Top Shop (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04364823 (England and Wales)

Financial Statements for the Period 1 March 2019 to 31 January 2020

for

Top Shop (UK) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mrs Harpal Kaur

SECRETARY:

Mrs Rupinder Kaur Sandhu

REGISTERED OFFICE:

Bridge House

9-13 Holbrook Lane

Coventry

United Kingdom

CV6 4AD

REGISTERED NUMBER:

04364823 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Intangible assets

4

7,000

-

Tangible assets

5

5,250

-

12,250

-

CURRENT ASSETS

Stocks

6

25,120

27,000

Debtors

7

16

34

Cash at bank and in hand

65,277

27,798

90,413

54,832

CREDITORS

Amounts falling due within one year

8

47,528

9,898

NET CURRENT ASSETS

42,885

44,934

TOTAL ASSETS LESS CURRENT LIABILITIES

55,135

44,934

CAPITAL AND RESERVES

Called up share capital

9

3

3

Retained earnings

10

55,132

44,931

SHAREHOLDERS' FUNDS

55,135

44,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 6 October 2020 and were signed by:

Mrs Harpal Kaur - Director

1.	STATUTORY INFORMATION

Top Shop (UK) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Stocks

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2019 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

7,000

At 31 January 2020

7,000

NET BOOK VALUE

At 31 January 2020

7,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

7,000

At 31 January 2020

7,000

DEPRECIATION

Charge for period

1,750

At 31 January 2020

1,750

NET BOOK VALUE

At 31 January 2020

5,250

6.

STOCKS

31.1.20

28.2.19

£

£

Stocks

25,120

27,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

28.2.19

£

£

Prepayments

16

34

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

28.2.19

£

£

Trade creditors

5,610

915

Corporation Tax

3,976

5,987

Value Added Tax

1,368

2,331

Other creditors

482

-

Directors' current accounts

35,911

334

Accrued expenses

181

331

47,528

9,898

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.1.20

28.2.19

value:

£

£

4

Share capital 1

1

3

3

(28.2.19 - 3 )

1 Ordinary share of 1 was issued during the period for cash of £ 1 .

10.

RESERVES

Retained

earnings

£

At 1 March 2019

44,931

Profit for the period

22,201

Dividends

(12,000

)

At 31 January 2020

55,132

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the period ended 31 January 2020 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

Date: .............................................