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COMPANY REGISTRATION NUMBER: 02475745
TOPLINE LEISURE SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2023
TOPLINE LEISURE SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
1,523
4,189
Current assets
Debtors
6
8,738
2,806
Cash at bank and in hand
94,243
127,165
-----------
-----------
102,981
129,971
Creditors: amounts falling due within one year
7
14,539
26,062
-----------
-----------
Net current assets
88,442
103,909
----------
-----------
Total assets less current liabilities
89,965
108,098
----------
-----------
Capital and reserves
Called up share capital
1,200
1,200
Profit and loss account
88,765
106,898
----------
-----------
Shareholders funds
89,965
108,098
----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
TOPLINE LEISURE SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 9 July 2024 , and are signed on behalf of the board by:
Mr J J Walby
Director
Company registration number: 02475745
TOPLINE LEISURE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7B, Lakeland Business Park, Cockermouth, Cumbria, CA13 0QT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Corporation tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
33% reducing balance
Motor Vehicles
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 November 2022
9,051
11,500
20,551
Disposals
( 4,140)
( 3,500)
( 7,640)
--------
----------
----------
At 31 October 2023
4,911
8,000
12,911
--------
----------
----------
Depreciation
At 1 November 2022
6,522
9,840
16,362
Charge for the year
377
45
422
Disposals
( 3,330)
( 2,066)
( 5,396)
--------
----------
----------
At 31 October 2023
3,569
7,819
11,388
--------
----------
----------
Carrying amount
At 31 October 2023
1,342
181
1,523
--------
----------
----------
At 31 October 2022
2,529
1,660
4,189
--------
----------
----------
6. Debtors
2023
2022
£
£
Trade debtors
3,654
929
Other debtors
5,084
1,877
--------
--------
8,738
2,806
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
6,706
Other creditors
14,539
19,356
----------
----------
14,539
26,062
----------
----------