2023-04-012024-03-312024-03-31false11293573AS SERVICES (TIPTREE) 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AS SERVICES (TIPTREE) LIMITED

Registered Number
11293573
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

AS SERVICES (TIPTREE) LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

SHOWELL, Andrew

Registered Address

Waterloo House Waterloo House
2 Colchester Road
St Osyth
CO16 8HA

Registered Number

11293573 (England and Wales)
AS SERVICES (TIPTREE) LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,3181,758
1,3181,758
Current assets
Stocks476,41257,658
Debtors53,3111,685
Cash at bank and on hand24037,300
79,96396,643
Creditors amounts falling due within one year6(299)(2,349)
Net current assets (liabilities)79,66494,294
Total assets less current liabilities80,98296,052
Creditors amounts falling due after one year7(30,681)(38,964)
Net assets50,30157,088
Capital and reserves
Profit and loss account50,30157,088
Shareholders' funds50,30157,088
The financial statements were approved and authorised for issue by the Director on 3 October 2024, and are signed on its behalf by:
SHOWELL, Andrew
Director
Registered Company No. 11293573
AS SERVICES (TIPTREE) 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
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 April 235,0002,5007,500
At 31 March 245,0002,5007,500
Depreciation and impairment
At 01 April 233,2422,5005,742
Charge for year440-440
At 31 March 243,6822,5006,182
Net book value
At 31 March 241,318-1,318
At 31 March 231,758-1,758
4.Stocks

2024

2023

££
Other stocks76,41257,658
Total76,41257,658
5.Debtors: amounts due within one year

2024

2023

££
Other debtors2,098731
Prepayments and accrued income1,213954
Total3,3111,685
Short term debtors are measured at transaction price (which is usually the invoice price), less an impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables283283
Taxation and social security16414
Accrued liabilities and deferred income-1,652
Total2992,349
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts19,09629,775
Other creditors11,5859,189
Total30,68138,964