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COMPANY REGISTRATION NUMBER: 13932736
TOP RAW LEEDS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
27 February 2024
TOP RAW LEEDS LIMITED
STATEMENT OF FINANCIAL POSITION
27 February 2024
27 Feb 24
28 Feb 23
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
31,149
4,958
CURRENT ASSETS
Stocks
5,021
Debtors
6
12,575
9,209
Cash at bank and in hand
9,209
10,290
--------
--------
26,805
19,499
CREDITORS: amounts falling due within one year
7
( 76,788)
( 43,665)
--------
--------
NET CURRENT LIABILITIES
( 49,983)
( 24,166)
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 18,834)
( 19,208)
--------
--------
NET LIABILITIES
( 18,834)
( 19,208)
--------
--------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 18,835)
( 19,209)
--------
--------
SHAREHOLDERS DEFICIT
( 18,834)
( 19,208)
--------
--------
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 comprehensive income has not been delivered.
For the period ending 27 February 2024 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 period 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 .
TOP RAW LEEDS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
27 February 2024
These financial statements were approved by the board of directors and authorised for issue on 24 January 2025 , and are signed on behalf of the board by:
G Downie-Atkins
Director
Company registration number: 13932736
TOP RAW LEEDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 MARCH 2023 TO 27 FEBRUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1-5 Oldfield Lane, Leeds, LS12 1JD, England.
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. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing support.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods supplied, exclusive of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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 and machinery
-
15% reducing balance
Motor vehicles
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 4 (2023: 1 ).
5. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 March 2023
5,833
5,833
Additions
26,250
4,200
30,450
--------
-------
--------
At 27 February 2024
32,083
4,200
36,283
--------
-------
--------
Depreciation
At 1 March 2023
875
875
Charge for the period
3,296
963
4,259
--------
-------
--------
At 27 February 2024
4,171
963
5,134
--------
-------
--------
Carrying amount
At 27 February 2024
27,912
3,237
31,149
--------
-------
--------
At 28 February 2023
4,958
4,958
--------
-------
--------
6. DEBTORS
27 Feb 24
28 Feb 23
£
£
Trade debtors
1,015
1,835
Other debtors
11,560
7,374
--------
-------
12,575
9,209
--------
-------
7. CREDITORS: amounts falling due within one year
27 Feb 24
28 Feb 23
£
£
Trade creditors
18,210
4,869
Social security and other taxes
597
48
Amounts due to related companies
11,100
Other creditors
46,881
38,748
--------
--------
76,788
43,665
--------
--------