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Company registration number: |
03918548
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PAGE TIPPING LIMITED
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REPORT OF THE DIRECTOR'S AND |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 29 February 2024 |
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PAGE TIPPING LIMITED |
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BALANCE SHEET |
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AS AT 29 February 2024
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2024 |
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2023 |
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Notes |
£ |
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£ |
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£ |
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£ |
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FIXED ASSETS | | | | | | | | | | | |
Tangible assets | | | 3 | | | 381,935 | | | | 368,878 | |
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| | | | | | | 381,935 | | | | 368,878 | |
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CURRENT ASSETS |
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Stocks | | | | 25,000 | | | | 0 | | | | |
Debtors | | | | 825,990 | | | | 1,141,466 | | | | |
Cash at bank and in hand | | | | 29,521 | | | | 35,950 | | | | |
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| | | | | 880,511 | | | | 1,177,416 | | | |
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CREDITORS |
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Amounts falling due within one year |
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(656,142) |
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(757,511) |
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NET CURRENT ASSETS |
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224,369 |
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419,905 |
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TOTAL ASSETS LESS |
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CURRENT LIABILITIES |
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606,304 |
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788,783 |
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Creditors falling due after one year | | | | | (298,049) | | | | (389,474) | |
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NET ASSETS |
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308,255 |
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399,309 |
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CAPITAL AND RESERVES |
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Called-up equity share capital |
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100 |
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100 |
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Profit and loss account |
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308,155 |
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399,209 |
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SHAREHOLDERS FUNDS |
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308,255 |
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399,309 |
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For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. | | | | | | | |
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. | | | | | | | |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. | | | | | | | |
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All the members have consented to the preparation of abridged financial statements for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006. | | | | | | | |
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The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime. | | | | | | | |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 17 November 2024 and signed on its behalf. | | | | | | | |
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.......................................................................... |
D Page |
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17 November 2024
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The annexed notes form part of these financial statements. | | | | | | | |
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PAGE TIPPING LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 29 FEBRUARY 2024 |
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1. |
Accounting policies |
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Basis of preparing the financial statements |
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These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102.
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| Turnover | | | | | | | | | |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. | |
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| Fixed Assets | | | | | | | | |
| Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: | |
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| Plant and Machinery - 25% per reducing balance basis | |
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| Computer equipment - 25 % reducing balance basis | |
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| Motor Vehicles - 25% reducing balance basis | |
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| Stocks and Work In Progress | | | | | | | |
| Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. | |
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| Leasing | | | | | | | | | |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. | |
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| Financial Instruments | | | | | | | |
| The company only has basic financial assets and liabilities measured at amortised cost. | |
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| Deferred Taxation | | | | | | | | |
| The tax expense represents the sum of the tax currrently payable. | |
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| Pension Scheme | | | | | | | | |
| The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. | |
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2. | Employees | | | |
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| The average number of persons employed by the company (including directors) during the year was 11. |
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3. | Tangible fixed assets | | | | | | | | | |
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Total |
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| Cost | | | | | | | | | | |
| At start of period | | 1,149,025 | |
| Additions | | | 143,160 | |
| Disposals | | | (49,500) | |
| At end of period | | 1,242,685 | |
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| Depreciation | | | | | | | | | | |
| At start of period | | 780,147 | |
| Provided during the period | | 128,013 | |
| On disposals | | | (47,410) | |
| At end of period | | 860,750 | |
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| Net Book Value | | | | | | | | | |
| At start of period | | 368,878 | |
| At end of period | | 381,935 | |
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