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REGISTERED NUMBER: 13537573 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

TIP London Ltd

TIP London Ltd (Registered number: 13537573)






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




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


TIP London Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs K Lefley
R J R Lefley Bootle





REGISTERED OFFICE: 100 High Ash Drive
Alwoodley
Leeds
LS17 8RE





REGISTERED NUMBER: 13537573 (England and Wales)





ACCOUNTANTS: Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE

TIP London Ltd

Report of the Accountants to the Directors of
TIP London Ltd

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on page 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.






Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE


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

TIP London Ltd (Registered number: 13537573)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 971 184

CURRENT ASSETS
Stocks - 3,200
Debtors 5 164,000 10,000
Cash at bank 154,264 184,758
318,264 197,958
CREDITORS
Amounts falling due within one year 6 98,650 65,503
NET CURRENT ASSETS 219,614 132,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,585

132,639

PROVISIONS FOR LIABILITIES 185 -
NET ASSETS 220,400 132,639

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 220,300 132,539
220,400 132,639

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

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

TIP London Ltd (Registered number: 13537573)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





R J R Lefley Bootle - Director


TIP London Ltd (Registered number: 13537573)

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

1. STATUTORY INFORMATION

TIP London 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 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.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

TIP London Ltd (Registered number: 13537573)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 83 162 245
Additions - 1,132 1,132
At 31 July 2023 83 1,294 1,377
DEPRECIATION
At 1 August 2022 21 40 61
Charge for year 21 324 345
At 31 July 2023 42 364 406
NET BOOK VALUE
At 31 July 2023 41 930 971
At 31 July 2022 62 122 184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 164,000 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 92,074 62,171
Other creditors 6,576 3,332
98,650 65,503

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

An amount of £4,626 (2022: £2,001) in other creditors refers to monies owed by the company to the directors. This advance is interest free and repayable on demand.