JK Tipper Services Ltd - Filleted accounts

Registered number

03314590

JK Tipper Services Ltd

Filleted Accounts

31 March 2025

JK Tipper Services Ltd
Registered number:		03314590
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		451,186			472,120

Current assets
Debtors	4	846,367			928,528
Cash at bank and in hand		176,493			50,537
		1,022,860			979,065

Creditors: amounts falling due within one year	5	(205,536)			(149,978)

Net current assets			817,324			829,087

Total assets less current liabilities			1,268,510			1,301,207

Creditors: amounts falling due after more than one year	6		(101,791)			(182,849)



Net assets			1,166,719			1,118,358

Capital and reserves
Called up share capital			2			2
Profit and loss account			1,166,717			1,118,356

Shareholders' funds			1,166,719			1,118,358

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.




KS Gill
Director
Approved by the board on 4 December 2025

JK Tipper Services Ltd
Notes to the Accounts
for the year ended 31 March 2025


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 (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.


	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		10		6


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				969,873
	Additions				120,000
	Disposals				(118,400)
	At 31 March 2025				971,473

	Depreciation
	At 1 April 2024				497,753
	Charge for the year				119,861
	On disposals				(97,327)
	At 31 March 2025				520,287

	Net book value
	At 31 March 2025				451,186
	At 31 March 2024				472,120


4	Debtors		2025		2024
£				£

	Trade debtors		108,429		82,574
	Deferred tax asset		-		1,114
	Other debtors		737,938		844,840
			846,367		928,528


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Obligations under finance lease and hire purchase contracts		132,771		126,156
	Trade creditors		1,254		1,254
	Taxation and social security costs		71,511		22,568
			205,536		149,978


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Obligations under finance lease and hire purchase contracts		101,791		182,849


7	Other information

	JK Tipper Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	192 Ferrymead Avenue
	Greenford
	Middlesex
	UB6 9TW