2023-04-012024-03-312024-03-31false10530928TIBBATTS & CO LIMITED2024-07-0356210iso4217:GBPxbrli:pure105309282023-04-01105309282024-03-31105309282023-04-012024-03-31105309282022-04-01105309282023-03-31105309282022-04-012023-03-3110530928bus:SmallEntities2023-04-012024-03-3110530928bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3110530928bus:AbridgedAccounts2023-04-012024-03-3110530928bus:PrivateLimitedCompanyLtd2023-04-012024-03-3110530928core:WithinOneYear2024-03-3110530928core:AfterOneYear2024-03-3110530928core:WithinOneYear2023-03-3110530928core:AfterOneYear2023-03-3110530928core:ShareCapital2024-03-3110530928core:SharePremium2024-03-3110530928core:RevaluationReserve2024-03-3110530928core:OtherReservesSubtotal2024-03-3110530928core:RetainedEarningsAccumulatedLosses2024-03-3110530928core:ShareCapital2023-03-3110530928core:SharePremium2023-03-3110530928core:RevaluationReserve2023-03-3110530928core:OtherReservesSubtotal2023-03-3110530928core:RetainedEarningsAccumulatedLosses2023-03-3110530928core:LandBuildings2024-03-3110530928core:PlantMachinery2024-03-3110530928core:Vehicles2024-03-3110530928core:FurnitureFittings2024-03-3110530928core:OfficeEquipment2024-03-3110530928core:NetGoodwill2024-03-3110530928core:IntangibleAssetsOtherThanGoodwill2024-03-3110530928core:ListedExchangeTraded2024-03-3110530928core:UnlistedNon-exchangeTraded2024-03-3110530928core:LandBuildings2023-03-3110530928core:PlantMachinery2023-03-3110530928core:Vehicles2023-03-3110530928core:FurnitureFittings2023-03-3110530928core:OfficeEquipment2023-03-3110530928core:NetGoodwill2023-03-3110530928core:IntangibleAssetsOtherThanGoodwill2023-03-3110530928core:ListedExchangeTraded2023-03-3110530928core:UnlistedNon-exchangeTraded2023-03-3110530928core:LandBuildings2023-04-012024-03-3110530928core:PlantMachinery2023-04-012024-03-3110530928core:Vehicles2023-04-012024-03-3110530928core:FurnitureFittings2023-04-012024-03-3110530928core:OfficeEquipment2023-04-012024-03-3110530928core:NetGoodwill2023-04-012024-03-3110530928core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110530928core:ListedExchangeTraded2023-04-012024-03-3110530928core:UnlistedNon-exchangeTraded2023-04-012024-03-3110530928core:MoreThanFiveYears2023-04-012024-03-3110530928core:Non-currentFinancialInstruments2024-03-3110530928core:Non-currentFinancialInstruments2023-03-3110530928dpl:CostSales2023-04-012024-03-3110530928dpl:DistributionCosts2023-04-012024-03-3110530928core:LandBuildings2023-04-012024-03-3110530928core:PlantMachinery2023-04-012024-03-3110530928core:Vehicles2023-04-012024-03-3110530928core:FurnitureFittings2023-04-012024-03-3110530928core:OfficeEquipment2023-04-012024-03-3110530928dpl:AdministrativeExpenses2023-04-012024-03-3110530928core:NetGoodwill2023-04-012024-03-3110530928core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110530928dpl:GroupUndertakings2023-04-012024-03-3110530928dpl:ParticipatingInterests2023-04-012024-03-3110530928dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3110530928core:ListedExchangeTraded2023-04-012024-03-3110530928dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3110530928core:UnlistedNon-exchangeTraded2023-04-012024-03-3110530928dpl:CostSales2022-04-012023-03-3110530928dpl:DistributionCosts2022-04-012023-03-3110530928core:LandBuildings2022-04-012023-03-3110530928core:PlantMachinery2022-04-012023-03-3110530928core:Vehicles2022-04-012023-03-3110530928core:FurnitureFittings2022-04-012023-03-3110530928core:OfficeEquipment2022-04-012023-03-3110530928dpl:AdministrativeExpenses2022-04-012023-03-3110530928core:NetGoodwill2022-04-012023-03-3110530928core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110530928dpl:GroupUndertakings2022-04-012023-03-3110530928dpl:ParticipatingInterests2022-04-012023-03-3110530928dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3110530928core:ListedExchangeTraded2022-04-012023-03-3110530928dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3110530928core:UnlistedNon-exchangeTraded2022-04-012023-03-3110530928core:NetGoodwill2024-03-3110530928core:IntangibleAssetsOtherThanGoodwill2024-03-3110530928core:LandBuildings2024-03-3110530928core:PlantMachinery2024-03-3110530928core:Vehicles2024-03-3110530928core:FurnitureFittings2024-03-3110530928core:OfficeEquipment2024-03-3110530928core:AfterOneYear2024-03-3110530928core:WithinOneYear2024-03-3110530928core:ListedExchangeTraded2024-03-3110530928core:UnlistedNon-exchangeTraded2024-03-3110530928core:ShareCapital2024-03-3110530928core:SharePremium2024-03-3110530928core:RevaluationReserve2024-03-3110530928core:OtherReservesSubtotal2024-03-3110530928core:RetainedEarningsAccumulatedLosses2024-03-3110530928core:NetGoodwill2023-03-3110530928core:IntangibleAssetsOtherThanGoodwill2023-03-3110530928core:LandBuildings2023-03-3110530928core:PlantMachinery2023-03-3110530928core:Vehicles2023-03-3110530928core:FurnitureFittings2023-03-3110530928core:OfficeEquipment2023-03-3110530928core:AfterOneYear2023-03-3110530928core:WithinOneYear2023-03-3110530928core:L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TIBBATTS & CO LIMITED

Registered Number
10530928
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

TIBBATTS & CO LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

TIBBATTS, Michael Shaun

Company Secretary

TIBBATTS, Ann Patricia

Registered Address

1 Gemini Court
42a Throwley Way
Sutton
SM1 4AF

Registered Number

10530928 (England and Wales)
TIBBATTS & CO LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,4891,985
1,4891,985
Current assets
Debtors45,0006,800
Cash at bank and on hand23,47213,342
28,47220,142
Creditors amounts falling due within one year5(5,809)(5,472)
Net current assets (liabilities)22,66314,670
Total assets less current liabilities24,15216,655
Provisions for liabilities6(283)(377)
Accruals and deferred income(2,014)(2,233)
Net assets21,85514,045
Capital and reserves
Called up share capital100100
Profit and loss account21,75513,945
Shareholders' funds21,85514,045
The financial statements were approved and authorised for issue by the Director on 3 July 2024, and are signed on its behalf by:
TIBBATTS, Michael Shaun
Director
Registered Company No. 10530928
TIBBATTS & CO LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
Basis of preparation
The financial statements have been prepared under the historical cost convention, unless otherwise specified within accounting policies. The principal accounting policies adopted are set out below.
Turnover policy
Turnover represents the value of services provided under contract to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excluded items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting end date and reduced to the extent that it is no longer probably that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liabilities is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 238,904
At 31 March 248,904
Depreciation and impairment
At 01 April 236,919
Charge for year496
At 31 March 247,415
Net book value
At 31 March 241,489
At 31 March 231,985
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables5,0006,800
Total5,0006,800
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security5,3655,471
Other creditors4441
Total5,8095,472
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)283377
Total283377