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REGISTERED NUMBER: 04795724 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

TOPFLOOR CONTRACTS LIMITED

TOPFLOOR CONTRACTS LIMITED (REGISTERED NUMBER: 04795724)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOPFLOOR CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 June 2024







DIRECTOR: D B Morris





REGISTERED OFFICE: 1-2 Wilan House Chalet Hill
Bordon
Hampshire
GU35 0BQ





REGISTERED NUMBER: 04795724 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

TOPFLOOR CONTRACTS LIMITED (REGISTERED NUMBER: 04795724)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,262 28,037

CURRENT ASSETS
Stocks 29,971 32,665
Debtors 5 54,748 53,291
Cash at bank and in hand 70,962 60,163
155,681 146,119
CREDITORS
Amounts falling due within one year 6 118,421 105,243
NET CURRENT ASSETS 37,260 40,876
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,522

68,913

CREDITORS
Amounts falling due after more than one year 7 (9,167 ) (19,167 )

PROVISIONS FOR LIABILITIES (3,800 ) (3,051 )
NET ASSETS 55,555 46,695

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Capital redemption reserve 8,500 8,500
Retained earnings 45,555 36,695
SHAREHOLDERS' FUNDS 55,555 46,695

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 director acknowledges his 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.

TOPFLOOR CONTRACTS LIMITED (REGISTERED NUMBER: 04795724)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2025 and were signed by:





D B Morris - Director


TOPFLOOR CONTRACTS LIMITED (REGISTERED NUMBER: 04795724)

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


1. STATUTORY INFORMATION

Topfloor Contracts 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.

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.

Turnover represents supply and fitting of flooring products excluding value added tax Customer deposits received in the year for supply after the year-end is regarded as prepaid income.

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 and 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


TOPFLOOR CONTRACTS LIMITED (REGISTERED NUMBER: 04795724)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 12,573 28,583 16,495 46,605 104,256
Additions 1,826 - 6,959 - 8,785
At 30 June 2024 14,399 28,583 23,454 46,605 113,041
DEPRECIATION
At 1 July 2023 - 21,912 12,588 41,719 76,219
Charge for year - 1,621 2,717 1,222 5,560
At 30 June 2024 - 23,533 15,305 42,941 81,779
NET BOOK VALUE
At 30 June 2024 14,399 5,050 8,149 3,664 31,262
At 30 June 2023 12,573 6,671 3,907 4,886 28,037

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,985 25,628
Other debtors 35,763 27,663
54,748 53,291

TOPFLOOR CONTRACTS LIMITED (REGISTERED NUMBER: 04795724)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 42,866 46,178
Taxation and social security 12,104 16,865
Other creditors 53,451 32,200
118,421 105,243

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,167 19,167