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REGISTERED NUMBER: 13294020 (England and Wales)


Financial Statements for the Year Ended 31 March 2023

for

Tipton Convenience Ltd

Tipton Convenience Ltd (Registered number: 13294020)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Tipton Convenience Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr Davinder Singh Dhillon





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 13294020 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Tipton Convenience Ltd (Registered number: 13294020)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 150,000 150,000
Tangible assets 5 8,538 7,419
158,538 157,419

CURRENT ASSETS
Stocks 27,682 24,872
Debtors 6 4,532 4,470
Cash at bank and in hand 23,732 13,209
55,946 42,551
CREDITORS
Amounts falling due within one year 7 201,697 195,091
NET CURRENT LIABILITIES (145,751 ) (152,540 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,787

4,879

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 12,687 4,779
SHAREHOLDERS' FUNDS 12,787 4,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Tipton Convenience Ltd (Registered number: 13294020)

Statement of Financial Position - continued
31 March 2023


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 27 September 2023 and were signed by:





Mr Davinder Singh Dhillon - Director


Tipton Convenience Ltd (Registered number: 13294020)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Tipton Convenience Ltd 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 represents net sales of invoiced goods and services excluding Value Added Tax.

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.
Plant and machinery etc - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 150,000
NET BOOK VALUE
At 31 March 2023 150,000
At 31 March 2022 150,000

Tipton Convenience Ltd (Registered number: 13294020)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 6,149 1,694 7,843
Additions - 1,915 1,915
At 31 March 2023 6,149 3,609 9,758
DEPRECIATION
At 1 April 2022 - 424 424
Charge for year - 796 796
At 31 March 2023 - 1,220 1,220
NET BOOK VALUE
At 31 March 2023 6,149 2,389 8,538
At 31 March 2022 6,149 1,270 7,419

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,600 2,600
Other debtors 1,932 1,870
4,532 4,470

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 15,374 6,984
Taxation and social security 4,183 2,579
Other creditors 182,140 185,528
201,697 195,091

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

Tipton Convenience Ltd (Registered number: 13294020)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £8,400 in respect of use of business property owned by the director.