Tipco (NI) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: NI068841

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		820,250		845,234

			820,250		845,234
CURRENT ASSETS
Debtors	5	102,203		92,765
Cash at bank and in hand		19,729		7,748

		121,932		100,513
Creditors: Amounts Falling Due Within One Year	6	(195,092 )		(204,711 )

NET CURRENT ASSETS (LIABILITIES)			(73,160 )		(104,198 )

TOTAL ASSETS LESS CURRENT LIABILITIES			747,090		741,036

Creditors: Amounts Falling Due After More Than One Year	7		(472,163 )		(501,665 )

NET ASSETS			274,927		239,371

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			274,925		239,369

SHAREHOLDERS' FUNDS			274,927		239,371

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Tipco (NI) Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jim Lynas

Director

17/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Tipco (NI) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI068841 . The registered office is Wellington Park Busness Centre , 3 Wellington Park, Belfast, Antrim, BT9 6DJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	1% Straight Line
Plant & Machinery	5% Reducing Balance
Motor Vehicles	20% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. 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.

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Tipco (NI) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Pensions

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2024	587,441	416,028	37,782	1,041,251

As at 31 March 2025	587,441	416,028	37,782	1,041,251

Depreciation
As at 1 April 2024	63,746	114,638	17,633	196,017
Provided during the period	5,880	15,072	4,032	24,984

As at 31 March 2025	69,626	129,710	21,665	221,001

Net Book Value
As at 31 March 2025	517,815	286,318	16,117	820,250

As at 1 April 2024	523,695	301,390	20,149	845,234

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	91,966	69,393
Other debtors	10,237	23,372

	102,203	92,765

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	33,554	33,553
Trade creditors	78,286	70,502
Bounceback Loan< 1 year	9,194	9,000
Other creditors	17,916	15,225
Taxation and social security	56,142	76,431

	195,092	204,711

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Tipco (NI) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	45,762	67,464
Bounceback loan > 1 Year	3,344	12,000
Other creditors	423,057	422,201

	472,163	501,665

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	33,554	33,553
Later than one year and not later than five years	45,762	67,464

	79,316	101,017

	79,316	101,017

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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