T - Miniskips Limited - Filleted accounts

Registered number

02215602

T - Miniskips Limited

Filleted Accounts

30 April 2025

T - Miniskips Limited
Registered number:		02215602
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		868,951			892,166

Current assets
Debtors	5	21,750			61,200
Cash at bank and in hand		476,611			329,272
		498,361			390,472

Creditors: amounts falling due within one year	6	(730,291)			(700,719)

Net current liabilities			(231,930)			(310,247)

Total assets less current liabilities			637,021			581,919


Provisions for liabilities			(17,554)			(23,358)


Net assets			619,467			558,561

Capital and reserves
Called up share capital			100			100
Profit and loss account			619,367			558,461

Shareholders' funds			619,467			558,561

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.




Mr T Adams
Director
Approved by the board on 16 January 2026

T - Miniskips Limited
Notes to the Accounts
for the year ended 30 April 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Leasehold land and buildings			over the lease term
	Plant and machinery			25% reducing balance
	Fixtures, fittings, tools and equipment			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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					3		4


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 May 2024							36,000
	At 30 April 2025							36,000

	Amortisation
	At 1 May 2024							36,000
	At 30 April 2025							36,000

	Net book value
	At 30 April 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2024	798,736		197,003		454,649		1,450,388
	Additions	-		142		-		142
	At 30 April 2025	798,736		197,145		454,649		1,450,530

	Depreciation
	At 1 May 2024	-		178,783		379,439		558,222
	Charge for the year	-		4,555		18,802		23,357
	At 30 April 2025	-		183,338		398,241		581,579

	Net book value
	At 30 April 2025	798,736		13,807		56,408		868,951
	At 30 April 2024	798,736		18,220		75,210		892,166


5	Debtors					2025		2024
£							£

	Trade debtors					17,763		54,853
	Other debtors					3,987		6,347
						21,750		61,200


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

	Trade creditors					20,186		-
	Taxation and social security costs					39,654		27,264
	Other creditors					670,451		673,455
						730,291		700,719


7	Other information

	T - Miniskips Limited is a private company limited by shares and incorporated in England. Its registered office is:
	17 Netley Road
	Titchfield Common
	Fareham
	Hampshire
	PO14 4PE