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REGISTERED NUMBER: 05816948 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TOPGRASS (UK) LIMITED

TOPGRASS (UK) LIMITED (REGISTERED NUMBER: 05816948)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOPGRASS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: T B Arnold
S A Arnold
K S Arnold





SECRETARY: T B Arnold





REGISTERED OFFICE: Unit N Old Station Yard
Oxford Road
Marton
Rugby
CV23 9RU





REGISTERED NUMBER: 05816948 (England and Wales)





ACCOUNTANTS: Richard Whiting & Co.
6 Hammarsfield Close
Standon
Ware
Hertfordshire
SG11 1PG

TOPGRASS (UK) LIMITED (REGISTERED NUMBER: 05816948)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 35,542 25,543
Tangible assets 5 295,492 255,473
331,034 281,016

CURRENT ASSETS
Stocks 21,101 28,623
Debtors 6 53,685 44,774
Cash at bank 207,819 219,658
282,605 293,055
CREDITORS
Amounts falling due within one year 7 321,747 330,250
NET CURRENT LIABILITIES (39,142 ) (37,195 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,892

243,821

CREDITORS
Amounts falling due after more than one
year

8

(51,794

)

(19,167

)

PROVISIONS FOR LIABILITIES 9 (62,881 ) (46,299 )
NET ASSETS 177,217 178,355

CAPITAL AND RESERVES
Called up share capital 174 174
Retained earnings 177,043 178,181
SHAREHOLDERS' FUNDS 177,217 178,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:



T B Arnold - Director


TOPGRASS (UK) LIMITED (REGISTERED NUMBER: 05816948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Topgrass (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost, 25% on cost and 20% on cost

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

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

TOPGRASS (UK) LIMITED (REGISTERED NUMBER: 05816948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 92,218
Additions 14,300
At 31 December 2024 106,518
AMORTISATION
At 1 January 2024 66,675
Amortisation for year 4,301
At 31 December 2024 70,976
NET BOOK VALUE
At 31 December 2024 35,542
At 31 December 2023 25,543

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 137,859 27,388 408,395 19,979 593,621
Additions 5,071 43,644 97,960 7,141 153,816
Disposals - - (13,500 ) - (13,500 )
At 31 December 2024 142,930 71,032 492,855 27,120 733,937
DEPRECIATION
At 1 January 2024 122,396 26,482 170,686 18,584 338,148
Charge for year 6,922 9,045 91,510 3,620 111,097
Eliminated on disposal - - (10,800 ) - (10,800 )
At 31 December 2024 129,318 35,527 251,396 22,204 438,445
NET BOOK VALUE
At 31 December 2024 13,612 35,505 241,459 4,916 295,492
At 31 December 2023 15,463 906 237,709 1,395 255,473

TOPGRASS (UK) LIMITED (REGISTERED NUMBER: 05816948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 57,410
At 31 December 2024 57,410
DEPRECIATION
Charge for year 11,482
At 31 December 2024 11,482
NET BOOK VALUE
At 31 December 2024 45,928

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 42,467 40,853
Other debtors 11,218 3,921
53,685 44,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 10,800 -
Trade creditors 15,414 23,203
Taxation and social security 122,464 105,799
Other creditors 163,069 191,248
321,747 330,250

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 9,166 19,167
Hire purchase contracts 42,628 -
51,794 19,167

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 62,881 46,299

Deferred
tax
£   
Balance at 1 January 2024 46,299
Provided during year 16,582
Balance at 31 December 2024 62,881