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REGISTERED NUMBER: 10602819 (England and Wales)


















Topland Construction Ltd

Unaudited Financial Statements

for the Year Ended 29 February 2024






Topland Construction Ltd (Registered number: 10602819)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Topland Construction Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr C B Mills
Mr A J Leddy





REGISTERED OFFICE: 1 Cleveland Road
Swindon
Wiltshire
SN5 5EJ





REGISTERED NUMBER: 10602819 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Topland Construction Ltd (Registered number: 10602819)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 706,877 846,609

CURRENT ASSETS
Debtors 5 112,823 129,983
Cash at bank 37,310 45,013
150,133 174,996
CREDITORS
Amounts falling due within one year 6 (303,302 ) (316,003 )
NET CURRENT LIABILITIES (153,169 ) (141,007 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,708

705,602

CREDITORS
Amounts falling due after more than one
year

7

(363,106

)

(445,268

)
NET ASSETS 190,602 260,334

CAPITAL AND RESERVES
Called up share capital 10 50 50
Retained earnings 190,552 260,284
SHAREHOLDERS' FUNDS 190,602 260,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Topland Construction Ltd (Registered number: 10602819)

Balance Sheet - continued
29 February 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 30 January 2025 and were signed on its behalf by:




Mr C B Mills - Director



Mr A J Leddy - Director


Topland Construction Ltd (Registered number: 10602819)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Topland Construction 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.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Topland Construction Ltd (Registered number: 10602819)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2023 1,443,741 1,228 1,444,969
Additions 207,035 - 207,035
Disposals (54,100 ) - (54,100 )
At 29 February 2024 1,596,676 1,228 1,597,904
DEPRECIATION
At 1 March 2023 597,315 1,045 598,360
Charge for year 310,728 179 310,907
Eliminated on disposal (18,240 ) - (18,240 )
At 29 February 2024 889,803 1,224 891,027
NET BOOK VALUE
At 29 February 2024 706,873 4 706,877
At 28 February 2023 846,426 183 846,609

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,997 76,079
Other debtors 71,826 53,904
112,823 129,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,710 10,457
Hire purchase contracts (see note 8) 280,229 279,688
Trade creditors 2,750 16,526
Taxation and social security 7,259 729
Other creditors 2,354 8,603
303,302 316,003

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,624 22,876
Hire purchase contracts (see note 8) 350,482 422,392
363,106 445,268

Topland Construction Ltd (Registered number: 10602819)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 322,723 323,689
Between one and five years 413,667 492,060
736,390 815,749

Finance charges repayable:
Within one year 42,494 44,001
Between one and five years 63,185 69,668
105,679 113,669

Net obligations repayable:
Within one year 280,229 279,688
Between one and five years 350,482 422,392
630,711 702,080

Non-cancellable operating leases
2024 2023
£    £   
Within one year 5,097 9,815
Between one and five years - 6,568
5,097 16,383

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 630,711 702,080

The Hire Purchase balance is secured against the assets to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £0.50 50 50

Topland Construction Ltd (Registered number: 10602819)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr C B Mills
Balance outstanding at start of year 804 -
Amounts advanced - 804
Amounts repaid (804 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 804