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REGISTERED NUMBER: 05816948 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TOPGRASS (UK) LIMITED

TOPGRASS (UK) LIMITED (REGISTERED NUMBER: 05816948)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOPGRASS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T B Arnold
S A Arnold
K S Arnold





SECRETARY: T B Arnold





REGISTERED OFFICE: Camps Grange
Hoe Lane
Nazeing
Essex
EN9 2RG





REGISTERED NUMBER: 05816948 (England and Wales)





ACCOUNTANTS: Richard Whiting & Co.
6 Hammarsfield Close
Standon
Ware
Hertfordshire
SG11 1PG

TOPGRASS (UK) LIMITED (REGISTERED NUMBER: 05816948)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,543 2,653
Tangible assets 5 255,473 165,536
281,016 168,189

CURRENT ASSETS
Stocks 28,623 33,398
Debtors 6 44,774 43,926
Cash at bank 219,658 214,841
293,055 292,165
CREDITORS
Amounts falling due within one year 7 330,250 231,947
NET CURRENT (LIABILITIES)/ASSETS (37,195 ) 60,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,821

228,407

CREDITORS
Amounts falling due after more than one
year

8

(19,167

)

(29,167

)

PROVISIONS FOR LIABILITIES 9 (46,299 ) (30,230 )
NET ASSETS 178,355 169,010

CAPITAL AND RESERVES
Called up share capital 174 174
Retained earnings 178,181 168,836
SHAREHOLDERS' FUNDS 178,355 169,010

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

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

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 19 March 2024 and were signed on its behalf by:



T B Arnold - Director


TOPGRASS (UK) LIMITED (REGISTERED NUMBER: 05816948)

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

1. STATUTORY INFORMATION

Topgrass (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost, 25% on cost and 20% on cost

Stocks
Stocks 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 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 30 ) .

TOPGRASS (UK) LIMITED (REGISTERED NUMBER: 05816948)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 66,458
Additions 25,760
At 31 December 2023 92,218
AMORTISATION
At 1 January 2023 63,805
Amortisation for year 2,870
At 31 December 2023 66,675
NET BOOK VALUE
At 31 December 2023 25,543
At 31 December 2022 2,653

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 129,119 27,103 310,471 19,514 486,207
Additions 12,420 285 182,327 465 195,497
Disposals (3,680 ) - (84,403 ) - (88,083 )
At 31 December 2023 137,859 27,388 408,395 19,979 593,621
DEPRECIATION
At 1 January 2023 105,476 26,164 171,877 17,154 320,671
Charge for year 20,600 318 81,679 1,430 104,027
Eliminated on disposal (3,680 ) - (82,870 ) - (86,550 )
At 31 December 2023 122,396 26,482 170,686 18,584 338,148
NET BOOK VALUE
At 31 December 2023 15,463 906 237,709 1,395 255,473
At 31 December 2022 23,643 939 138,594 2,360 165,536

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 40,853 40,708
Other debtors 3,921 3,218
44,774 43,926

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 23,203 26,141
Taxation and social security 105,799 112,909
Other creditors 191,248 82,897
330,250 231,947

TOPGRASS (UK) LIMITED (REGISTERED NUMBER: 05816948)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 19,167 29,167

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 46,299 30,230

Deferred
tax
£   
Balance at 1 January 2023 30,230
Charge to Income Statement during year 16,069
Balance at 31 December 2023 46,299