Company Registration No. 11476888 (England and Wales)
TOP VALETING LIMITED
Unaudited accounts
for the year ended 31 July 2024
TOP VALETING LIMITED
Unaudited accounts
Contents
TOP VALETING LIMITED
Company Information
for the year ended 31 July 2024
Company Number
11476888 (England and Wales)
Registered Office
11 Cecilia Road
RAMSGATE
CT11 7DY
UNITED KINGDOM
TOP VALETING LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
1,996
2,348
Cash at bank and in hand
494
435
Creditors: amounts falling due within one year
(4,988)
(4,374)
Net current liabilities
(1,594)
(690)
Total assets less current liabilities
402
1,658
Creditors: amounts falling due after more than one year
(5,543)
(6,860)
Net liabilities
(5,141)
(5,202)
Called up share capital
1
1
Profit and loss account
(5,142)
(5,203)
Shareholders' funds
(5,141)
(5,202)
For the year ending 31 July 2024 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 his 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 11 April 2025 and were signed on its behalf by
Ion Cristea
Director
Company Registration No. 11476888
TOP VALETING LIMITED
Notes to the Accounts
for the year ended 31 July 2024
TOP VALETING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11476888. The registered office is 11 Cecilia Road, RAMSGATE, CT11 7DY, 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.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Plant & machinery
15% reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
TOP VALETING LIMITED
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
1,111
1,111
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,541
1,541
Taxes and social security
1,179
4
Loans from directors
1,018
1,579
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).