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COMPANY REGISTRATION NUMBER: 07588980
A & M TIPPERS LTD
Filleted Unaudited Financial Statements
31 May 2024
A & M TIPPERS LTD
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
140,770
124,264
Current assets
Debtors
6
3,765
3,300
Cash at bank and in hand
35,298
27,058
--------
--------
39,063
30,358
Creditors: amounts falling due within one year
7
43,744
39,071
--------
--------
Net current liabilities
4,681
8,713
---------
---------
Total assets less current liabilities
136,089
115,551
Creditors: amounts falling due after more than one year
8
110,473
111,138
---------
---------
Net assets
25,616
4,413
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
25,516
4,313
--------
-------
Shareholders funds
25,616
4,413
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
A & M TIPPERS LTD
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 24 February 2025 , and are signed on behalf of the board by:
Mr A S SIDHU
Director
Company registration number: 07588980
A & M TIPPERS LTD
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 43 MORAY AVENUE, HAYES, UB3 2AX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 4 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 June 2023
143,069
7,210
150,279
Additions
40,637
737
41,374
---------
-------
---------
At 31 May 2024
183,706
7,947
191,653
---------
-------
---------
Depreciation
At 1 June 2023
21,460
4,555
26,015
Charge for the year
24,337
531
24,868
---------
-------
---------
At 31 May 2024
45,797
5,086
50,883
---------
-------
---------
Carrying amount
At 31 May 2024
137,909
2,861
140,770
---------
-------
---------
At 31 May 2023
121,609
2,655
124,264
---------
-------
---------
6. Debtors
2024
2023
£
£
Trade debtors
2,722
3,300
Other debtors
1,043
-------
-------
3,765
3,300
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
1,545
7,973
Other creditors
42,199
31,098
--------
--------
43,744
39,071
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bounce back loan
25,187
34,835
Other creditors
85,286
76,303
---------
---------
110,473
111,138
---------
---------
9. Director's advances, credits and guarantees
Directors loan account relates to directors current account.
10. Related party transactions
The company was under the control of Mr A S Sidhu throughout the current period. Mr A S SIDHU is the managing director.