Registration number: 10610560

Top Bits Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Top Bits Ltd

(Registration number: 10610560)
Statement of Financial Position
31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	97,894	94,823
Current assets
Debtors	5	2,817	10,798
Cash at bank and in hand		758	-
		3,575	10,798
Creditors: Amounts falling due within one year	6	(89,361)	(83,783)
Net current liabilities		(85,786)	(72,985)
Total assets less current liabilities		12,108	21,838
Creditors: Amounts falling due after more than one year	6	-	(508)
Net assets		12,108	21,330
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		11,108	20,330
Shareholders' funds		12,108	21,330

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 October 2026
 

Top Bits Ltd

(Registration number: 10610560)
Statement of Financial Position
31 December 2025

......................................... G Drakopoulos Director

Top Bits Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 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:
Wiston House
1 Wiston Avenue
Worthng
West Sussex
BN14 7QL

These financial statements were authorised for issue by the director on 1 October 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 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 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.

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.

Foreign currency transactions and balances

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Top Bits Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

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
Motor vehicle	over 6 years
Office equipment	over 4 years
Freehold Property	over 25 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

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.

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.

Share capital

Ordinary shares are classified as equity.

Top Bits Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	89,815	7,693	11,181	108,689
Additions	9,113	-	-	9,113
At 31 December 2025	98,928	7,693	11,181	117,802
Depreciation
At 1 January 2025	5,044	3,963	4,859	13,866
Charge for the year	3,631	622	1,789	6,042
At 31 December 2025	8,675	4,585	6,648	19,908
Carrying amount
At 31 December 2025	90,253	3,108	4,533	97,894
At 31 December 2024	84,771	3,730	6,322	94,823

Included within the net book value of land and buildings above is £90,253 (2024 - £84,770) in respect of freehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Trade debtors	2,817	2,875
Other debtors	-	7,923
	2,817	10,798

Top Bits Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Other creditors	89,361	83,783

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	-	508

7

Reserves

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

	Retained earnings £	Total £
Foreign currency translation gains/losses	(1,742)	(1,742)

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

	Retained earnings £	Total £
Foreign currency translation gains/losses	3,270	3,270

8	Related party transactions

Included within creditors is a loan of £82,604 (2024: £78,694) due to the mother of the director of the company. The loan is unsecured, interest-free and repayable on demand.