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REGISTERED NUMBER: 03019873 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

TOPFIT HEALTH PRODUCTS LIMITED

TOPFIT HEALTH PRODUCTS LIMITED (REGISTERED NUMBER: 03019873)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOPFIT HEALTH PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs A D Willmott
N J Rowland





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 03019873 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

TOPFIT HEALTH PRODUCTS LIMITED (REGISTERED NUMBER: 03019873)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,624 131,551

CURRENT ASSETS
Stocks 409,768 253,738
Debtors 5 217,124 178,406
Cash at bank 50,683 33,817
677,575 465,961
CREDITORS
Amounts falling due within one year 6 708,627 398,876
NET CURRENT (LIABILITIES)/ASSETS (31,052 ) 67,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,572

198,636

CREDITORS
Amounts falling due after more than one
year

7

(23,208

)

(32,902

)

PROVISIONS FOR LIABILITIES (172 ) (24,417 )
NET ASSETS 60,192 141,317

CAPITAL AND RESERVES
Called up share capital 10,200 10,200
Retained earnings 49,992 131,117
SHAREHOLDERS' FUNDS 60,192 141,317

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

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

TOPFIT HEALTH PRODUCTS LIMITED (REGISTERED NUMBER: 03019873)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





Mrs A D Willmott - Director


TOPFIT HEALTH PRODUCTS LIMITED (REGISTERED NUMBER: 03019873)

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

1. STATUTORY INFORMATION

Topfit Health Products 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 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.

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.

TOPFIT HEALTH PRODUCTS LIMITED (REGISTERED NUMBER: 03019873)

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

2. ACCOUNTING POLICIES - continued

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 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 312,786 84,603 - 9,331 406,720
Additions 28,457 1,029 46,328 1,002 76,816
Disposals (7,616 ) - - - (7,616 )
At 31 March 2023 333,627 85,632 46,328 10,333 475,920
DEPRECIATION
At 1 April 2022 215,281 54,112 - 5,776 275,169
Charge for year 58,640 15,011 11,582 3,411 88,644
Eliminated on disposal (2,517 ) - - - (2,517 )
At 31 March 2023 271,404 69,123 11,582 9,187 361,296
NET BOOK VALUE
At 31 March 2023 62,223 16,509 34,746 1,146 114,624
At 31 March 2022 97,505 30,491 - 3,555 131,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 35,287 1,840
Other debtors 156,871 154,621
Prepayments 24,966 21,945
217,124 178,406

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 50,148 53,864
Tax - 6,178
Social security and other taxes 7,176 9,110
VAT 30,519 20,109
Other creditors 590,604 296,915
Directors' current accounts 18,280 -
Accrued expenses 1,900 2,700
708,627 398,876

TOPFIT HEALTH PRODUCTS LIMITED (REGISTERED NUMBER: 03019873)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 13,208 22,902
23,208 32,902

8. RELATED PARTY DISCLOSURES

Health 4 All Ltd, Whitehill Labs Ltd and Ianna Properties Ltd are company's in which the Directors, N Rowland & A Wilmott, are also Directors and shareholders.

Included in Other Creditors, is a balance of £564,038 (2022:£279,038) owed to Health 4 All Ltd
Included in Other Debtors, is a balance of £50,000 (2022: £35,000) owed from Ianna Properties Ltd and a balance of £3,500 (2022: £10,000) owed from Whitehill Labs Ltd.

9. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party of the company are the shareholders, Alison Willmott and Nigel Rowland.