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Company Registration No. SC624637 (Scotland)
Topforth Ltd Unaudited accounts for the year ended 31 March 2025
Topforth Ltd Unaudited accounts Contents
Page
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Topforth Ltd Company Information for the year ended 31 March 2025
Director
Zhibo Xie
Company Number
SC624637 (Scotland)
Registered Office
272 BATH STREET GLASGOW G2 4JR UNITED KINGDOM
Accountants
Tax Return Accountants Ltd 26 Spinning Wheelway Hackbridge Wallington GB SM6 7DS
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Topforth Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,846 
8,557 
Current assets
Cash at bank and in hand
4,978 
1,426 
Creditors: amounts falling due within one year
(5,213)
(9,366)
Net current liabilities
(235)
(7,940)
Total assets less current liabilities
6,611 
617 
Creditors: amounts falling due after more than one year
(81,654)
(79,654)
Net liabilities
(75,043)
(79,037)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(75,143)
(79,137)
Shareholders' funds
(75,043)
(79,037)
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 April 2025 and were signed on its behalf by
Zhibo Xie Director Company Registration No. SC624637
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Topforth Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Topforth Ltd is a private company, limited by shares, registered in Scotland, registration number SC624637. The registered office is 272 BATH STREET, GLASGOW, G2 4JR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date
Going concern
The Company is expected to achieve future operating profits from trading activities. In view of this, the director considers it appropriate to prepare the accounts on a going concern basis.
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Topforth Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2024
17,465 
At 31 March 2025
17,465 
Depreciation
At 1 April 2024
8,908 
Charge for the year
1,711 
At 31 March 2025
10,619 
Net book value
At 31 March 2025
6,846 
At 31 March 2024
8,557 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
1,000 
1,000 
Taxes and social security
738 
699 
Other creditors
3,475 
7,667 
5,213 
9,366 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Loans from directors
81,654 
79,654 
7
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
The company is controlled by the director Ms Zhibo Xie and she is the hundred percent shareholder. She made a loan of £81,654 to the Company, being interest free, unsecured and repayable by demand.
9
Average number of employees
During the year the average number of employees was 4 (2024: 3).
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