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REGISTERED NUMBER: 06133080 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st March 2023

for

Top Toys 2U Ltd

Top Toys 2U Ltd (Registered number: 06133080)






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

Chartered Certified Accountants' Report 8

Top Toys 2U Ltd

Company Information
For The Year Ended 31st March 2023







DIRECTORS: Mrs L M Criddle
G J Criddle





SECRETARY: G J Criddle





REGISTERED OFFICE: Unit 19 Llandough Trading Estate
Penarth Road
Cardiff
CF11 8RR





REGISTERED NUMBER: 06133080 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Top Toys 2U Ltd (Registered number: 06133080)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,680 68,580

CURRENT ASSETS
Stocks 5 495,679 414,771
Debtors 6 10,768 22,368
Cash at bank - 85,334
506,447 522,473
CREDITORS
Amounts falling due within one year 7 463,107 500,553
NET CURRENT ASSETS 43,340 21,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,020

90,500

CREDITORS
Amounts falling due after more than one
year

8

(210,521

)

(42,458

)

PROVISIONS FOR LIABILITIES 10 (10,056 ) (2,671 )
NET ASSETS 3,443 45,371

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 3,343 45,271
SHAREHOLDERS' FUNDS 3,443 45,371

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.

Top Toys 2U Ltd (Registered number: 06133080)

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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 8th February 2024 and were signed on its behalf by:





Mrs L M Criddle - Director


Top Toys 2U Ltd (Registered number: 06133080)

Notes to the Financial Statements
For The Year Ended 31st March 2023

1. STATUTORY INFORMATION

Top Toys 2U Ltd 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
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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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 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 10 (2022 - 13 ) .

Top Toys 2U Ltd (Registered number: 06133080)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2022 7,350 11,708 58,000 18,539 95,597
Additions 7,995 10,917 116,345 6,544 141,801
At 31st March 2023 15,345 22,625 174,345 25,083 237,398
DEPRECIATION
At 1st April 2022 4,403 5,684 6,634 10,296 27,017
Charge for year 935 2,603 22,537 3,626 29,701
At 31st March 2023 5,338 8,287 29,171 13,922 56,718
NET BOOK VALUE
At 31st March 2023 10,007 14,338 145,174 11,161 180,680
At 31st March 2022 2,947 6,024 51,366 8,243 68,580

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 495,679 414,771

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 10,768 22,368

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 9) 32,822 -
Other loans (see note 9) 164,861 242,575
Trade creditors 155,190 106,318
Tax 9,949 49,245
Social security and other taxes 14,626 5,173
VAT 58,765 16,118
Directors' current accounts 1,133 63,408
Accrued expenses 25,761 17,716
463,107 500,553

Top Toys 2U Ltd (Registered number: 06133080)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 92,457 42,458
Hire purchase contracts 118,064 -
210,521 42,458

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 32,822 -
Other loans 164,861 242,575
197,683 242,575

Amounts falling due between one and two years:
Bank loans - 1-2 years 48,172 40,363

Amounts falling due between two and five years:
Bank loans - 2-5 years 44,285 2,095

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 10,056 2,671

Deferred
tax
£   
Balance at 1st April 2022 2,671
Charge to Income Statement during year 7,385
Balance at 31st March 2023 10,056

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

Top Toys 2U Ltd (Registered number: 06133080)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

12. RESERVES
Retained
earnings
£   

At 1st April 2022 45,271
Deficit for the year (11,928 )
Dividends (30,000 )
At 31st March 2023 3,343

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Top Toys 2U Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Top Toys 2U Ltd for the year ended 31st March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Top Toys 2U Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Top Toys 2U Ltd and state those matters that we have agreed to state to the Board of Directors of Top Toys 2U Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Top Toys 2U Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Top Toys 2U Ltd. You consider that Top Toys 2U 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 financial statements of Top Toys 2U 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 financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


8th February 2024