Company Registration No. SC624637 (Scotland)
Topforth Ltd
Unaudited accounts
for the year ended 31 March 2025
Topforth Ltd
Unaudited accounts
Contents
Topforth Ltd
Company Information
for the year ended 31 March 2025
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
Topforth Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
6,846
8,557
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)
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
Topforth Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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.
Topforth Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
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
6
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
81,654
79,654
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).