Top Notch North West Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08851615

TOP NOTCH NORTH WEST LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 January 2025

TOP NOTCH NORTH WEST LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2025

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

TOP NOTCH NORTH WEST LTD

STATEMENT OF FINANCIAL POSITION

31 January 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		176,393		162,161

CURRENT ASSETS

Stocks		13,620	12,860
Debtors	6	136,733	62,239
Cash at bank and in hand		45,100	12,409
		----------	---------
		195,453	87,508

CREDITORS: amounts falling due within one year	7	197,137		113,680
		----------		----------
NET CURRENT LIABILITIES			1,684		26,172
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			174,709		135,989

CREDITORS: amounts falling due after more than one year	8		47,067		58,581

PROVISIONS

Taxation including deferred tax	9	8,070	6,940
		----------	----------
NET ASSETS		119,572	70,468
		----------	----------

TOP NOTCH NORTH WEST LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	11	100	100
Profit and loss account		119,472	70,368
		----------	---------
SHAREHOLDERS FUNDS		119,572	70,468
		----------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

Mr G Eastwood
Director

Company registration number: 08851615

TOP NOTCH NORTH WEST LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Office equipment	-	33.33% Straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. TANGIBLE ASSETS

	Freehold property	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost
At 1 February 2024	142,426	35,875	61,885	9,305	249,491
Additions	–	300	25,783	783	26,866
	----------	---------	---------	---------	----------
At 31 January 2025	142,426	36,175	87,668	10,088	276,357
	----------	---------	---------	---------	----------
Depreciation
At 1 February 2024	20,877	13,193	43,969	9,291	87,330
Charge for the year	2,848	3,423	6,167	196	12,634
	----------	---------	---------	---------	----------
At 31 January 2025	23,725	16,616	50,136	9,487	99,964
	----------	---------	---------	---------	----------
Carrying amount
At 31 January 2025	118,701	19,559	37,532	601	176,393
	----------	---------	---------	---------	----------
At 31 January 2024	121,549	22,682	17,916	14	162,161
	----------	---------	---------	---------	----------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	120,923	61,234
Prepayments and accrued income	15,810	1,005
	----------	---------
	136,733	62,239
	----------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,220	10,220
Trade creditors	114,695	23,223
Accruals and deferred income	3,166	2,666
Corporation tax	14,545	18,090
Social security and other taxes	46,876	17,349
Director loan accounts	7,635	42,132
	----------	----------
	197,137	113,680
	----------	----------

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2025	2024
	£	£
Bank loan	4,220	4,220
	-------	-------

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	47,067	58,581
	---------	---------

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2025	2024
	£	£
Bank loan	43,567	49,581
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £26,687 (2024: £30,229) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

9. PROVISIONS

	Deferred tax (note 10)
	£
At 1 February 2024	6,940
Additions	1,130
	-------
At 31 January 2025	8,070
	-------

10. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 9)	8,070	6,940
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	8,070	6,940
	-------	-------

11. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.