Registered number
09916576
TOP RIGHT LTD
Filleted Accounts
30 September 2024
TOP RIGHT LTD
Registered number: 09916576
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,651 27,534
Current assets
Debtors 4 96,962 76,463
Cash at bank and in hand 37,858 39,291
134,820 115,754
Creditors: amounts falling due within one year 5 (48,080) (54,157)
Net current assets 86,740 61,597
Total assets less current liabilities 107,391 89,131
Creditors: amounts falling due after more than one year 6 (82,372) (82,515)
Net assets 25,019 6,616
Capital and reserves
Called up share capital 200 200
Profit and loss account 24,819 6,416
Shareholders' funds 25,019 6,616
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Navneet Kumar Aggarwal
Director
Approved by the board on 11 June 2025
TOP RIGHT LTD
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 7
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 219,826
At 30 September 2024 219,826
Depreciation
At 1 October 2023 192,292
Charge for the year 6,883
At 30 September 2024 199,175
Net book value
At 30 September 2024 20,651
At 30 September 2023 27,534
4 Debtors 2024 2023
£ £
Trade debtors 4,791 1,295
Other debtors 92,171 75,168
96,962 76,463
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors 9,079 20,511
Taxation and social security costs 26,293 9,904
Other creditors 2,060 13,094
48,080 54,157
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,726 16,857
Other creditors 75,646 65,658
82,372 82,515
7 Other information
TOP RIGHT LTD is a private company limited by shares and incorporated in England. Its registered office is:
Ace House
22 Chester Road
Sutton Coldfield
England
B73 5DA
TOP RIGHT LTD 09916576 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2024 Navneet Kumar Aggarwal No description of principal activity 09916576 2022-10-01 2023-09-30 09916576 core:WithinOneYear 2023-09-30 09916576 core:AfterOneYear 2023-09-30 09916576 core:ShareCapital 2023-09-30 09916576 core:RetainedEarningsAccumulatedLosses 2023-09-30 09916576 2023-10-01 2024-09-30 09916576 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09916576 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09916576 bus:Director40 2023-10-01 2024-09-30 09916576 1 2023-10-01 2024-09-30 09916576 2 2023-10-01 2024-09-30 09916576 core:PlantMachinery 2023-10-01 2024-09-30 09916576 countries:England 2023-10-01 2024-09-30 09916576 bus:FRS102 2023-10-01 2024-09-30 09916576 bus:FilletedAccounts 2023-10-01 2024-09-30 09916576 2024-09-30 09916576 core:WithinOneYear 2024-09-30 09916576 core:AfterOneYear 2024-09-30 09916576 core:ShareCapital 2024-09-30 09916576 core:RetainedEarningsAccumulatedLosses 2024-09-30 09916576 core:PlantMachinery 2024-09-30 09916576 2023-09-30 09916576 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure