Registration number: 07471782

Top Benefit Schemes Limited

Contents

Company Information	1
Statement of Directors' Responsibilities	2
Balance Sheet	3
Notes to the Financial Statements	4 to 8

Top Benefit Schemes Limited

Company Information

Directors

O M Ragg M E Tomkins C A Heather

Company secretary

P Amison

Registered office

Temeraire House Nelson Court Staffordshire Technology Park Stafford Staffordshire ST18 0WQ

Auditors

Howsons (Audit & Assurance) Limited Chartered Accountants and Registered Auditors Winton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

Top Benefit Schemes Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Top Benefit Schemes Limited

(Registration number: 07471782)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Debtors	5	1,980,991	1,601,148
Cash at bank and in hand		877,321	969,817
		2,858,312	2,570,965
Creditors: Amounts falling due within one year	6	(2,554,441)	(2,281,308)
Net assets		303,871	289,657
Capital and reserves
Called up share capital		200	200
Retained earnings		303,671	289,457
Shareholders' funds		303,871	289,657

These financial statements 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 Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... O M Ragg Director

Top Benefit Schemes Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in the UK.

The address of its registered office is:
Temeraire House
Nelson Court
Staffordshire Technology Park
Stafford
Staffordshire
ST18 0WQ

2	Accounting policies

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 – ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, utilising the provisions of section 1A applicable to small entities 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 company's presentational currency is pound sterling. The accounts are rounded to the nearest whole pound.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 29 September 2025 was James Parr FCCA, who signed for and on behalf of Howsons (Audit & Assurance) Limited.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Top Benefit Schemes Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Office equipment	33% straight line basis

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.

Top Benefit Schemes Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other 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 the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 7).

Top Benefit Schemes Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Office equipment  £	Total £
Cost or valuation
At 1 January 2024	1,325	1,325
Disposals	(1,325)	(1,325)
At 31 December 2024	-	-
Depreciation
At 1 January 2024	1,325	1,325
Eliminated on disposal	(1,325)	(1,325)
At 31 December 2024	-	-
Carrying amount
At 31 December 2024	-	-

5

Debtors

	Note	2024 £	2023 £
Trade debtors		1,654,225	1,327,041
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7	307,318	246,348
Prepayments		1,275	-
Other debtors		18,173	27,759
		1,980,991	1,601,148

Top Benefit Schemes Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Creditors

	Note	2024 £	2023 £
Due within one year
Trade creditors		2,370,448	1,950,418
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	-	132,533
Taxation and social security		147,726	167,610
Other creditors		36,267	30,747
		2,554,441	2,281,308

7	Related party transactions

The company has taken advantage of the exemption allowed under FRS 102 paragraph 33.1A not to disclose details of transactions with entities that are wholly owned members of a group.

8	Parent and ultimate parent undertaking

The company's immediate parent is TopCashback Group Limited, incorporated in UK.

 The most senior parent entity producing publicly available financial statements is TopCashback Group Limited.The ultimate controlling party is O M Ragg and M E Tomkins.

9	Going Concern

With reasonable financial resources and a good base of White Label customers, the directors believe that the company is well placed to manage its business risks successfully in the current unpredictable economic environment.

The company has the financial support of its ultimate parent company, TopCashback Group Limited, for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and accounts.