Registered number
04354528
Red Top Resources Limited
Abbreviated unaudited financial statements
31 May 2015
Red Top Resources Limited
Registered number: 04354528
Abbreviated Balance Sheet
as at 31 May 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 4,618 6,158
Current assets
Debtors 52,423 97,244
Cash at bank and in hand 4,011 41,904
56,434 139,148
Creditors: amounts falling due within one year (55,616) (140,596)
#NAME? 818 (1,448)
Total assets less current liabilities 5,436 4,710
Provisions for liabilities (564) (983)
#NAME? 4,872 3,727
Capital and reserves
Called up share capital 3 101 101
Profit and loss account 4,771 3,626
Shareholder's funds 4,872 3,727
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
……………………………………………
Mr M H Case
Director
Approved by the board on 04.12.2015
Red Top Resources Limited
Notes to the Abbreviated unaudited financial statements
for the year ended 31 May 2015
1 Accounting policies
Basis of preparation
The unaudited financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The director believe the company to be a going concern and will continue to give his support to the company over the next 12 months.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures, fittings and equipment 25% reducing balance
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 1 June 2014 15,557
At 31 May 2015 15,557
Depreciation
At 1 June 2014 9,399
Charge for the year 1,540
At 31 May 2015 10,939
Net book value
At 31 May 2015 4,618
At 31 May 2014 6,158
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
A Ordinary shares £1 each 1 1 1
101 101
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