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REGISTERED NUMBER: 04920063 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST NOVEMBER 2023 TO 30TH APRIL 2025

FOR

TOPFLITE (NORTH WEST) LIMITED

TOPFLITE (NORTH WEST) LIMITED (REGISTERED NUMBER: 04920063)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOPFLITE (NORTH WEST) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025







DIRECTORS: Mr C L Babb
Mrs J Babb
Mr C J Babb





REGISTERED OFFICE: 54-58 Steeley Lane
Chorley
Lancashire
PR6 0RD





REGISTERED NUMBER: 04920063 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

TOPFLITE (NORTH WEST) LIMITED (REGISTERED NUMBER: 04920063)

BALANCE SHEET
30TH APRIL 2025

30.4.25 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 317,406 339,226

CURRENT ASSETS
Stocks 5 500 20,500
Debtors 6 39,317 36,123
Cash at bank and in hand 103,872 117,500
143,689 174,123
CREDITORS
Amounts falling due within one year 7 (227,789 ) (199,455 )
NET CURRENT LIABILITIES (84,100 ) (25,332 )
TOTAL ASSETS LESS CURRENT LIABILITIES 233,306 313,894

CREDITORS
Amounts falling due after more than
one year

8

(186,891

)

(215,138

)

PROVISIONS FOR LIABILITIES 9 (44,610 ) (48,565 )
NET ASSETS 1,805 50,191

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 1,705 50,091
SHAREHOLDERS' FUNDS 1,805 50,191

TOPFLITE (NORTH WEST) LIMITED (REGISTERED NUMBER: 04920063)

BALANCE SHEET - continued
30TH APRIL 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th July 2025 and were signed on its behalf by:





Mr C L Babb - Director


TOPFLITE (NORTH WEST) LIMITED (REGISTERED NUMBER: 04920063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025


1. STATUTORY INFORMATION

Topflite (North West) 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.

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 represents the value of goods and services provided in the year, net of Value Added Tax.

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.
Freehold property - 2% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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.

TOPFLITE (NORTH WEST) LIMITED (REGISTERED NUMBER: 04920063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


TOPFLITE (NORTH WEST) LIMITED (REGISTERED NUMBER: 04920063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025


2. ACCOUNTING POLICIES - continued
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 period 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 4 (2023 - 4 ) .

TOPFLITE (NORTH WEST) LIMITED (REGISTERED NUMBER: 04920063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st November 2023 199,974 25,070 13,603
Additions - 990 -
Disposals - - -
At 30th April 2025 199,974 26,060 13,603
DEPRECIATION
At 1st November 2023 55,007 21,613 13,603
Charge for period 6,000 1,536 -
Eliminated on disposal - - -
At 30th April 2025 61,007 23,149 13,603
NET BOOK VALUE
At 30th April 2025 138,967 2,911 -
At 31st October 2023 144,967 3,457 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st November 2023 279,888 8,974 527,509
Additions 139,085 3,196 143,271
Disposals (149,884 ) - (149,884 )
At 30th April 2025 269,089 12,170 520,896
DEPRECIATION
At 1st November 2023 90,634 7,426 188,283
Charge for period 80,147 2,049 89,732
Eliminated on disposal (74,525 ) - (74,525 )
At 30th April 2025 96,256 9,475 203,490
NET BOOK VALUE
At 30th April 2025 172,833 2,695 317,406
At 31st October 2023 189,254 1,548 339,226

TOPFLITE (NORTH WEST) LIMITED (REGISTERED NUMBER: 04920063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st November 2023 213,488
Additions 126,700
Disposals (111,689 )
At 30th April 2025 228,499
DEPRECIATION
At 1st November 2023 31,164
Charge for period 71,294
Eliminated on disposal (36,330 )
At 30th April 2025 66,128
NET BOOK VALUE
At 30th April 2025 162,371
At 31st October 2023 182,324

5. STOCKS
30.4.25 31.10.23
£    £   
Stocks 500 20,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 31.10.23
£    £   
Other debtors 39,317 36,123

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 31.10.23
£    £   
Bank loans and overdrafts 14,088 20,062
Hire purchase contracts 30,478 29,509
Trade creditors 72,126 80,796
Taxation and social security 104,699 63,204
Other creditors 6,398 5,884
227,789 199,455

TOPFLITE (NORTH WEST) LIMITED (REGISTERED NUMBER: 04920063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.25 31.10.23
£    £   
Bank loans 44,539 63,520
Hire purchase contracts 142,352 151,618
186,891 215,138

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,956 29,937

9. PROVISIONS FOR LIABILITIES
30.4.25 31.10.23
£    £   
Deferred tax 44,610 48,565

Deferred
tax
£   
Balance at 1st November 2023 48,565
Credit to Statement of Income and Retained Earnings during
period

(3,955

)
Balance at 30th April 2025 44,610

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.25 31.10.23
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

TOPFLITE (NORTH WEST) LIMITED (REGISTERED NUMBER: 04920063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025


11. RESERVES
Retained
earnings
£   

At 1st November 2023 50,091
Profit for the period 228,614
Dividends (277,000 )
At 30th April 2025 1,705

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The maximum balance the Directors Loan Account for Mr C L Babb was overdrawn by, during the year, was £132,521. Interest has been charged at the HMRC approved interest rate on the outstanding balance. The closing balance of £22,770 is repayable on demand.