Company Registration No. 07160354 (England and Wales)
TIPPERS CLASSIC & VINTAGE PLATES LIMITED
Unaudited accounts
for the year ended 30 June 2023
TIPPERS CLASSIC & VINTAGE PLATES LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
2,398
2,999
Cash at bank and in hand
342
9,829
Creditors: amounts falling due within one year
(15,768)
(12,967)
Net current assets
3,945
17,503
Total assets less current liabilities
6,343
20,502
Creditors: amounts falling due after more than one year
(212,500)
(212,500)
Net liabilities
(206,157)
(191,998)
Called up share capital
10,000
10,000
Profit and loss account
(216,157)
(201,998)
Shareholders' funds
(206,157)
(191,998)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by
Mr A D Waller
Director
Company Registration No. 07160354
TIPPERS CLASSIC & VINTAGE PLATES LIMITED
Notes to the Accounts
for the year ended 30 June 2023
TIPPERS CLASSIC & VINTAGE PLATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07160354.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
TIPPERS CLASSIC & VINTAGE PLATES LIMITED
Notes to the Accounts
for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2022
65,675
10,250
75,925
At 30 June 2023
65,675
10,250
75,925
At 1 July 2022
62,676
10,250
72,926
Charge for the year
601
-
601
At 30 June 2023
63,277
10,250
73,527
At 30 June 2023
2,398
-
2,398
At 30 June 2022
2,999
-
2,999
Amounts falling due within one year
Accrued income and prepayments
1,613
1,294
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,106
-
Trade creditors
6,152
4,562
Taxes and social security
5,096
5,800
Loans from directors
1,514
1,730
8
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
212,500
212,500
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
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Transactions with related parties
No loans were made in the year.
TIPPERS CLASSIC & VINTAGE PLATES LIMITED
Notes to the Accounts
for the year ended 30 June 2023
Mr M F Waller is considered to be the company's controlling party, he is a director of the company and of the holding company Aclind Limited, in which he owns 50% of the issued shares.
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Average number of employees
During the year the average number of employees was 3 (2022: 3).
