Topmarx Limited - Filleted accounts

Registered number

03207600

Topmarx Limited

Filleted Accounts

31 December 2025

Topmarx Limited
Registered number:		03207600
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		126,231			32,923

Current assets
Stocks		13,571			7,702
Debtors	4	2,954,413			3,124,984
Cash at bank and in hand		148,197			296,932
		3,116,181			3,429,618

Creditors: amounts falling due within one year	5	(1,487,204)			(1,979,367)

Net current assets			1,628,977			1,450,251

Total assets less current liabilities			1,755,208			1,483,174

Creditors: amounts falling due after more than one year	6		(58,558)			(33,333)

Provisions for liabilities			(31,558)			(6,624)


Net assets			1,665,092			1,443,217

Capital and reserves
Called up and fully paid share capital			1,000			1,000
Profit and loss account			1,664,092			1,442,217

Shareholders' funds			1,665,092			1,443,217

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



….........................
Director
Approved by the board and authorised for issue on 22 April 2026

Topmarx Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Construction contract debtor
	Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract at the balance sheet date. The company uses the "percentage of completion" method to determine the appropriate amount to recognise in a given period. The assessment of the stage of completion is dependent on the size, duration and nature of the contract, but will generally be based on the estimated proportion of the total contract costs which have been incurred to date. If a contract is expected to be loss-making, a provision is recognised for the entire loss. Payments from customers in advance of the stage of completion are shown as 'Debtors payments on account' within creditors, until the corresponding works are complete.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					52		55


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Fixtures, fittings, tools and equipment		Total
£			£		£		£
	Cost
	At 1 January 2025	167,103		830,557		22,285		1,019,945
	Additions	-		127,214		-		127,214
	Disposals	-		(58,244)		-		(58,244)
	At 31 December 2025	167,103		899,527		22,285		1,088,915

	Depreciation
	At 1 January 2025	167,103		797,634		22,285		987,022
	Charge for the year	-		33,906		-		33,906
	On disposals	-		(58,244)		-		(58,244)
	At 31 December 2025	167,103		773,296		22,285		962,684

	Net book value
	At 31 December 2025	-		126,231		-		126,231
	At 31 December 2024	-		32,923		-		32,923


4	Debtors					2025		2024
£							£

	Trade debtors					2,367,047		2,570,230
	Construction contract debtor					568,517		542,688
	Other debtors					18,849		12,066
						2,954,413		3,124,984


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Debtor payments on account					75,597		248,781
	Bank loans and overdrafts					33,333		50,000
	Obligations under finance lease and hire purchase contracts					41,567		-
	Trade creditors					651,265		847,030
	Taxation and social security costs					601,525		760,229
	Other creditors					83,917		73,327
						1,487,204		1,979,367


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		33,333
	Obligations under finance lease and hire purchase contracts					58,558		-
						58,558		33,333


7	Secured liabilities					2025		2024
£							£
	Creditors include:

	Hire purchase creditors					100,125		-
	Other secured creditors					13,702		20,923
						113,827		20,923

	The hire purchase creditors are secured over the assets to which they relate. Other secured creditors are secured by fixed and floating charges over the assets of the company.


8	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					59,219		68,966


9	Other information

	Topmarx Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	Chardan House, Culverlands
	Winchester Road
	Shedfield, Southampton
	Hampshire
	SO32 2JF