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REGISTERED NUMBER: 07165179 (England and Wales)













TIP TOP TOILETS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






TIP TOP TOILETS LIMITED (REGISTERED NUMBER: 07165179)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIP TOP TOILETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: M Rees
M C Rees





REGISTERED OFFICE: Fedw Hir
Llwydcoed
Aberdare
CF44 0DX





REGISTERED NUMBER: 07165179 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

TIP TOP TOILETS LIMITED (REGISTERED NUMBER: 07165179)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,680,110 1,840,339

CURRENT ASSETS
Debtors 5 101,631 145,797
Cash at bank and in hand 35,672 249
137,303 146,046
CREDITORS
Amounts falling due within one year 6 478,216 632,235
NET CURRENT LIABILITIES (340,913 ) (486,189 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,339,197 1,354,150

CREDITORS
Amounts falling due after more than one
year

7

(502,941

)

(749,305

)

PROVISIONS FOR LIABILITIES (192,056 ) (135,162 )
NET ASSETS 644,200 469,683

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 644,100 469,583
644,200 469,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TIP TOP TOILETS LIMITED (REGISTERED NUMBER: 07165179)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:





M Rees - Director


TIP TOP TOILETS LIMITED (REGISTERED NUMBER: 07165179)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Tip Top Toilets Limited is a private company, limited by shares , registered in England and Wales. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

TIP TOP TOILETS LIMITED (REGISTERED NUMBER: 07165179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 498,169 1,553,740 13,640
Additions 36,000 2,835 -
At 29 February 2024 534,169 1,556,575 13,640
DEPRECIATION
At 1 March 2023 - 569,143 5,410
Charge for year - 155,481 2,262
At 29 February 2024 - 724,624 7,672
NET BOOK VALUE
At 29 February 2024 534,169 831,951 5,968
At 28 February 2023 498,169 984,597 8,230

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 455,829 18,900 2,540,278
Additions 31,600 599 71,034
At 29 February 2024 487,429 19,499 2,611,312
DEPRECIATION
At 1 March 2023 115,615 9,771 699,939
Charge for year 70,150 3,370 231,263
At 29 February 2024 185,765 13,141 931,202
NET BOOK VALUE
At 29 February 2024 301,664 6,358 1,680,110
At 28 February 2023 340,214 9,129 1,840,339

TIP TOP TOILETS LIMITED (REGISTERED NUMBER: 07165179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 101,631 139,517
Other debtors - 6,280
101,631 145,797

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,133 38,579
Hire purchase contracts 279,473 391,486
Trade creditors 22,866 20,549
Amounts owed to group undertakings 9,528 49,528
Taxation and social security 125,479 109,607
Other creditors 20,737 22,486
478,216 632,235

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 299,674 300,050
Hire purchase contracts 203,267 449,255
502,941 749,305