tangible fixed assets
£
Cost
At 1 June 2015 18,827
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 18,827
Depreciation
At 1 June 2015 14,209
Charge for the year 1,155
On disposals -
At 31 May 2016 15,364
Net book values
At 31 May 2016 3,463
At 31 May 2015 4,618