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REGISTERED NUMBER: SC227097 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Topmark Adjusters Limited

Topmark Adjusters Limited (Registered number: SC227097)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Topmark Adjusters Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: D Bradshaw



REGISTERED OFFICE: 9 Blairtummock Place
Panorama Business Village
Old Queenslie Industrial Estate
Glasgow
G33 4EN



REGISTERED NUMBER: SC227097 (Scotland)



ACCOUNTANTS: Peter Deans Chartered Accountants
42 Stirling Street
Denny
Stirlingshire
FK6 6DJ



BANKERS: Bank of Scotland
8 Lochside Avenue
Edinburgh
EH12 9DJ

Topmark Adjusters Limited (Registered number: SC227097)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,613 4,072

CURRENT ASSETS
Stocks 14,719 16,749
Debtors 5 72,763 36,644
Cash at bank 302,854 310,792
390,336 364,185
CREDITORS
Amounts falling due within one year 6 84,080 103,093
NET CURRENT ASSETS 306,256 261,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,869

265,164

CREDITORS
Amounts falling due after more than one year 7 (20,000 ) (30,000 )

PROVISIONS FOR LIABILITIES (557 ) (562 )
NET ASSETS 289,312 234,602

CAPITAL AND RESERVES
Called up share capital 110 110
Capital redemption reserve 90 90
Retained earnings 289,112 234,402
SHAREHOLDERS' FUNDS 289,312 234,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 14 March 2024 and were signed by:



D Bradshaw - Director


Topmark Adjusters Limited (Registered number: SC227097)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Topmark Adjusters Limited is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of goods and services provided during the year, excluding 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.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Topmark Adjusters Limited (Registered number: SC227097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2022 14,103 37,110 51,213
Additions 354 508 862
At 30 June 2023 14,457 37,618 52,075
DEPRECIATION
At 1 July 2022 13,843 33,298 47,141
Charge for year 39 1,282 1,321
At 30 June 2023 13,882 34,580 48,462
NET BOOK VALUE
At 30 June 2023 575 3,038 3,613
At 30 June 2022 260 3,812 4,072

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 59,661 24,019
Other debtors 13,102 12,625
72,763 36,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,349 9,440
Taxation and social security 52,375 39,511
Other creditors 13,356 44,142
84,080 103,093

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 20,000 30,000

8. RELATED PARTY DISCLOSURES

At the balance sheet date the outstanding balance from Claims Equilibrium Club Limited was £7,620 (2022:£7,620). R J Topping is also a director of Claims Equilibrium Club Limited.

Loss adjusting fees, disbursements and other charges of £24,000 (2022:£18,000) were charged from Topmark Adjusters Limited to Claims Equilibrium Club Limited.

Loss adjusting fees, disbursements and other charges of £15,000 (2022:£21,953) were charged to Topmark Adjusters Limited from RALTT Limited. R J Topping is also a director of RALTT Limited.

The shares were purchased by TMA Glasgow Limited during the year ended 2020. Dividends of £15,000 (2022:£55,000) were paid in the year. The directors are also directors and shareholders of TMA Glasgow Limited.

Topmark Adjusters Limited (Registered number: SC227097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. ULTIMATE CONTROLLING PARTY

TMA Glasgow Limited.