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REGISTERED NUMBER: 04547744 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2022

FOR

TOP CLOTHING LIMITED

TOP CLOTHING LIMITED (REGISTERED NUMBER: 04547744)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TOP CLOTHING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2022







DIRECTOR: Mr. H M A U Patel





REGISTERED OFFICE: 250 Greenlane Road
Leicester
LE5 4PA





REGISTERED NUMBER: 04547744 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE

TOP CLOTHING LIMITED (REGISTERED NUMBER: 04547744)

STATEMENT OF FINANCIAL POSITION
28TH FEBRUARY 2022

28/2/22 28/2/21
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 179

CURRENT ASSETS
Stocks 5 - 35,250
Debtors 6 3,284 67,635
Cash at bank and in hand 401,019 540,936
404,303 643,821
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

(75,891

)

(271,005

)
NET CURRENT ASSETS 328,412 372,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,412

372,995

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(42,667

)

(50,000

)
NET ASSETS 285,745 322,995

CAPITAL AND RESERVES
Called up share capital 9 99 99
Retained earnings 285,646 322,896
SHAREHOLDERS' FUNDS 285,745 322,995

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28th February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TOP CLOTHING LIMITED (REGISTERED NUMBER: 04547744)

STATEMENT OF FINANCIAL POSITION - continued
28TH FEBRUARY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th August 2022 and were signed by:





Mr. H M A U Patel - Director


TOP CLOTHING LIMITED (REGISTERED NUMBER: 04547744)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2022


1. STATUTORY INFORMATION

Top Clothing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Office equipment - 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.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

TOP CLOTHING LIMITED (REGISTERED NUMBER: 04547744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2021 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1st March 2021 12,250 695 12,945
Additions 29,800 - 29,800
Disposals (42,050 ) (695 ) (42,745 )
At 28th February 2022 - - -
DEPRECIATION
At 1st March 2021 12,247 519 12,766
Eliminated on disposal (12,247 ) (519 ) (12,766 )
At 28th February 2022 - - -
NET BOOK VALUE
At 28th February 2022 - - -
At 28th February 2021 3 176 179

5. STOCKS
28/2/22 28/2/21
£    £   
Stocks - 35,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/22 28/2/21
£    £   
Trade debtors 3,284 65,123
Other debtors - 2,512
3,284 67,635

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/22 28/2/21
£    £   
Trade creditors 151 102,621
Taxation and social security 30,534 137,118
Other creditors 45,206 31,266
75,891 271,005

TOP CLOTHING LIMITED (REGISTERED NUMBER: 04547744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/22 28/2/21
£    £   
Bank loans 42,667 50,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/22 28/2/21
value: £    £   
99 Ordinary £1 99 99

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th February 2022 and 28th February 2021:

28/2/22 28/2/21
£    £   
Mr. H M A U Patel
Balance outstanding at start of year (24,395 ) (28,543 )
Amounts advanced (9,560 ) -
Amounts repaid - 4,148
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (33,955 ) (24,395 )