Company Registration No. 11773600 (England and Wales)
T&i Tippers Ltd
Unaudited accounts
for the year ended 31 January 2025
T&i Tippers Ltd
Unaudited accounts
Contents
T&i Tippers Ltd
Company Information
for the year ended 31 January 2025
Directors
I Hitchborne
T Aspbury
Company Number
11773600 (England and Wales)
Registered Office
45 Tunnel Road
West Bromwich
West Midlands
B70 0RB
England
Accountants
Tyler Cobane Limited
29 Walton Way
Walton
Stone
Staffordshire
ST15 0JF
T&i Tippers Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
1,429,186
596,663
Cash at bank and in hand
321,392
128,167
Creditors: amounts falling due within one year
(938,477)
(457,329)
Net current assets
8,051
37,895
Total assets less current liabilities
1,437,237
634,558
Creditors: amounts falling due after more than one year
(559,917)
(269,652)
Provisions for liabilities
Deferred tax
(322,720)
(113,366)
Net assets
554,600
251,540
Called up share capital
2
2
Profit and loss account
554,598
251,538
Shareholders' funds
554,600
251,540
For the year ending 31 January 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by
I Hitchborne
Director
Company Registration No. 11773600
T&i Tippers Ltd
Notes to the Accounts
for the year ended 31 January 2025
T&i Tippers Ltd is a private company, limited by shares, registered in England and Wales, registration number 11773600. The registered office is 45 Tunnel Road, West Bromwich, West Midlands, B70 0RB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Fixtures & fittings
15% Reducing balance
Computer equipment
33.3% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
T&i Tippers Ltd
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2024
697,074
-
3,500
1,753
702,327
Additions
865,152
127,752
-
1,928
994,832
At 31 January 2025
1,562,226
127,752
3,500
3,681
1,697,159
At 1 February 2024
104,561
-
525
578
105,664
Charge for the year
161,475
-
446
388
162,309
At 31 January 2025
266,036
-
971
966
267,973
At 31 January 2025
1,296,190
127,752
2,529
2,715
1,429,186
At 31 January 2024
592,513
-
2,975
1,175
596,663
Amounts falling due within one year
Trade debtors
625,136
367,057
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
9,886
9,886
Obligations under finance leases and hire purchase contracts
524,882
186,418
Trade creditors
51,719
98,459
Taxes and social security
339,997
147,522
Other creditors
11,993
15,044
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
555,819
255,508
8
Average number of employees
During the year the average number of employees was 10 (2024: 9).