Topcon Building Limited 09540672 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of construction, building and maintenance services for private and public sectors Digita Accounts Production Advanced 6.30.9574.0 true true 09540672 2023-01-01 2023-12-31 09540672 2023-12-31 09540672 core:CurrentFinancialInstruments 2023-12-31 09540672 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09540672 core:FurnitureFittingsToolsEquipment 2023-12-31 09540672 core:MotorVehicles 2023-12-31 09540672 bus:SmallEntities 2023-01-01 2023-12-31 09540672 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09540672 bus:FullAccounts 2023-01-01 2023-12-31 09540672 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09540672 bus:RegisteredOffice 2023-01-01 2023-12-31 09540672 bus:Director1 2023-01-01 2023-12-31 09540672 bus:Director6 2023-01-01 2023-12-31 09540672 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09540672 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 09540672 core:MotorVehicles 2023-01-01 2023-12-31 09540672 core:OfficeEquipment 2023-01-01 2023-12-31 09540672 1 2023-01-01 2023-12-31 09540672 countries:EnglandWales 2023-01-01 2023-12-31 09540672 2022-12-31 09540672 core:FurnitureFittingsToolsEquipment 2022-12-31 09540672 core:MotorVehicles 2022-12-31 09540672 2022-01-01 2022-12-31 09540672 2022-12-31 09540672 core:CurrentFinancialInstruments 2022-12-31 09540672 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09540672 core:FurnitureFittingsToolsEquipment 2022-12-31 09540672 core:MotorVehicles 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 09540672

Topcon Building Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Topcon Building Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Topcon Building Limited

(Registration number: 09540672)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

51,063

58,055

Current assets

 

Stocks

5

150,000

537,695

Debtors

6

3,251,343

2,615,850

Cash at bank and in hand

 

1,221,824

678,223

 

4,623,167

3,831,768

Creditors: Amounts falling due within one year

7

(2,131,273)

(1,503,792)

Net current assets

 

2,491,894

2,327,976

Total assets less current liabilities

 

2,542,957

2,386,031

Provisions for liabilities

(8,841)

(7,393)

Net assets

 

2,534,116

2,378,638

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,534,016

2,378,538

Shareholders' funds

 

2,534,116

2,378,638

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 April 2024 and signed on its behalf by:
 

.........................................
Mr Rory Mark Rendall-Tyrrell
Director

.........................................
Mr Robbie Brentnall
Director

 

Topcon Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
35 Louth Road
Scartho
Grimsby
North East Lincs
DN33 2HP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling to the nearest whole pound.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by section 398 of Companies Act 2006 and has not prepared group accounts..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Topcon Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Straight line

Furniture,Fittings and Equipment

33% Sraight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 15 (2022 - 15).

 

Topcon Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

10,891

72,965

83,856

Additions

2,724

-

2,724

At 31 December 2023

13,615

72,965

86,580

Depreciation

At 1 January 2023

5,824

19,977

25,801

Charge for the year

3,768

5,948

9,716

At 31 December 2023

9,592

25,925

35,517

Carrying amount

At 31 December 2023

4,023

47,040

51,063

At 31 December 2022

5,067

52,988

58,055

5

Stocks

2023
£

2022
£

Work in progress

150,000

537,695

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

849,631

497,583

Amounts owed by related parties

19,009

-

Other debtors

 

2,382,703

2,118,267

   

3,251,343

2,615,850

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,642,091

1,091,369

Taxation and social security

336,576

288,188

Accruals and deferred income

57,115

5,000

Other creditors

95,491

119,235

2,131,273

1,503,792

 

Topcon Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

8

Parent and ultimate parent undertaking

The Company's immediate parent is Topcon Buildings Holdings Limited, incorporated in United Kingdom.