Top Fabrics Limited

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

Registered number: 10360033

		31 March 2025		30 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		208		696

			208		696
CURRENT ASSETS
Stocks	5	67,500		61,280
Debtors	6	21,597		27,499
Cash at bank and in hand		21,606		77,881

		110,703		166,660
Creditors: Amounts Falling Due Within One Year	7	(151,256 )		(167,581 )

NET CURRENT ASSETS (LIABILITIES)			(40,553 )		(921 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(40,345 )		(225 )

Creditors: Amounts Falling Due After More Than One Year	8		-		(16,667 )

NET LIABILITIES			(40,345 )		(16,892 )

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			(40,445 )		(16,992 )

SHAREHOLDERS' FUNDS			(40,345)		(16,892)

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Top Fabrics Limited

Balance Sheet (continued)

As At 31 March 2025

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 Hardip Shanker

Director

23 December 2025

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

1. General Information

Top Fabrics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10360033 . The registered office is Unit 1, Abbey Business Park, Leicester, Leicestershire, LE1 3BW.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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

10% on cost

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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Top Fabrics Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

2.6. Leasing and Hire Purchase Contracts

Assets obtained under 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 the profit and loss account as incurred.

2.7. 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.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.11. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1 (2023: 1)

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Top Fabrics Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 October 2023	3,250

As at 31 March 2025	3,250

Depreciation
As at 1 October 2023	2,554
Provided during the period	488

As at 31 March 2025	3,042

Net Book Value
As at 31 March 2025	208

As at 1 October 2023	696

5. Stocks

	31 March 2025	30 September 2023
	£	£
Finished goods	67,500	61,280

6. Debtors

	31 March 2025	30 September 2023
	£	£
Due within one year
Trade debtors	21,283	27,499
Other debtors	314	-

	21,597	27,499

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Top Fabrics Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	30 September 2023
	£	£
Trade creditors	59,905	71,620
Bank loans and overdrafts	11,667	10,000
Other creditors	77,121	82,920
Taxation and social security	2,563	3,041

	151,256	167,581

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	30 September 2023
	£	£
Bank loans	-	16,667

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