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TOPLINE DEVELOPMENTS (YORKSHIRE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






TOPLINE DEVELOPMENTS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 05768315)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOPLINE DEVELOPMENTS (YORKSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: M Sharp
Mrs D J Sharp



REGISTERED OFFICE: Wilkinson and Partners
Moors House
11 South Hawksworth Street
Ilkley
West Yorkshire
LS29 9DX



REGISTERED NUMBER: 05768315



ACCOUNTANTS: Wilkinson and Partners
Moors House
11 South Hawksworth Street
Ilkley
West Yorkshire
LS29 9DX



BANKERS: HSBC plc
PO Box 45
47 Market Street
Bradford
West Yorkshire
BD1 1LW

TOPLINE DEVELOPMENTS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 05768315)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 257,259 189,540

CURRENT ASSETS
Stocks 445,000 382,000
Debtors 5 1,141,067 1,142,809
Cash at bank 103 -
1,586,170 1,524,809
CREDITORS
Amounts falling due within one year 6 1,202,264 1,136,921
NET CURRENT ASSETS 383,906 387,888
TOTAL ASSETS LESS CURRENT LIABILITIES 641,165 577,428

CREDITORS
Amounts falling due after more than one year 7 (463,978 ) (437,414 )

PROVISIONS FOR LIABILITIES 8 (39,252 ) (36,013 )
NET ASSETS 137,935 104,001

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 137,933 103,999
SHAREHOLDERS' FUNDS 137,935 104,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

TOPLINE DEVELOPMENTS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 05768315)

BALANCE SHEET - continued
31ST MARCH 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 6th July 2023 and were signed on its behalf by:





M Sharp - Director


TOPLINE DEVELOPMENTS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 05768315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Topline Developments (Yorkshire) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover represents net invoiced sales of goods or services, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

TOPLINE DEVELOPMENTS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 05768315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2022 283,735 165,335 449,070
Additions 24,139 152,753 176,892
Disposals - (70,500 ) (70,500 )
At 31st March 2023 307,874 247,588 555,462
DEPRECIATION
At 1st April 2022 173,458 86,072 259,530
Charge for year 33,606 19,845 53,451
Eliminated on disposal - (14,778 ) (14,778 )
At 31st March 2023 207,064 91,139 298,203
NET BOOK VALUE
At 31st March 2023 100,810 156,449 257,259
At 31st March 2022 110,277 79,263 189,540

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 949,248 961,514
Other debtors - 3,000
Directors' current accounts 157,751 145,000
Corporation tax 19,377 -
VAT 9,058 21,018
Prepayments 5,633 12,277
1,141,067 1,142,809

TOPLINE DEVELOPMENTS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 05768315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 269,109 462,103
Hire purchase contracts 109,935 43,942
Trade creditors 412,539 575,085
Tax - 27,093
Social security and other taxes 16,671 9,359
Other creditors 365,125 680
Accrued expenses 28,885 18,659
1,202,264 1,136,921

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 326,486 412,133
Hire purchase contracts 137,492 25,281
463,978 437,414

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 39,252 36,013

Deferred
tax
£   
Balance at 1st April 2022 36,013
Charge to Statement of Income and Retained Earnings during year 3,239
Accelerated capital allowance
Balance at 31st March 2023 39,252

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

TOPLINE DEVELOPMENTS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 05768315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
Mrs D J Sharp and M Sharp
Balance outstanding at start of year 145,000 (371 )
Amounts advanced 89,351 220,371
Amounts repaid (76,600 ) (75,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 157,751 145,000