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REGISTERED NUMBER: 03399113 (England and Wales)















TOPTRON LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023






TOPTRON LIMITED (REGISTERED NUMBER: 03399113)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOPTRON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr S A Robson





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 03399113 (England and Wales)





ACCOUNTANTS: Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

TOPTRON LIMITED (REGISTERED NUMBER: 03399113)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 4,181 2,963

CURRENT ASSETS
Inventories 5 59,459 40,496
Debtors 6 31,427 54,155
Cash at bank and in hand 23,653 38,771
114,539 133,422
CREDITORS
Amounts falling due within one year 7 (100,063 ) (120,904 )
NET CURRENT ASSETS 14,476 12,518
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,657

15,481

CREDITORS
Amounts falling due after more than one
year

8

(11,915

)

(16,726

)

PROVISIONS FOR LIABILITIES (794 ) (563 )
NET ASSETS/(LIABILITIES) 5,948 (1,808 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,848 (1,908 )
SHAREHOLDERS' FUNDS 5,948 (1,808 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

TOPTRON LIMITED (REGISTERED NUMBER: 03399113)

BALANCE SHEET - continued
28 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2023 and were signed by:





Mr S A Robson - Director


TOPTRON LIMITED (REGISTERED NUMBER: 03399113)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Toptron 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.

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
Revenue 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 each asset over its estimated useful life.

Stocks
Inventories 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

TOPTRON LIMITED (REGISTERED NUMBER: 03399113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 12,660 4,035 2,224 18,919
Additions - 3,850 - 3,850
Disposals - (4,035 ) - (4,035 )
At 28 February 2023 12,660 3,850 2,224 18,734
DEPRECIATION
At 1 March 2022 12,362 2,368 1,226 15,956
Charge for year 74 561 329 964
Eliminated on disposal - (2,367 ) - (2,367 )
At 28 February 2023 12,436 562 1,555 14,553
NET BOOK VALUE
At 28 February 2023 224 3,288 669 4,181
At 28 February 2022 298 1,667 998 2,963

5. INVENTORIES
28.2.23 28.2.22
£    £   
Stocks 59,459 40,496

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 4,625 1,685
Tax 380 380
Prepayments and accrued income 26,422 52,090
31,427 54,155

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 45,600 25,404
Social security and other taxes 329 895
VAT 3,763 7,497
Other creditors 4,075 35,780
Directors' current accounts 33,403 29,241
Accrued expenses 7,893 17,087
100,063 120,904

TOPTRON LIMITED (REGISTERED NUMBER: 03399113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 6,915 11,726
11,915 16,726

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S A Robson.