Company Registration No. 11018688 (England and Wales)
TIPTREE AUTOSALES LTD
Unaudited accounts
for the year ended 31 October 2019
TIPTREE AUTOSALES LTD
Unaudited accounts
Contents
TIPTREE AUTOSALES LTD
Company Information
for the year ended 31 October 2019
Company Number
11018688 (England and Wales)
Registered Office
1 TOWER BUSINESS PARK
KELVEDON ROAD
TIPTREE
CO5 0LX
UNITED KINGDOM
Accountants
Major's Accounts & Co Ltd
118 Sydenham Road
Sydenham
London
SE26 5JX
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
TIPTREE AUTOSALES LTD
for the year ended 31 October 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
TIPTREE AUTOSALES LTD for the year ended
31 October 2019 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of TIPTREE AUTOSALES LTD, as a body, in accordance with the terms of our engagement letter dated 18 October 2017. Our work has been undertaken solely to prepare for your approval the accounts of TIPTREE AUTOSALES LTD and state those matters that we have agreed to state to the Board of Directors of TIPTREE AUTOSALES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TIPTREE AUTOSALES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TIPTREE AUTOSALES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of TIPTREE AUTOSALES LTD. You consider that TIPTREE AUTOSALES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TIPTREE AUTOSALES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Major's Accounts & Co Ltd
Chartered Certified Accountants
118 Sydenham Road
Sydenham
London
SE26 5JX
1 October 2020
TIPTREE AUTOSALES LTD
Statement of financial position
as at
31 October 2019
Tangible assets
11,543
23,468
Inventories
74,883
84,660
Cash at bank and in hand
30,024
16,606
Creditors: amounts falling due within one year
(114,981)
(123,879)
Net current liabilities
(9,988)
(22,613)
Called up share capital
1
1
Profit and loss account
1,554
854
Shareholders' funds
1,555
855
For the year ending 31 October 2019 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 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 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 and authorised for issue on 1 October 2020 and were signed on its behalf by
Elidon Laho
Director
Company Registration No. 11018688
TIPTREE AUTOSALES LTD
Notes to the Accounts
for the year ended 31 October 2019
TIPTREE AUTOSALES LTD is a private company, limited by shares, registered in England and Wales, registration number 11018688. The registered office is 1 TOWER BUSINESS PARK, KELVEDON ROAD, TIPTREE, CO5 0LX, UNITED KINGDOM.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance metod
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 1 November 2018
28,620
At 31 October 2019
13,884
Charge for the year
3,534
At 31 October 2019
11,543
At 31 October 2018
23,468
Work in progress
74,883
84,660
TIPTREE AUTOSALES LTD
Notes to the Accounts
for the year ended 31 October 2019
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
6,413
1,026
Amounts owed to group undertakings and other participating interests
-
9,583
Taxes and social security
13,969
4,653
Loans from directors
89,852
107,617
8
Average number of employees
During the year the average number of employees was 1 (2018: 1).