IRIS Accounts Production v23.3.0.418 02026371 Board of Directors Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020263712022-06-30020263712023-06-30020263712022-07-012023-06-30020263712021-06-30020263712021-07-012022-06-30020263712022-06-3002026371ns10:Originalns15:EnglandWales2022-07-012023-06-3002026371ns14:PoundSterlingns10:Original2022-07-012023-06-3002026371ns10:Originalns10:Director12022-07-012023-06-3002026371ns10:Original2022-07-012023-06-3002026371ns10:Originalns10:Director22022-07-012023-06-3002026371ns10:Original2023-06-3002026371ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3002026371ns10:Originalns10:SmallEntities2022-07-012023-06-3002026371ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3002026371ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3002026371ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3002026371ns10:Originalns10:FullAccounts2022-07-012023-06-3002026371ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3002026371ns10:CompanySecretary1ns10:Original2022-07-012023-06-3002026371ns10:Originalns10:RegisteredOffice2022-07-012023-06-3002026371ns10:Original2022-06-3002026371ns10:Originalns5:CurrentFinancialInstruments2023-06-3002026371ns10:Originalns5:CurrentFinancialInstruments2022-06-3002026371ns5:ShareCapitalns10:Original2023-06-3002026371ns5:ShareCapitalns10:Original2022-06-3002026371ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3002026371ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3002026371ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-07-012023-06-3002026371ns10:Originalns5:FurnitureFittings2022-07-012023-06-3002026371ns10:Originalns5:MotorVehicles2022-07-012023-06-3002026371ns10:Original2021-07-012022-06-3002026371ns10:Originalns5:FurnitureFittings2022-06-3002026371ns10:Originalns5:MotorVehicles2022-06-3002026371ns10:Original2022-06-3002026371ns10:Originalns5:FurnitureFittings2023-06-3002026371ns10:Originalns5:MotorVehicles2023-06-3002026371ns10:Originalns5:FurnitureFittings2022-06-3002026371ns10:Originalns5:MotorVehicles2022-06-3002026371ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3002026371ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3002026371ns10:Originalns5:WithinOneYear2023-06-3002026371ns10:Originalns5:WithinOneYear2022-06-3002026371ns5:BetweenOneFiveYearsns10:Original2023-06-3002026371ns5:BetweenOneFiveYearsns10:Original2022-06-3002026371ns10:Originalns5:MoreThanFiveYears2023-06-3002026371ns10:Originalns5:MoreThanFiveYears2022-06-3002026371ns10:Originalns5:AllPeriods2023-06-3002026371ns10:Originalns5:AllPeriods2022-06-3002026371ns5:Securedns10:Original2023-06-3002026371ns5:Securedns10:Original2022-06-3002026371ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-06-3002026371ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-06-3002026371ns10:Originalns5:TaxLossesCarry-forwardsDeferredTax2023-06-3002026371ns10:Originalns5:TaxLossesCarry-forwardsDeferredTax2022-06-3002026371ns10:Originalns5:DeferredTaxation2022-06-3002026371ns10:Originalns5:DeferredTaxation2022-07-012023-06-3002026371ns10:Originalns5:DeferredTaxation2023-06-3002026371ns10:Originalns10:OrdinaryShareClass12023-06-30
REGISTERED NUMBER: 02026371 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

TOPJET LTD

TOPJET LTD (REGISTERED NUMBER: 02026371)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


TOPJET LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: S Dann
L L Simmons





SECRETARY: S Dann





REGISTERED OFFICE: 9B Great Northern Works
Hartham Lane
Hertford
Hertfordshire
SG14 1QN





REGISTERED NUMBER: 02026371 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

TOPJET LTD (REGISTERED NUMBER: 02026371)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,054 117,062

CURRENT ASSETS
Stocks 325,329 252,245
Debtors 5 47,456 35,664
Cash at bank and in hand 43,545 21,385
416,330 309,294
CREDITORS
Amounts falling due within one year 6 389,991 318,940
NET CURRENT ASSETS/(LIABILITIES) 26,339 (9,646 )
TOTAL ASSETS LESS CURRENT LIABILITIES 140,393 107,416

PROVISIONS FOR LIABILITIES 9 20,296 12,360
NET ASSETS 120,097 95,056

CAPITAL AND RESERVES
Called up share capital 10 20,000 20,000
Retained earnings 100,097 75,056
SHAREHOLDERS' FUNDS 120,097 95,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TOPJET LTD (REGISTERED NUMBER: 02026371)

BALANCE SHEET - continued
30 JUNE 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:




L L Simmons - Director



S Dann - Director


TOPJET LTD (REGISTERED NUMBER: 02026371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Topjet Ltd 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

TOPJET LTD (REGISTERED NUMBER: 02026371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2022 171,560 15,545 187,105
Additions 31,146 - 31,146
Disposals (15,840 ) - (15,840 )
At 30 June 2023 186,866 15,545 202,411
DEPRECIATION
At 1 July 2022 54,922 15,121 70,043
Charge for year 34,048 106 34,154
Eliminated on disposal (15,840 ) - (15,840 )
At 30 June 2023 73,130 15,227 88,357
NET BOOK VALUE
At 30 June 2023 113,736 318 114,054
At 30 June 2022 116,638 424 117,062

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 31,422 21,922
Prepayments 16,034 13,742
47,456 35,664

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 826
Trade creditors 107,842 48,126
Amounts owed to associates 239,700 223,700
Taxation and social security 26,099 14,855
Other creditors 16,350 31,433
389,991 318,940

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 85,500 38,000
Between one and five years 342,000 152,000
In more than five years 107,667 145,667
535,167 335,667

TOPJET LTD (REGISTERED NUMBER: 02026371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 826

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 20,296 14,630
Tax losses carried forward - (2,270 )
20,296 12,360

Deferred
tax
£   
Balance at 1 July 2022 12,360
Provided during year 7,936
Balance at 30 June 2023 20,296

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20,000 Ordinary Shares £1 20,000 20,000

11. RELATED PARTY DISCLOSURES

Included in creditors is a loan balance of £239,700 owing to PECG Limited an associated company.

12. ULTIMATE CONTROLLING PARTY

The controlling party is L L Simmons.