1 July 2023 v2025.15.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalseNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP096166582023-07-012024-06-30096166582024-06-30096166582023-06-3009616658core:WithinOneYear2024-06-3009616658core:WithinOneYear2023-06-3009616658core:AfterOneYear2024-06-3009616658core:AfterOneYear2023-06-3009616658core:ShareCapital2024-06-3009616658core:ShareCapital2023-06-3009616658core:RetainedEarningsAccumulatedLosses2024-06-3009616658core:RetainedEarningsAccumulatedLosses2023-06-3009616658bus:Director12023-07-012024-06-3009616658bus:RegisteredOffice2023-07-012024-06-3009616658core:FurnitureFittings2023-07-012024-06-30096166582022-07-012023-06-3009616658core:PlantMachinery2023-07-0109616658core:PlantMachinery2023-07-012024-06-3009616658core:PlantMachinery2024-06-3009616658core:PlantMachinery2023-06-3009616658countries:EnglandWales2023-07-012024-06-3009616658bus:AuditExemptWithAccountantsReport2023-07-012024-06-3009616658bus:PrivateLimitedCompanyLtd2023-07-012024-06-3009616658bus:SmallEntities2023-07-012024-06-3009616658bus:FullAccounts2023-07-012024-06-30
Company registration number:
09616658
Topp Brands Ltd
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Topp Brands Ltd
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
3,492
 
3,311
 
Current assets    
Stocks
5,875
 
16,382
 
Cash at bank and in hand
3,812
 
6,494
 
9,687
 
22,876
 
Creditors: amounts falling due within one year 6
(26,457
)
(33,137
)
Net current liabilities
(16,770
)
(10,261
)
Total assets less current liabilities (13,278 ) (6,950 )
Creditors: amounts falling due after more than one year 7
(22,378
)
(33,119
)
Net liabilities
(35,656
)
(40,069
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(35,756
)
(40,169
)
Shareholders deficit
(35,656
)
(40,069
)
For the year ending
30 June 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 year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
17 March 2025
, and are signed on behalf of the board by:
M Abawe
Director
Company registration number:
09616658
Topp Brands Ltd
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Crown House
,
27 Old Gloucester Street
,
London
,
WC1N 3AX
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
10% Reducing Balance basis

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 stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2023:
1
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2023
4,597
 
Additions
569
 
At
30 June 2024
5,166
 
Depreciation  
At
1 July 2023
1,286
 
Charge
388
 
At
30 June 2024
1,674
 
Carrying amount  
At
30 June 2024
3,492
 
At 30 June 2023
3,311
 

6 Creditors: amounts falling due within one year

20242023
££
Trade creditors -  
134
 
Taxation and social security
13,732
 
5,278
 
Other creditors
12,725
 
27,725
 
26,457
 
33,137
 

7 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
22,378
 
33,119