REGISTERED NUMBER: 02622525 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2026

for

Topsharp Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Gibson

REGISTERED OFFICE:

4 Albert Street

Markyate

Hertfordshire

AL3 8HY

REGISTERED NUMBER:

02622525 (England and Wales)

ACCOUNTANTS:

ALAM&ALAM

30 Salisbury Square

Hatfield

Hertfordshire

AL9 5JD

FIXED ASSETS

Tangible assets

4

48,658

32,406

CURRENT ASSETS

Stocks

37,000

42,000

Debtors

5

55,231

147,058

Cash at bank and in hand

602,800

625,158

695,031

814,216

CREDITORS

Amounts falling due within one year

6

88,380

180,997

NET CURRENT ASSETS

606,651

633,219

TOTAL ASSETS LESS CURRENT LIABILITIES

655,309

665,625

PROVISIONS FOR LIABILITIES

7

10,233

8,102

NET ASSETS

645,076

657,523

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

644,976

657,423

645,076

657,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2026 and were signed by:

M Gibson - Director

1.	STATUTORY INFORMATION

Topsharp Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 10 years

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2025

-

12,766

52,641

3,144

68,551

Additions

7,725

-

16,895

3,021

27,641

Disposals

-

(131

)

-

(912

)

(1,043

)

At 30 June 2026

7,725

12,635

69,536

5,253

95,149

DEPRECIATION

At 1 July 2025

-

7,309

26,853

1,983

36,145

Charge for year

772

1,086

8,536

802

11,196

Eliminated on disposal

-

(103

)

-

(747

)

(850

)

At 30 June 2026

772

8,292

35,389

2,038

46,491

NET BOOK VALUE

At 30 June 2026

6,953

4,343

34,147

3,215

48,658

At 30 June 2025

-

5,457

25,788

1,161

32,406

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Trade debtors

45,480

140,199

Other debtors

9,751

6,859

55,231

147,058

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Trade creditors

42,544

93,113

Taxation and social security

13,924

48,457

Other creditors

31,912

39,427

88,380

180,997

7.	PROVISIONS FOR LIABILITIES

30.6.26

30.6.25

£

£

Deferred tax

10,233

8,102

Deferred

tax

£

Balance at 1 July 2025

8,102

Provided during year

2,131

Balance at 30 June 2026

10,233

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, total dividends of £3,000 (2025 - £4,000) were paid to the director.

The director holds 50% shareholding of the company.

The director's current account, included within creditors, of £1,801 (2025 - £1,670) had no fixed repayment date, was repayable on demand and was non-interest bearing.

During the year, total dividends of £3,000 (2025 - £4,000) were paid to the director's wife, whom holds the remaining 50% shareholding of the company.

Included within creditors are net wages owed to the director's wife of £1,587 (2025 - £3,308). Amounts owed had no fixed repayment date, was repayable on demand and was non-interest bearing. The operating profit is stated after charging pension costs attributable to the director's wife's defined contribution pension scheme of £60,000 (2025 - £60,000) and her salary costs of £36,000 (2025 - £48,600).