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

REGISTERED NUMBER: 04364823 (England and Wales)

Financial Statements for the Year Ended 31 January 2021

for

Top Shop (UK) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Harpal Kaur

Mrs Rupinder Kaur Sandhu

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

7,000

Property, plant and equipment

5

10,050

5,250

17,050

12,250

CURRENT ASSETS

Inventories

6

27,132

25,120

Debtors

7

-

16

Investments

8

6,602

-

Cash at bank and in hand

82,791

65,277

116,525

90,413

CREDITORS

Amounts falling due within one year

9

25,276

47,528

NET CURRENT ASSETS

91,249

42,885

TOTAL ASSETS LESS CURRENT LIABILITIES

108,299

55,135

CREDITORS

Amounts falling due after more than one year

10

50,000

-

NET ASSETS

58,299

55,135

CAPITAL AND RESERVES

Called up share capital

11

3

3

Retained earnings

12

58,296

55,132

SHAREHOLDERS' FUNDS

58,299

55,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 August 2021 and were signed on its behalf by:

Mrs Rupinder Kaur Sandhu - 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

Revenue 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.

Fixtures and fittings

-

25% on reducing balance

Stocks

Inventories 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 year was 3 (2020 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2020

and 31 January 2021

7,000

NET BOOK VALUE

At 31 January 2021

7,000

At 31 January 2020

7,000

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 February 2020

7,000

Additions

8,150

At 31 January 2021

15,150

DEPRECIATION

At 1 February 2020

1,750

Charge for year

3,350

At 31 January 2021

5,100

NET BOOK VALUE

At 31 January 2021

10,050

At 31 January 2020

5,250

6.	INVENTORIES

31.1.21

31.1.20

£

£

Stocks

27,132

25,120

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Other debtors

-

16

8.	CURRENT ASSET INVESTMENTS

31.1.21

31.1.20

£

£

Investment

6,602

-

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Trade creditors

7,862

5,610

Taxation and social security

6,826

5,344

Other creditors

10,588

36,574

25,276

47,528

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.21

31.1.20

£

£

Bank loans

50,000

-

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.21

31.1.20

value:

£

£

3

Ordinary

£1

3

3

12.

RESERVES

Retained

earnings

£

At 1 February 2020

55,132

Profit for the year

23,164

Dividends

(20,000

)

At 31 January 2021

58,296

13.	RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £9,600 (2020: £8,000) in respect of use of business property owned by the directors.