| Top Form School Wear Ltd |
|
| Report to the directors on the preparation of the unaudited statutory accounts of Top Form School Wear Ltd for the year ended 31 October 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Top Form School Wear Ltd for the year ended 31 October 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| S.Asghar & Co |
| Chartered Certified Accountants |
| 85 Station Road |
| Harrow |
| London |
| HA2 7SW |
|
| 31 March 2026 |
|
| Top Form School Wear Ltd |
| Registered number: |
09314435 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
62,500 |
|
|
35,000 |
| Tangible assets |
4 |
|
|
12,114 |
|
|
9,933 |
|
|
|
|
74,614 |
|
|
44,933 |
|
| Current assets |
| Stocks |
|
|
276,500 |
|
|
186,500 |
| Debtors |
5 |
|
8,133 |
|
|
7,891 |
| Cash at bank and in hand |
|
|
53,579 |
|
|
23,655 |
|
|
|
338,212 |
|
|
218,046 |
|
| Creditors: amounts falling due within one year |
6 |
|
(77,541) |
|
|
(51,208) |
|
| Net current assets |
|
|
|
260,671 |
|
|
166,838 |
|
| Total assets less current liabilities |
|
|
|
335,285 |
|
|
211,771 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(306,097) |
|
|
(187,237) |
|
|
|
| Net assets |
|
|
|
29,188 |
|
|
24,534 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
29,088 |
|
|
24,434 |
|
| Shareholders' funds |
|
|
|
29,188 |
|
|
24,534 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
| Mr. Riaz Mehmood |
| Director |
| Approved by the board on 31 March 2026 |
|
| Top Form School Wear Ltd |
| Notes to the Accounts |
| for the year ended 31 October 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes from sale of school unifroms. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
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: |
|
Fixtures, fittings, tools and equipment |
20% on reducing rate |
|
|
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. |
|
|
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. |
|
|
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 |
22 |
|
5 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 November 2024 |
35,000 |
|
Additions |
27,500 |
|
At 31 October 2025 |
62,500 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 October 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
62,500 |
|
At 31 October 2024 |
35,000 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Fixture, Fittings & Equipments |
| £ |
|
Cost |
|
At 1 November 2024 |
36,720 |
|
Additions |
5,210 |
|
At 31 October 2025 |
41,930 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2024 |
26,787 |
|
Charge for the year |
3,029 |
|
At 31 October 2025 |
29,816 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
12,114 |
|
At 31 October 2024 |
9,933 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
1,666 |
|
1,424 |
|
Other debtors |
6,467 |
|
6,467 |
|
|
|
|
|
|
8,133 |
|
7,891 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
3,504 |
|
4,701 |
|
Trade creditors |
56,139 |
|
40,621 |
|
Corporation tax |
1,901 |
|
4,243 |
|
Other taxes and social security costs |
2,524 |
|
1,191 |
|
Other creditors |
13,473 |
|
452 |
|
|
|
|
|
|
77,541 |
|
51,208 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
64,706 |
|
15,779 |
|
Director'a Loan Account |
|
177,617 |
|
171,458 |
|
Other creditors |
63,774 |
|
- |
|
|
|
|
|
|
306,097 |
|
187,237 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Controlling party |
|
|
Mr. Riaz Mahmood, Mr. Mubashir Tufail and Mr Awais Alam are directors and shareholders of the company. All directors are responsible for day to day management of the company. |
|
|
| 9 |
Other information |
|
|
Top Form School Wear Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
90-91 The Stow |
|
Harlow |
|
Essex |
|
CM20 3AP |
|
| 10 |
Shareholding |
2025 |
|
2024 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Mr Riaz Mehmood |
25 |
|
25 |
|
Mr Mubashir Tufail |
25 |
|
25 |
|
Mr Awais Alam |
50 |
|
50 |
|
|
|
|
|
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|