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Company Registration No. 03498813 (England and Wales)
Topfloor UK Ltd Unaudited accounts for the year ended 31 March 2023
Topfloor UK Ltd Unaudited accounts Contents
Page
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Topfloor UK Ltd Company Information for the year ended 31 March 2023
Directors
Russell Thomas Barnes Esti Barnes
Secretary
Russell Thomas Barnes
Company Number
03498813 (England and Wales)
Registered Office
Unit 2/6 Design Centre Chelsea Harbour London SW10 0XE United Kingdom
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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Topfloor UK Ltd Accountants' report
Accountants' report to the board of directors of Topfloor UK Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Topfloor UK Ltd for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Topfloor UK Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Topfloor UK Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Topfloor UK Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Topfloor UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Topfloor UK Ltd. You consider that Topfloor UK Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Topfloor UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 12 July 2023
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Topfloor UK Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,857 
2,476 
Current assets
Debtors
13,620 
(461)
Cash at bank and in hand
332,945 
452,466 
346,565 
452,005 
Creditors: amounts falling due within one year
(220,180)
(309,894)
Net current assets
126,385 
142,111 
Total assets less current liabilities
128,242 
144,587 
Creditors: amounts falling due after more than one year
(35,737)
(42,691)
Provisions for liabilities
Deferred tax
(353)
(770)
Net assets
92,152 
101,126 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
92,052 
101,026 
Shareholders' funds
92,152 
101,126 
For the year ending 31 March 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 19 October 2023 and were signed on its behalf by
Russell Thomas Barnes Director Company Registration No. 03498813
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Topfloor UK Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Topfloor UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 03498813. The registered office is Unit 2/6 Design Centre, Chelsea Harbour, London, SW10 0XE, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Topfloor UK Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
7,389 
129,889 
137,278 
At 31 March 2023
7,389 
129,889 
137,278 
Depreciation
At 1 April 2022
7,318 
127,484 
134,802 
Charge for the year
18 
601 
619 
At 31 March 2023
7,336 
128,085 
135,421 
Net book value
At 31 March 2023
53 
1,804 
1,857 
At 31 March 2022
71 
2,405 
2,476 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
13,405 
- 
Other debtors
215 
(461)
13,620 
(461)
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,956 
5,957 
VAT
6,953 
9,679 
Trade creditors
6,033 
33,808 
Taxes and social security
14,986 
13,187 
Loans from directors
1,039 
- 
Deferred income
184,213 
247,263 
220,180 
309,894 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,737 
42,691 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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