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Company Registration No. 08723182 (England and Wales)
Top Notch Sash Ltd Unaudited accounts for the year ended 31 October 2023
Top Notch Sash Ltd Unaudited accounts Contents
Page
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Top Notch Sash Ltd Company Information for the year ended 31 October 2023
Directors
Mr J C Davis Miss S Rothwell
Company Number
08723182 (England and Wales)
Registered Office
2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Top Notch Sash Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,160 
9,877 
Current assets
Inventories
8,000 
- 
Debtors
239 
30,243 
Cash at bank and in hand
1,003 
3,850 
9,242 
34,093 
Creditors: amounts falling due within one year
(5,981)
(6,495)
Net current assets
3,261 
27,598 
Total assets less current liabilities
11,421 
37,475 
Creditors: amounts falling due after more than one year
(5,000)
(8,000)
Provisions for liabilities
Deferred tax
(1,551)
(1,877)
Net assets
4,870 
27,598 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,770 
27,498 
Shareholders' funds
4,870 
27,598 
For the year ending 31 October 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 13 February 2024 and were signed on its behalf by
Mr J C Davis Director Company Registration No. 08723182
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Top Notch Sash Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Top Notch Sash Ltd is a private company, limited by shares, registered in England and Wales, registration number 08723182. The registered office is 2 Exeter Street, New Village Road, Cottingham, East Yorkshire, HU16 4LU, 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% cost
Motor vehicles
20% wdv
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Top Notch Sash Ltd Notes to the Accounts for the year ended 31 October 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
421 
15,600 
16,021 
Additions
325 
- 
325 
At 31 October 2023
746 
15,600 
16,346 
Depreciation
At 1 November 2022
195 
5,949 
6,144 
Charge for the year
112 
1,930 
2,042 
At 31 October 2023
307 
7,879 
8,186 
Net book value
At 31 October 2023
439 
7,721 
8,160 
At 31 October 2022
226 
9,651 
9,877 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
30,080 
Accrued income and prepayments
239 
- 
Other debtors
- 
163 
239 
30,243 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
VAT
- 
757 
Taxes and social security
863 
695 
Other creditors
1,940 
1,694 
Loans from directors
178 
349 
5,981 
6,495 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,000 
8,000 
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Top Notch Sash Ltd Notes to the Accounts for the year ended 31 October 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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