Company Registration No. 14387175 (England and Wales)
Top Glory (London) Ltd
Unaudited accounts
for the period from 11 January 2023 to 30 September 2023
Top Glory (London) Ltd
Unaudited accounts
Contents
Top Glory (London) Ltd
Company Information
for the period from 11 January 2023 to 30 September 2023
Directors
Ruyuan Xu
Jun Hao
Yunnu Chen
Company Number
14387175 (England and Wales)
Registered Office
9 St. Clare Street
London
EC3N 1LQ
England
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Top Glory (London) Ltd
Statement of financial position
as at 30 September 2023
Called up share capital not paid
1,000
Cash at bank and in hand
240,223
Creditors: amounts falling due within one year
(375,254)
Called up share capital
2,000
Profit and loss account
56,876
Shareholders' funds
58,876
For the period ending 30 September 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 9 August 2024 and were signed on its behalf by
Ruyuan Xu
Director
Company Registration No. 14387175
Top Glory (London) Ltd
Notes to the Accounts
for the period from 11 January 2023 to 30 September 2023
Top Glory (London) Ltd is a private company, limited by shares, registered in England and Wales, registration number 14387175. The registered office is 9 St. Clare Street, London, EC3N 1LQ, England.
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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 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.
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:
Computer equipment
20% on 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Top Glory (London) Ltd
Notes to the Accounts
for the period from 11 January 2023 to 30 September 2023
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Tangible fixed assets
Computer equipment
At 30 September 2023
1,200
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
16,466
Loans from directors
2,112
Allotted, called up and fully paid:
2 Ordinary shares of £1,000 each
2,000
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Average number of employees
During the period the average number of employees was 3.