2023-05-01 06846866 2024-04-30 06846866 2023-05-01 2024-04-30 06846866 2023-04-30 06846866 2022-05-01 2023-04-30 06846866 uk-core:WithinOneYear 2023-04-30 06846866 uk-core:WithinOneYear 2024-04-30 06846866 uk-core:ShareCapital 2024-04-30 06846866 uk-core:ShareCapital 2023-04-30 06846866 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 06846866 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 06846866 uk-bus:Director1 2023-05-01 2024-04-30 06846866 uk-core:ComputerEquipment 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure 06846866 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06846866 uk-bus:FRS102 2023-05-01 2024-04-30 06846866 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 06846866 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Topaz Solutions Limited
Registered Number:06846866
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Topaz Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06846866
As at 30 April 2024
Topaz Solutions Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
116
116
2
116
116
Current assets
Trade and other receivables
46,030
89,870
3
77,449
Cash and cash equivalents
46,880
136,750
123,479
Trade and other payables: amounts falling due within one
year
(61,459)
(55,751)
4
62,020
80,999
Net current assets
Total assets less current liabilities
81,115
62,136
81,115
Net assets
62,136
Capital and reserves
Called up share capital
100
100
Retained earnings
81,015
62,036
81,115
62,136
Shareholders' funds
For the year ended 30 April 2024 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Vanessa Graham Director
These financial statements were approved and authorised for issue by the Board on 31 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
Topaz Solutions Limited
Notes to the Financial Statements
Statutory Information
Topaz Solutions Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06846866.
Registered address:
5 Giffard Court
Millbrook Close
Northampton
NN5 5JF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of
certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives.
50% Straight line
Computer Equipment
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5
For the year ended 30 April 2024
Topaz Solutions Limited
Notes to the Financial Statements Continued
Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other
Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in
the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an
intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price
including transaction costs and are subsequently carried at amortised cost using the effective interest method unless
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are
not amortised.
Classification of Financial Liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company
after deducting all of its liabilities.
Basic Financial Liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares
that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade
creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method.
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 May 2023
5,386
At 30 April 2024
5,386
Provision for depreciation and impairment
At 01 May 2023
5,270
At 30 April 2024
5,270
At 30 April 2024
Net book value
116
At 30 April 2023
116
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6
For the year ended 30 April 2024
Topaz Solutions Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
88,489
44,433
Other debtors
1,381
1,597
46,030
89,870
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
29
743
Taxation and social security
39,264
25,739
Other creditors
16,458
34,977
55,751
61,459
5. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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