IRIS Accounts Production v24.3.0.553 03019873 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030198732023-03-31030198732024-03-31030198732023-04-012024-03-31030198732022-03-31030198732022-04-012023-03-31030198732023-03-3103019873ns15:EnglandWales2023-04-012024-03-3103019873ns14:PoundSterling2023-04-012024-03-3103019873ns10:Director12023-04-012024-03-3103019873ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103019873ns10:SmallEntities2023-04-012024-03-3103019873ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103019873ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103019873ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103019873ns10:FullAccounts2023-04-012024-03-3103019873ns10:Director32023-04-012024-03-3103019873ns10:Director42023-04-012024-03-3103019873ns10:RegisteredOffice2023-04-012024-03-3103019873ns5:CurrentFinancialInstruments2024-03-3103019873ns5:CurrentFinancialInstruments2023-03-3103019873ns5:Non-currentFinancialInstruments2024-03-3103019873ns5:Non-currentFinancialInstruments2023-03-3103019873ns5:ShareCapital2024-03-3103019873ns5:ShareCapital2023-03-3103019873ns5:RetainedEarningsAccumulatedLosses2024-03-3103019873ns5:RetainedEarningsAccumulatedLosses2023-03-3103019873ns5:PlantMachinery2023-04-012024-03-3103019873ns5:FurnitureFittings2023-04-012024-03-3103019873ns5:MotorVehicles2023-04-012024-03-3103019873ns5:ComputerEquipment2023-04-012024-03-3103019873ns5:PlantMachinery2023-03-3103019873ns5:FurnitureFittings2023-03-3103019873ns5:MotorVehicles2023-03-3103019873ns5:ComputerEquipment2023-03-3103019873ns5:PlantMachinery2024-03-3103019873ns5:FurnitureFittings2024-03-3103019873ns5:MotorVehicles2024-03-3103019873ns5:ComputerEquipment2024-03-3103019873ns5:PlantMachinery2023-03-3103019873ns5:FurnitureFittings2023-03-3103019873ns5:MotorVehicles2023-03-3103019873ns5:ComputerEquipment2023-03-3103019873ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103019873ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103019873ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3103019873ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3103019873ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3103019873ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31
REGISTERED NUMBER: 03019873 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TOPFIT HEALTH PRODUCTS LIMITED

TOPFIT HEALTH PRODUCTS LIMITED (REGISTERED NUMBER: 03019873)






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


TOPFIT HEALTH PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs A D Willmott
N J Rowland





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 03019873 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

TOPFIT HEALTH PRODUCTS LIMITED (REGISTERED NUMBER: 03019873)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,290 114,624

CURRENT ASSETS
Stocks 323,459 409,768
Debtors 5 330,659 217,124
Cash at bank 104,166 50,683
758,284 677,575
CREDITORS
Amounts falling due within one year 6 680,508 708,627
NET CURRENT ASSETS/(LIABILITIES) 77,776 (31,052 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,066

83,572

CREDITORS
Amounts falling due after more than one
year

7

(13,270

)

(23,208

)

PROVISIONS FOR LIABILITIES (2,416 ) (172 )
NET ASSETS 135,380 60,192

CAPITAL AND RESERVES
Called up share capital 10,200 10,200
Retained earnings 125,180 49,992
SHAREHOLDERS' FUNDS 135,380 60,192

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 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.

TOPFIT HEALTH PRODUCTS LIMITED (REGISTERED NUMBER: 03019873)

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 Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





Mrs A D Willmott - Director


TOPFIT HEALTH PRODUCTS LIMITED (REGISTERED NUMBER: 03019873)

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

1. STATUTORY INFORMATION

Topfit Health Products 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.

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 - 25% on cost
Fixtures and fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on cost
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TOPFIT HEALTH PRODUCTS LIMITED (REGISTERED NUMBER: 03019873)

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

2. ACCOUNTING POLICIES - continued

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 16 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 333,627 85,632 46,328 10,333 475,920
Additions 7,323 704 - 624 8,651
At 31 March 2024 340,950 86,336 46,328 10,957 484,571
DEPRECIATION
At 1 April 2023 271,404 69,123 11,582 9,187 361,296
Charge for year 29,826 7,577 11,582 1,000 49,985
At 31 March 2024 301,230 76,700 23,164 10,187 411,281
NET BOOK VALUE
At 31 March 2024 39,720 9,636 23,164 770 73,290
At 31 March 2023 62,223 16,509 34,746 1,146 114,624

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 67,415 35,287
Other debtors 237,239 156,871
Prepayments 26,005 24,966
330,659 217,124

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 44,924 50,148
Tax 2,286 -
Social security and other taxes 5,708 7,176
VAT 39,770 30,519
Other creditors 575,920 590,604
Directors' current accounts - 18,280
Accrued expenses 1,900 1,900
680,508 708,627

TOPFIT HEALTH PRODUCTS LIMITED (REGISTERED NUMBER: 03019873)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 3,270 13,208
13,270 23,208

8. RELATED PARTY DISCLOSURES

Health 4 All Ltd, Whitehill Labs Ltd and Ianna Properties Ltd are company's in which the Directors, N Rowland & A Wilmott, are also Directors and shareholders.

Included in Other Creditors, is a balance of £564,038 (2023:£564,038) owed to Health 4 All Ltd
Included in Other Debtors, is a balance of £120,231 (2023: £50,000) owed from Ianna Properties Ltd, a balance of £86,000 (2023: £NIL) owed from Health 4 All Ltd and a balance of £11,000 (2023: £3,500) owed from Whitehill Labs Ltd.

9. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party of the company are the shareholders, Alison Willmott and Nigel Rowland.