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REGISTERED NUMBER: 02026371 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

TOPJET LTD

TOPJET LTD (REGISTERED NUMBER: 02026371)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


TOPJET LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S Dann
L L Simmons





SECRETARY: S Dann





REGISTERED OFFICE: 9B Great Northern Works
Hartham Lane
Hertford
Hertfordshire
SG14 1QN





REGISTERED NUMBER: 02026371 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

TOPJET LTD (REGISTERED NUMBER: 02026371)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,869 114,054

CURRENT ASSETS
Stocks 331,056 325,329
Debtors 5 54,609 47,456
Cash at bank and in hand 36,998 43,545
422,663 416,330
CREDITORS
Amounts falling due within one year 6 483,199 389,991
NET CURRENT (LIABILITIES)/ASSETS (60,536 ) 26,339
TOTAL ASSETS LESS CURRENT LIABILITIES 61,333 140,393

PROVISIONS FOR LIABILITIES 8 9,676 20,296
NET ASSETS 51,657 120,097

CAPITAL AND RESERVES
Called up share capital 9 32,000 20,000
Retained earnings 19,657 100,097
SHAREHOLDERS' FUNDS 51,657 120,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

TOPJET LTD (REGISTERED NUMBER: 02026371)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:




L L Simmons - Director



S Dann - Director


TOPJET LTD (REGISTERED NUMBER: 02026371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Topjet Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 9 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2023 186,866 15,545 202,411
Additions 30,757 15,745 46,502
Disposals (6,470 ) - (6,470 )
At 30 June 2024 211,153 31,290 242,443
DEPRECIATION
At 1 July 2023 73,130 15,227 88,357
Charge for year 34,999 3,688 38,687
Eliminated on disposal (6,470 ) - (6,470 )
At 30 June 2024 101,659 18,915 120,574
NET BOOK VALUE
At 30 June 2024 109,494 12,375 121,869
At 30 June 2023 113,736 318 114,054

TOPJET LTD (REGISTERED NUMBER: 02026371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,105 -
Other debtors 31,422 31,422
Tax 7,801 -
Prepayments 14,281 16,034
54,609 47,456

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 113,510 107,842
Amounts owed to associates 313,900 239,700
Taxation and social security 34,204 26,099
Other creditors 21,585 16,350
483,199 389,991

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 89,000 85,500
Between one and five years 308,500 342,000
In more than five years 76,083 107,667
473,583 535,167

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 22,805 20,296
Tax losses carried forward (13,129 ) -
9,676 20,296

Deferred
tax
£   
Balance at 1 July 2023 20,296
Credit to Statement of Income and Retained Earnings during year (10,620 )
Balance at 30 June 2024 9,676

TOPJET LTD (REGISTERED NUMBER: 02026371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20,000 Ordinary Shares £1 20,000 20,000
12,000 Ordinary A shares £1 12,000 -
32,000 20,000

12,000 Ordinary A shares shares of £1 each were allotted and fully paid for cash at par during the year.

10. RELATED PARTY DISCLOSURES

Included in creditors is a loan balance of £313,900 owing to PECG Limited an associated company.

11. ULTIMATE CONTROLLING PARTY

The controlling party is L L Simmons.