| Tipedge Limited |
| Registered number: |
01793943 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
286,605 |
|
|
760,155 |
| Investment properties |
4 |
|
|
1,000,215 |
|
|
- |
|
|
|
|
1,286,820 |
|
|
760,155 |
|
| Current assets |
| Debtors |
5 |
|
290,285 |
|
|
288,000 |
| Cash at bank and in hand |
|
|
83,996 |
|
|
10,252 |
|
|
|
374,281 |
|
|
298,252 |
|
| Creditors: amounts falling due within one year |
6 |
|
(38,369) |
|
|
(21,847) |
|
| Net current assets |
|
|
|
335,912 |
|
|
276,405 |
|
| Total assets less current liabilities |
|
|
|
1,622,732 |
|
|
1,036,560 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(84,604) |
|
|
(84,255) |
|
| Provisions for liabilities |
|
|
|
(65,884) |
|
|
- |
|
|
| Net assets |
|
|
|
1,472,244 |
|
|
952,305 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Non-distributable revenue reserve |
8 |
|
|
470,152 |
|
|
- |
| Profit and loss account |
|
|
|
1,001,992 |
|
|
952,205 |
|
| Shareholders' funds |
|
|
|
1,472,244 |
|
|
952,305 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| D L Norris |
| Director |
| Approved by the board on 25 September 2025 |
|
| Tipedge Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the storage or rental period is completed. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Land and buildings |
Nil |
|
Plant and machinery |
over 5 years |
|
|
Investment property |
|
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors based on information from external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price, which is usually the invoice price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2024 |
725,744 |
|
152,965 |
|
878,709 |
|
Transfer |
(464,179) |
|
- |
|
(464,179) |
|
At 31 December 2024 |
261,565 |
|
152,965 |
|
414,530 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
- |
|
118,554 |
|
118,554 |
|
Charge for the year |
- |
|
9,371 |
|
9,371 |
|
At 31 December 2024 |
- |
|
127,925 |
|
127,925 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
261,565 |
|
25,040 |
|
286,605 |
|
At 31 December 2023 |
725,744 |
|
34,411 |
|
760,155 |
|
|
|
|
|
|
|
|
|
| 4 |
Investment properties |
|
| Other |
| investments |
| £ |
|
Cost |
|
Transfers |
464,179 |
|
Revaluation |
536,036 |
|
|
At 31 December 2024 |
1,000,215 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
2,285 |
|
- |
|
Other debtors |
288,000 |
|
288,000 |
|
|
|
|
|
|
290,285 |
|
288,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
|
|
5,705 |
|
5,000 |
|
Taxation and social security costs |
15,940 |
|
734 |
|
Other creditors |
16,724 |
|
16,113 |
|
|
|
|
|
|
38,369 |
|
21,847 |
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
75,429 |
|
81,840 |
|
Other creditors |
9,175 |
|
2,415 |
|
|
|
|
|
|
84,604 |
|
84,255 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Non-distributable revenue reserve |
2024 |
|
2023 |
| £ |
£ |
|
|
Gain on revaluation of land and buildings |
536,036 |
|
- |
|
Deferred taxation arising on the revaluation of land and buildings |
(65,884) |
|
- |
|
|
At 31 December 2024 |
470,152 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
Included in other creditors due after on year is an amount of £9,175 (2023: £2,415) due to the directors. |
|
|
| 10 |
Other information |
|
|
Tipedge Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
29 Twyford Gardens |
|
Adderbury |
|
Banbury |
|
Oxfordshire |
|
OX17 3JJ |