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Logo On Report
Registered Number: 08281245


 

 

 

SAMI TIPI LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts Sami Tipi Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sami Tipi Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of Sami Tipi Limited , as a body, in accordance with the terms of our engagement letter dated 09 September 2024. Our work has been undertaken solely to prepare for your approval the accounts of Sami Tipi Limited and state those matters that we have agreed to state to the Board of Directors of Sami Tipi Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sami Tipi Limited and its Board of Directors as a body for our work or for this report
It is your duty to ensure that Sami Tipi Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit Sami Tipi Limited. You consider that Sami Tipi Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Sami Tipi Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Rivington Accounts Ltd
Bank House
6-8 Church Street
Adlington
Lancashire
PR7 4EX
09 September 2024
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Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 361,540    294,946 
361,540    294,946 
Current assets      
Debtors 16,119    62,360 
Cash at bank and in hand 11,617    33,152 
27,736    95,512 
Creditors: amount falling due within one year (166,734)   (255,054)
Net current assets (138,998)   (159,542)
 
Total assets less current liabilities 222,542    135,404 
Creditors: amount falling due after more than one year (116,909)   (54,451)
Provisions for liabilities (798)  
Net assets 104,835    80,953 
 

Capital and reserves
     
Called up share capital 1    100 
Profit and loss account 104,834    80,853 
Shareholders' funds 104,835    80,953 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 09 September 2024 and were signed on its behalf by:


-------------------------------
Craig Bidder
Director
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General Information
Sami Tipi Limited is a private company, limited by shares, registered in , registration number 08281245, registration address Old Hall Farm Derby Road, Swarkestone, Derby, Derbyshire, DE73 7JB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 3 Years Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 9 (2023 : 9).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 498,669    60,933      559,602 
Additions 56,081    76,854    2,867    135,802 
Disposals   (26,500)     (26,500)
At 31 March 2024 554,750    111,287    2,867    668,904 
Depreciation
At 01 April 2023 246,904    17,752      264,656 
Charge for year 42,138    6,676    519    49,333 
On disposals   (6,625)     (6,625)
At 31 March 2024 289,042    17,803    519    307,364 
Net book values
Closing balance as at 31 March 2024 265,708    93,484    2,348    361,540 
Opening balance as at 01 April 2023 251,765    43,181      294,946 


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