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REGISTERED NUMBER: 05597861 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TOP LAWN LIMITED

TOP LAWN LIMITED (REGISTERED NUMBER: 05597861)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOP LAWN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R L Martin





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 05597861 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

TOP LAWN LIMITED (REGISTERED NUMBER: 05597861)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,045 73,403
57,045 73,403

CURRENT ASSETS
Stocks 6 150 150
Debtors 7 12,575 7,733
Cash at bank 1,962 2,625
14,687 10,508
CREDITORS
Amounts falling due within one year 8 30,649 23,112
NET CURRENT LIABILITIES (15,962 ) (12,604 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,083

60,799

CREDITORS
Amounts falling due after more than one
year

9

(29,845

)

(33,276

)

PROVISIONS FOR LIABILITIES 10 (10,839 ) (13,947 )
NET ASSETS 399 13,576

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 299 13,476
SHAREHOLDERS' FUNDS 399 13,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TOP LAWN LIMITED (REGISTERED NUMBER: 05597861)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 28 August 2024 and were signed by:





R L Martin - Director


TOP LAWN LIMITED (REGISTERED NUMBER: 05597861)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Top Lawn 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.

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 2005, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 25% on reducing balance
Furniture,fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

TOP LAWN LIMITED (REGISTERED NUMBER: 05597861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 13,000
AMORTISATION
At 1 April 2023
and 31 March 2024 13,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant & Furniture,fittings Motor Computer
machinery & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 38,822 1,696 83,754 5,698 129,970
Additions - - 28,235 1,387 29,622
Disposals - - (35,226 ) - (35,226 )
At 31 March 2024 38,822 1,696 76,763 7,085 124,366
DEPRECIATION
At 1 April 2023 24,505 1,670 25,267 5,125 56,567
Charge for year 3,579 7 15,075 899 19,560
Eliminated on disposal - - (8,806 ) - (8,806 )
At 31 March 2024 28,084 1,677 31,536 6,024 67,321
NET BOOK VALUE
At 31 March 2024 10,738 19 45,227 1,061 57,045
At 31 March 2023 14,317 26 58,487 573 73,403

TOP LAWN LIMITED (REGISTERED NUMBER: 05597861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 83,754
Additions 28,235
Disposals (35,226 )
At 31 March 2024 76,763
DEPRECIATION
At 1 April 2023 25,267
Charge for year 15,075
Eliminated on disposal (8,806 )
At 31 March 2024 31,536
NET BOOK VALUE
At 31 March 2024 45,227
At 31 March 2023 58,487

6. STOCKS
2024 2023
£    £   
Stocks 150 150

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,163 4,717
Other debtors 100 100
Directors' current accounts 7,265 -
Tax - 1,923
Prepayments 1,047 993
12,575 7,733

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,352 8,026
Trade creditors 3,950 4,242
Tax 2,480 -
PAYE 1,372 468
VAT 1,785 2,058
Other creditors 292 -
Credit card 10,328 6,065
Directors' current accounts - 1,218
Accrued expenses 1,090 1,035
30,649 23,112

TOP LAWN LIMITED (REGISTERED NUMBER: 05597861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 29,845 33,276

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated / decelerated capital allowances 10,839 13,947

Deferred
tax
£   
Balance at 1 April 2023 13,947
Provided during year (3,108 )
Balance at 31 March 2024 10,839

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R L Martin
Balance outstanding at start of year - -
Amounts advanced 7,265 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,265 -

12. ULTIMATE CONTROLLING PARTY

The controlling party is R L Martin.