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Registered number: 10193944
Top Spec Group Ltd
ACCOUNTS
FOR THE YEAR ENDED 28/02/2026
Top Spec Group Ltd
ACCOUNTS
FOR THE YEAR ENDED 28/02/2026
DIRECTORS
Mr D Lynch
REGISTERED OFFICE
Turnpike House
1208/1210 London Road
Leigh On Sea
Essex
SS9 2UA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10193944
Top Spec Group Ltd
ACCOUNTS
FOR THEYEARENDED28/02/2026
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Top Spec Group Ltd
BALANCE SHEET AT 28/02/2026
20262025
Notes££
FIXED ASSETS
Tangible assets3431,259375,071
CURRENT ASSETS
Debtors5544,746249,997
Cash at bank and in hand24,8584,667
569,604254,664
CREDITORS: Amounts falling due within one year6302,742149,865
NET CURRENT ASSETS266,862104,799
TOTAL ASSETS LESS CURRENT LIABILITIES698,121479,870
CREDITORS: Amounts falling due after more than one year7423,676340,964
PROVISIONS FOR LIABILITIES AND CHARGES971,33259,285
NET ASSETS203,11379,621
CAPITAL AND RESERVES
Called up share capital104,0004,000
Revaluation reserve1d,11144,280144,280
Profit and loss account54,833(68,659)
SHAREHOLDERS' FUNDS203,11379,621
For the year ending 28/02/2026 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/07/2026 and signed on their behalf by
.............................
Mr D Lynch
Director
Top Spec Group Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2026
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Motor Carsreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 11).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20262025
No.No.
Average number of employees11
Top Spec Group Ltd
3. TANGIBLE FIXED ASSETS
Plant and
MachineryMotor CarsTotal
£££
Cost
At 01/03/20258,330209,480217,810
Additions-95,00095,000
At 28/02/20268,330304,480312,810
Depreciation
At 01/03/20257,02079,49386,513
For the year32838,48438,812
At 28/02/20267,348117,977125,325
Net Book Amounts
At 28/02/2026982186,503187,485
At 28/02/20251,310129,987131,297
The company freehold was valued in 2023 by and External Valuer and the valuation was on the basis of Market Value. The valuer's opinion of Market Value was primarily derived using comparable evidence of recent market transactions on arm's-length terms. The property was purchased in April 2016 for £73,033 and was revalued in 2023 at £252,500.
At original cost £77,360 of Motor Vehicles was purchased under Hire Purchase Agreements and as at the balance sheet date these assets was valued at £43,315 (2025 - £52,578).
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/03/2025243,774243,774
At 28/02/2026243,774243,774
Top Spec Group Ltd
5. DEBTORS 20262025
££
Amounts falling due within one year
Trade debtors241,28410,901
VAT10,992-
PAYE control3,938-
Other debtors246,225189,096
Prepayments42,307-
Accrued income-50,000
544,746249,997
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20262025
££
UK corporation tax753753
Directors current account2,735375
Bank Loan1,0504,200
Mortgage6,0006,000
Other loans147,403103,154
Credit card40,330-
Hire purchase16,02618,598
Trade creditors72,205-
Other creditors13,09013,635
Accruals3,1503,150
302,742149,865
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20262025
££
Bank loans (unsecured) >1yr-1,050
Mortgage >1yr45,23449,784
Other loans >1yr372,118267,780
Hire purchase >1yr6,32422,350
423,676340,964
Top Spec Group Ltd
8. SECURED CREDITORS
20262025
££
Amount of bank loans and overdrafts which are secured312,61392,242
Lloyds Bank PLC has a part legal charge over the company's freehold premises and Interbay Funding Ltd has an addtional charge on the same freehold premises.
9. PROVISIONS FOR LIABILITIES 20262025
££
Deferred taxation71,33259,285
71,33259,285
10. SHARE CAPITAL 20262025
££
Allotted, issued and fully paid:
4000 Ordinary shares of £1 each40004000
4,0004,000
11. REVALUATION RESERVE 20262025
££
Revaluation reserve144,280144,280
144,280144,280
12. CONTROLLING PARTY
Mr D Lynch is the ultimate controlling party by virtue of his sole directorship and ownership of the company's issued share capital.
Top Spec Group Ltd
13. RELATED PARTY TRANSACTIONS
Top Spec Electrical Group Ltd is registered in England and Wales, companies house number 12919448 and Mr D Lynch is an ultimate controlling party and director of the company. During the year Top Spec Electrical Group Ltd owed Top Spec Group Ltd as at the balance sheet date £153,302 (2025 - £86,573) which is fully repayable on demand. In addition Top Spec Group Ltd charged Top Spec Electrical Group Ltd £60,000 (2025 - £60,000) for management charges at commercial market rates.
Oikos Partnership Ltd is registered in England and Wales, companies house number 15365351 and Mr D Lynch is an ultimate controlling party and director of the company. During the year Oikos Partnership Ltd owed Top Spec Group Ltd as at the balance sheet date £92,623 (2025 - £102,222) which is fully repayable on demand.