Topend Joiners Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC533879

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		31,264		40,447
Investment Properties	5		377,272		-

			408,536		40,447
CURRENT ASSETS
Stocks	6	7,473		12,560
Debtors	7	514,130		313,949
Cash at bank and in hand		385,356		844,211

		906,959		1,170,720
Creditors: Amounts Falling Due Within One Year	8	(204,424 )		(196,691 )

NET CURRENT ASSETS (LIABILITIES)			702,535		974,029

TOTAL ASSETS LESS CURRENT LIABILITIES			1,111,071		1,014,476

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(7,816 )		(10,112 )

NET ASSETS			1,103,255		1,004,364

CAPITAL AND RESERVES
Called up share capital	12		2		2
Profit and Loss Account			1,103,253		1,004,362

SHAREHOLDERS' FUNDS			1,103,255		1,004,364

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Topend Joiners Ltd

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Stephen Lyons

Director

10/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Topend Joiners Ltd Registered number SC533879 is a limited by shares company incorporated in Scotland. The Registered Office is 64 South Dumbreck Road, Kilsyth, Glasgow, G65 9LX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts, if applicable, and rental income received from its residential investment properties.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% - Reducing balance basis
Motor Vehicles	25% - Reducing balance basis
Fixtures & Fittings	20% - Reducing balance basis
Computer Equipment	20% - Reducing balance basis

No revaluation of the investment properties is considered necessary by the directors.

2.4. Investment Properties

Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.

Investment properties shall be included in the balance sheet at their market value.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

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Topend Joiners Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	2	2
Manufacturing	2	2

	4	4

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 May 2024	47,638	41,576	7,883	97,097
Additions	920	-	-	920

As at 30 April 2025	48,558	41,576	7,883	98,017

Depreciation
As at 1 May 2024	23,766	29,000	3,884	56,650
Provided during the period	6,159	3,144	800	10,103

As at 30 April 2025	29,925	32,144	4,684	66,753

Net Book Value
As at 30 April 2025	18,633	9,432	3,199	31,264

As at 1 May 2024	23,872	12,576	3,999	40,447

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	-	8,359

5. Investment Property

	2025
	£
Fair Value
As at 1 May 2024	-
Additions	377,272

As at 30 April 2025	377,272

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	377,272	-

No revaluation of the investment properties is considered necessary by the directors.

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Topend Joiners Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Stocks

	2025	2024
	£	£
Materials	550	-
Work in progress	6,923	12,560

	7,473	12,560

7. Debtors

	2025	2024
	£	£
Due within one year
VAT recoverable	10,623	10,189
CIS tax deductions recoverable	502,664	303,659
Contracts retentions	742	-
PAYE and NI	101	101

	514,130	313,949

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	2,546
Trade creditors	8,453	16,556
Corporation tax	182,137	119,544
CIS tax deductions from subcontractors	7,832	12,080
Advance contracts payments and deposits	-	8,930
Accrued charges	3,052	2,688
Directors' loan accounts	2,950	34,347

	204,424	196,691

The director’s loan accounts are unsecured, interest free and have no fixed terms of repayment.

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	2,546
Later than one year and not later than five years	-	-

	-	2,546

	-	2,546

10. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances.

	2025	2024
	£	£
Other timing differences	7,816	10,112

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Topend Joiners Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 May 2024	10,112	10,112
Utilised	(2,296 )	(2,296)

Balance at 30 April 2025	7,816	7,816

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

13. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	82,000	50,000

14. Ultimate Controlling Party

There is no ultimate controlling party by virtue of the split in the ownership of the issued share capital in the company.

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