Registration number: 03267875

The Topping Pie Company Ltd

(Registration number: 03267875)

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	584,387	595,195
Current assets
Stocks		148,306	171,051
Debtors	5	231,308	252,821
Cash at bank and in hand		20,541	49,107
		400,155	472,979
Creditors: Amounts falling due within one year	6	(563,392)	(576,650)
Net current liabilities		(163,237)	(103,671)
Total assets less current liabilities		421,150	491,524
Creditors: Amounts falling due after more than one year	6	(231,151)	(240,364)
Provisions for liabilities		(36,558)	(39,256)
Net assets		153,441	211,904
Capital and reserves
Called up share capital		220	220
Retained earnings		153,221	211,684
Shareholders' funds		153,441	211,904

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

The Topping Pie Company Ltd

(Registration number: 03267875)

Balance Sheet as at 31 March 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 9 September 2025 and signed on its behalf by:
 

.........................................

R J A Topping

Company secretary and director

The Topping Pie Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

Statutory information

The Topping Pie Company Ltd is a private company, limited by shares, domiciled in England and Wales, company number 03267875. The registered office is at 2 The Crescent, Blaxton, Doncaster, DN9 3AS.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

The Topping Pie Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

1	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	not depreciated
Motor vehicles	25% reducing balance
Furniture, fittings and equipment	15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	15 years straight line

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

The Topping Pie Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

1	Accounting policies (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of income and retained earnings and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 46 (2024 - 44).

The Topping Pie Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3	Intangible assets

	Goodwill  £	Total £
Cost
At 1 April 2024	150,000	150,000
At 31 March 2025	150,000	150,000
Amortisation
At 1 April 2024	150,000	150,000
At 31 March 2025	150,000	150,000
Carrying amount
At 31 March 2025	-	-

The Topping Pie Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost
At 1 April 2024	438,171	675,848	37,492	1,151,511
Additions	-	17,498	-	17,498
At 31 March 2025	438,171	693,346	37,492	1,169,009
Depreciation
At 1 April 2024	-	545,651	10,665	556,316
Charge for the year	-	21,599	6,707	28,306
At 31 March 2025	-	567,250	17,372	584,622
Carrying amount
At 31 March 2025	438,171	126,096	20,120	584,387
At 31 March 2024	438,171	130,197	26,827	595,195

5

Debtors

		2025 £	2024 £
Trade debtors		203,740	214,969
Amounts owed by related parties		-	12,086
Prepayments		4,732	3,742
Other debtors		22,836	22,024
		231,308	252,821

The Topping Pie Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Creditors

	2025  £	2024  £
Due within one year
Bank loan and overdrafts - secured	208,839	203,935
Obligations under finance lease and hire purchase contracts - secured	7,267	-
Trade creditors	124,059	107,688
Directors loan accounts	132,965	136,596
Social security and other taxes	15,335	7,794
Outstanding defined contribution pension costs	2,520	2,867
Other payables	1,020	32,321
Accrued expenses	40,523	39,474
Corporation tax	30,864	45,975
	563,392	576,650
Due after one year
Bank loans and overdrafts - secured	218,433	240,364
Obligations under finance lease and hire purchase contracts - secured	12,718	-
	231,151	240,364

Creditors include bank loans repayable by instalments of £69,500.00 (2024 - £108,460.00) due after more than five years.