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
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
Top Notch Sash Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
8,160
9,877
Cash at bank and in hand
1,003
3,850
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)
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
Top Notch Sash Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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 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.
Expenditure on research and development is written off in the year in which it is incurred.
Top Notch Sash Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
421
15,600
16,021
At 31 October 2023
746
15,600
16,346
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
At 31 October 2023
439
7,721
8,160
At 31 October 2022
226
9,651
9,877
Amounts falling due within one year
Accrued income and prepayments
239
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,000
3,000
Taxes and social security
863
695
Other creditors
1,940
1,694
Loans from directors
178
349
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Creditors: amounts falling due after more than one year
2023
2022
Top Notch Sash Ltd
Notes to the Accounts
for the year ended 31 October 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2022: 2).