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REGISTERED NUMBER: 02834131 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

TOPMODE CONSULTANTS LIMITED

TOPMODE CONSULTANTS LIMITED (REGISTERED NUMBER: 02834131)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TOPMODE CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs L Khanna
Mr V Khanna
Mr J Khanna





REGISTERED OFFICE: Unit 16
Aylsham Industrial Estate
Aylsham
Norfolk
NR11 6SS





REGISTERED NUMBER: 02834131 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

TOPMODE CONSULTANTS LIMITED (REGISTERED NUMBER: 02834131)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,015 3,574

CURRENT ASSETS
Inventories 35,624 33,683
Debtors 5 157,973 78,969
Cash at bank 106,059 194,716
299,656 307,368
CREDITORS
Amounts falling due within one year 6 214,089 131,793
NET CURRENT ASSETS 85,567 175,575
TOTAL ASSETS LESS CURRENT LIABILITIES 90,582 179,149

CREDITORS
Amounts falling due after more than one
year

7

(78,479

)

(116,909

)

PROVISIONS FOR LIABILITIES (1,254 ) (894 )
NET ASSETS 10,849 61,346

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 10,749 61,246
SHAREHOLDERS' FUNDS 10,849 61,346

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

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

TOPMODE CONSULTANTS LIMITED (REGISTERED NUMBER: 02834131)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 12 April 2024 and were signed on its behalf by:





Mr V Khanna - Director


TOPMODE CONSULTANTS LIMITED (REGISTERED NUMBER: 02834131)

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

1. STATUTORY INFORMATION

Topmode Consultants 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.

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
Revenue 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 reducing balance
Computer equipment - 33% on cost

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

TOPMODE CONSULTANTS LIMITED (REGISTERED NUMBER: 02834131)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 - 3,116 7,360 10,476
Additions 2,844 205 - 3,049
At 31 July 2023 2,844 3,321 7,360 13,525
DEPRECIATION
At 1 August 2022 - 1,334 5,568 6,902
Charge for year 59 450 1,099 1,608
At 31 July 2023 59 1,784 6,667 8,510
NET BOOK VALUE
At 31 July 2023 2,785 1,537 693 5,015
At 31 July 2022 - 1,782 1,792 3,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,358 47,325
Other debtors 102,708 450
Directors' current accounts - 28,315
Prepayments 2,907 2,879
157,973 78,969

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 38,430 88,974
Trade creditors 59,785 8,914
Corporation tax 20,107 16,144
Net wages 1,409 -
VAT 10,942 16,885
Other creditors 58,765 739
Directors' current accounts 24,405 -
Accruals and deferred income 246 137
214,089 131,793

TOPMODE CONSULTANTS LIMITED (REGISTERED NUMBER: 02834131)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 40,139 38,430
Bank loans - 2-5 years 38,340 78,479
78,479 116,909

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Included within "Other debtors" is a loan owed from Cuckoo Ventures Ltd to Topmode Consultants Ltd amounting to £101,668. Cuckoo Ventures Ltd is a company that is under the same ownership and control as Topmode Consultants Ltd.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr V Khanna.