Registered number
08751418
TOPFIELD CONSULTANCY LIMITED
Filleted Accounts
31 March 2023
TOPFIELD CONSULTANCY LIMITED
Registered number: 08751418
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 531 914
Current assets
Debtors 4 13,650 31,633
Cash at bank and in hand 81,525 35,915
95,175 67,548
Creditors: amounts falling due within one year 5 (15,242) (4,947)
Net current assets 79,933 62,601
Net assets 80,464 63,515
Capital and reserves
Called up share capital 10 10
Profit and loss account 80,454 63,505
Shareholders' funds 80,464 63,515
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 members have 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr M T G Harris
Director
Approved by the board on 16 October 2023
TOPFIELD CONSULTANCY LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment, fixtures and fittings over 4 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 4
3 Tangible fixed assets
Office equip., fix. and fittings
£
Cost
At 1 April 2022 6,566
At 31 March 2023 6,566
Depreciation
At 1 April 2022 5,652
Charge for the year 383
At 31 March 2023 6,035
Net book value
At 31 March 2023 531
At 31 March 2022 914
4 Debtors 2023 2022
£ £
Trade debtors 12,431 8,941
Other debtors 1,219 22,692
13,650 31,633
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 9,044 -
Other taxes and social security costs 3,948 2,455
Other creditors 2,250 2,492
15,242 4,947
6 Other information
TOPFIELD CONSULTANCY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
3rd Floor, Steward House
14 Commercial Way
Woking
Surrey
GU21 6EN
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