Company registration number 09520370 (England and Wales)
J S TIPPER HIRE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
J S TIPPER HIRE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
J S TIPPER HIRE LTD
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
211,626
219,081
Current assets
Stocks
45,041
45,041
Debtors
4
319,461
222,871
Cash at bank and in hand
282
9,569
364,784
277,481
Creditors: amounts falling due within one year
5
(348,689)
(297,436)
Net current assets/(liabilities)
16,095
(19,955)
Total assets less current liabilities
227,721
199,126
Creditors: amounts falling due after more than one year
6
(29,111)
(39,582)
Net assets
198,610
159,544
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
198,609
159,543
Total equity
198,610
159,544

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 17 April 2025
Mr J Smith
Director
Company registration number 09520370 (England and Wales)
J S TIPPER HIRE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

J S TIPPER HIRE LTD is a private company limited by shares incorporated in England and Wales. The registered office is Sunnyside Farm, Golk Links Road, Bluntisham, Morley St Peter, Norfolk, United Kingdom, NR189 SU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
18% on reducing balance
Motor vehicles
18% on reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

J S TIPPER HIRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
12
12
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 May 2023
137,277
202,666
339,943
Additions
39,000
-
0
39,000
At 30 April 2024
176,277
202,666
378,943
Depreciation and impairment
At 1 May 2023
56,771
64,091
120,862
Depreciation charged in the year
21,511
24,944
46,455
At 30 April 2024
78,282
89,035
167,317
Carrying amount
At 30 April 2024
97,995
113,631
211,626
At 30 April 2023
80,506
138,575
219,081
J S TIPPER HIRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
319,461
216,893
Other debtors
-
0
5,978
319,461
222,871
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
26,552
31,667
Trade creditors
171,593
97,722
Corporation tax
3,603
-
0
Other taxation and social security
36,326
59,844
Other creditors
108,115
108,203
Accruals and deferred income
2,500
-
0
348,689
297,436
6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Obligations under finance leases
29,111
39,582
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