Topfloors Limited 01049503 false 2024-08-01 2025-07-31 2025-07-31 The principal activity of the company is sale of flooring Digita Accounts Production Advanced 6.30.9574.0 true true 01049503 2024-08-01 2025-07-31 01049503 2025-07-31 01049503 core:CurrentFinancialInstruments 2025-07-31 01049503 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 01049503 core:Non-currentFinancialInstruments core:AfterOneYear 2025-07-31 01049503 core:LandBuildings 2025-07-31 01049503 core:MotorVehicles 2025-07-31 01049503 core:OtherPropertyPlantEquipment 2025-07-31 01049503 bus:SmallEntities 2024-08-01 2025-07-31 01049503 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 01049503 bus:FilletedAccounts 2024-08-01 2025-07-31 01049503 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 01049503 bus:RegisteredOffice 2024-08-01 2025-07-31 01049503 bus:CompanySecretaryDirector1 2024-08-01 2025-07-31 01049503 bus:Director2 2024-08-01 2025-07-31 01049503 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 01049503 core:RevaluationReserve core:LandBuildings 2024-08-01 2025-07-31 01049503 core:ComputerEquipment 2024-08-01 2025-07-31 01049503 core:LandBuildings 2024-08-01 2025-07-31 01049503 core:MotorVehicles 2024-08-01 2025-07-31 01049503 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 01049503 core:PlantMachinery 2024-08-01 2025-07-31 01049503 countries:AllCountries 2024-08-01 2025-07-31 01049503 2024-07-31 01049503 core:LandBuildings 2024-07-31 01049503 core:MotorVehicles 2024-07-31 01049503 core:OtherPropertyPlantEquipment 2024-07-31 01049503 2023-08-01 2024-07-31 01049503 2024-07-31 01049503 core:CurrentFinancialInstruments 2024-07-31 01049503 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 01049503 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 01049503 core:LandBuildings 2024-07-31 01049503 core:MotorVehicles 2024-07-31 01049503 core:OtherPropertyPlantEquipment 2024-07-31 iso4217:GBP xbrli:pure

Registration number: 01049503

Topfloors Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 July 2025

Topfloors Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 8

Topfloors Limited

Company Information

Directors | Mr Anthony Patrick Billows Mr Michael Anthony Eric Michael Billows

Company secretary | Mr Anthony Patrick Billows

Registered office | 280 Manchester Road Lostock Gralam Northwich Cheshire CW9 7PY

Topfloors Limited

(Registration number: 01049503)
Abridged Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 282,682 | 285,049
Current assets |  |  |
Stocks | 5 | 13,268 | 13,446
Debtors |  | 10,449 | 6,447
Cash at bank and in hand |  | 156,928 | 141,853
|  | 180,645 | 161,746
Prepayments and accrued income |  | 1,440 | 1,720
Creditors: Amounts falling due within one year |  | (67,850) | (37,637)
Net current assets |  | 114,235 | 125,829
Total assets less current liabilities |  | 396,917 | 410,878
Creditors: Amounts falling due after more than one year |  | (21,296) | (26,852)
Provisions for liabilities |  | (13,985) | (13,985)
Accruals and deferred income |  | (7,273) | (9,304)
Net assets |  | 354,363 | 360,737
Capital and reserves |  |  |
Called up share capital | 6 | 100 | 100
Revaluation reserve |  | 232,971 | 232,971
Retained earnings |  | 121,292 | 127,666
Shareholders' funds |  | 354,363 | 360,737

For the financial year ending 31 July 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Topfloors Limited

(Registration number: 01049503)
Abridged Balance Sheet as at 31 July 2025

These financial statements have been prepared and 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 12 March 2026 and signed on its behalf by:

......................................... Mr Anthony Patrick Billows Company secretary and director

Topfloors Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
280 Manchester Road
Lostock Gralam
Northwich
Cheshire
CW9 7PY

These financial statements were authorised for issue by the Board on 12 March 2026.

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Going concern

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.

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.

Topfloors Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

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 | Held at revalued amount
Motor vehicles | 25% reducing balance
Tools and equipment | 10% reducing balance
Computer equipment | 33.3% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Topfloors Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Topfloors Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

4 | Tangible assets

| Land and buildings £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 August 2024 | 275,000 | 26,684 | 18,136 | 319,820
Disposals | - | (10,990) | - | (10,990)
At 31 July 2025 | 275,000 | 15,694 | 18,136 | 308,830
Depreciation
At 1 August 2024 | - | 18,352 | 16,419 | 34,771
Charge for the year | - | 2,083 | 284 | 2,367
Eliminated on disposal | - | (10,990) | - | (10,990)
At 31 July 2025 | - | 9,445 | 16,703 | 26,148
Carrying amount
At 31 July 2025 | 275,000 | 6,249 | 1,433 | 282,682
At 31 July 2024 | 275,000 | 8,332 | 1,717 | 285,049

Included within the net book value of land and buildings above is £275,000 (2024 - £275,000) in respect of freehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 7,687 | 2,705
Other inventories | 5,581 | 10,741
| 13,268 | 13,446

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

Topfloors Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

7 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 232,971 | 232,971