REGISTERED NUMBER: 06803803 (England and Wales)

Tiplady Tanker Services Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D M Tiplady

Miss P F Wilson

SECRETARY:

Miss P F Wilson

REGISTERED OFFICE:

West Roods

Boldron

Barnard Castle

Co Durham

DL12 9RQ

REGISTERED NUMBER:

06803803 (England and Wales)

ACCOUNTANTS:

Addison & Co

Ebor House

91 Galgate

Barnard Castle

Co Durham

DL12 8ES

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,609,162

1,580,475

1,609,162

1,580,475

CURRENT ASSETS

Stocks

131,981

73,012

Debtors

6

342,133

315,642

Cash at bank

382,310

173,079

856,424

561,733

CREDITORS

Amounts falling due within one year

7

698,878

556,011

NET CURRENT ASSETS

157,546

5,722

TOTAL ASSETS LESS CURRENT LIABILITIES

1,766,708

1,586,197

CREDITORS

Amounts falling due after more than one year

8

(439,814

)

(489,822

)

PROVISIONS FOR LIABILITIES

9

(396,776

)

(387,947

)

NET ASSETS

930,118

708,428

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

930,018

708,328

SHAREHOLDERS' FUNDS

930,118

708,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by:

D M Tiplady - Director

Miss P F Wilson - Director

1.	STATUTORY INFORMATION

Tiplady Tanker Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net invoiced work done, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

45,000

AMORTISATION

At 1 April 2024

and 31 March 2025

45,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

120,516

1,013,567

1,657,306

682

2,792,071

Additions

-

317,889

97,500

-

415,389

Disposals

-

(143,000

)

-

-

(143,000

)

At 31 March 2025

120,516

1,188,456

1,754,806

682

3,064,460

DEPRECIATION

At 1 April 2024

-

465,795

745,119

682

1,211,596

Charge for year

-

120,219

201,937

-

322,156

Eliminated on disposal

-

(78,454

)

-

-

(78,454

)

At 31 March 2025

-

507,560

947,056

682

1,455,298

NET BOOK VALUE

At 31 March 2025

120,516

680,896

807,750

-

1,609,162

At 31 March 2024

120,516

547,772

912,187

-

1,580,475

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

308,200

1,065,500

1,373,700

Additions

220,800

97,500

318,300

Transfer to ownership

-

(128,000

)

(128,000

)

At 31 March 2025

529,000

1,035,000

1,564,000

DEPRECIATION

At 1 April 2024

81,374

355,375

436,749

Charge for year

67,144

151,039

218,183

Transfer to ownership

-

(75,571

)

(75,571

)

At 31 March 2025

148,518

430,843

579,361

NET BOOK VALUE

At 31 March 2025

380,482

604,157

984,639

At 31 March 2024

226,826

710,125

936,951

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

342,133

315,642

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

262,920

225,405

Trade creditors

83,068

81,789

Corporation tax

73,483

138

Social security and other taxes

1,190

1,111

VAT

79,613

54,942

Directors' current accounts

194,965

189,258

Accruals

3,639

3,368

698,878

556,011

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

439,814

489,822

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

396,776

387,947

Deferred

tax

£

Balance at 1 April 2024

387,947

Accelerated capital allowances

8,829

Balance at 31 March 2025

396,776

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was charged £8,400 (2024 £8,400) for equipment hire, £8,400 (2024 £8,400) for office rent and £14,400 (2024 £0) for storage by a business in which the directors are partners.