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REGISTERED NUMBER: 09566556















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Jimmy Tippers Ltd

Jimmy Tippers Ltd (Registered number: 09566556)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jimmy Tippers Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J H Gumbley





REGISTERED OFFICE: Long Lees Cottage
Warland
Todmorden
Lancashire
OL14 6UR





REGISTERED NUMBER: 09566556





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

Jimmy Tippers Ltd (Registered number: 09566556)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 753 753
Property, plant and equipment 5 516,326 457,271
517,079 458,024

CURRENT ASSETS
Debtors 6 166,779 94,061
Cash at bank 83,112 1,773
249,891 95,834
CREDITORS
Amounts falling due within one year 7 213,929 174,578
NET CURRENT ASSETS/(LIABILITIES) 35,962 (78,744 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,041

379,280

CREDITORS
Amounts falling due after more than
one year

8

(321,230

)

(268,451

)

PROVISIONS FOR LIABILITIES 9 (94,804 ) (77,328 )
NET ASSETS 137,007 33,501

Jimmy Tippers Ltd (Registered number: 09566556)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10 137,005 33,499
SHAREHOLDERS' FUNDS 137,007 33,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





J H Gumbley - Director


Jimmy Tippers Ltd (Registered number: 09566556)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Jimmy Tippers Ltd is a private company, limited by shares , registered in Not specified/Other. 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Registration Plates is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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


Jimmy Tippers Ltd (Registered number: 09566556)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Registratio
Plates
£   
COST
At 1 May 2023
and 30 April 2024 753
NET BOOK VALUE
At 30 April 2024 753
At 30 April 2023 753

Jimmy Tippers Ltd (Registered number: 09566556)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 634,143 14,449 1,522 650,114
Additions 218,295 35,726 - 254,021
Disposals (182,660 ) - - (182,660 )
At 30 April 2024 669,778 50,175 1,522 721,475
DEPRECIATION
At 1 May 2023 184,620 7,311 912 192,843
Charge for year 68,131 3,293 91 71,515
Eliminated on disposal (59,209 ) - - (59,209 )
At 30 April 2024 193,542 10,604 1,003 205,149
NET BOOK VALUE
At 30 April 2024 476,236 39,571 519 516,326
At 30 April 2023 449,523 7,138 610 457,271

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.4.24 30.4.23
£    £   
Trade debtors 140,290 94,061
Intercompany (17,763 ) -
VAT 44,252 -
166,779 94,061

Jimmy Tippers Ltd (Registered number: 09566556)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 27,152 23,302
Trade creditors 93,019 27,625
Social security and other taxes 225 214
VAT - 21,043
Other creditors 14,316 12,780
Directors' loan accounts 79,217 89,614
213,929 174,578

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-5 years 14,375 21,540
Hire purchase contracts 306,855 246,911
321,230 268,451

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 94,804 77,328

Deferred
tax
£   
Balance at 1 May 2023 77,328
Provided during year 17,476
Balance at 30 April 2024 94,804

Jimmy Tippers Ltd (Registered number: 09566556)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. RESERVES
Retained
earnings
£   

At 1 May 2023 33,499
Profit for the year 105,506
Dividends (2,000 )
At 30 April 2024 137,005