Company Registration No. 07537218 (England and Wales)
Toptech Security Limited
Unaudited accounts
for the year ended 28 February 2023
Toptech Security Limited
Unaudited accounts
Contents
Toptech Security Limited
Company Information
for the year ended 28 February 2023
Directors
Joseph Wamunyu
Fidelis Kamau
Company Number
07537218 (England and Wales)
Toptech Security Limited
Statement of financial position
as at 28 February 2023
Tangible assets
11,566
14,456
Cash at bank and in hand
6,508
32,053
Creditors: amounts falling due within one year
(31,879)
(20,361)
Net current assets
50,405
41,492
Total assets less current liabilities
61,971
55,948
Creditors: amounts falling due after more than one year
(54,628)
(47,213)
Called up share capital
1
1
Profit and loss account
7,342
8,734
Shareholders' funds
7,343
8,735
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by
Joseph Wamunyu
Director
Company Registration No. 07537218
Toptech Security Limited
Notes to the Accounts
for the year ended 28 February 2023
Toptech Security Limited is a private company, limited by shares, registered in England and Wales, registration number 07537218.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
7,170
13,419
4,925
25,514
At 28 February 2023
7,170
13,419
4,925
25,514
At 1 March 2022
3,881
3,563
3,614
11,058
Charge for the year
657
1,971
262
2,890
At 28 February 2023
4,538
5,534
3,876
13,948
At 28 February 2023
2,632
7,885
1,049
11,566
At 28 February 2022
3,289
9,856
1,311
14,456
Amounts falling due within one year
Trade debtors
75,776
29,800
Toptech Security Limited
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,826
3,841
Obligations under finance leases and hire purchase contracts
4,783
1,046
Taxes and social security
739
3,388
Other creditors
6,079
5,635
Loans from directors
10,638
2,770
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).