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REGISTERED NUMBER: 07119906 (England and Wales)






Unaudited Financial Statements

for the Year Ended 31st January 2022

for

Stainless Pipeline Solutions Limited

Stainless Pipeline Solutions Limited (Registered number: 07119906)

Contents of the Financial Statements
for the Year Ended 31st January 2022










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Stainless Pipeline Solutions Limited

Company Information
for the Year Ended 31st January 2022







DIRECTOR: K J Atherton





SECRETARY: Mrs L E Atherton





REGISTERED OFFICE: 34 Pearson Street
Cradley Heath
West Midlands
B64 6ED





REGISTERED NUMBER: 07119906 (England and Wales)





ACCOUNTANTS: Neil Westwood & Co.
Chartered Accountants
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Stainless Pipeline Solutions Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stainless Pipeline Solutions Limited for the year ended 31st January 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Stainless Pipeline Solutions Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stainless Pipeline Solutions Limited and state those matters that we have agreed to state to the director of Stainless Pipeline Solutions Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stainless Pipeline Solutions Limited and its director for our work or for this report.

It is your duty to ensure that Stainless Pipeline Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stainless Pipeline Solutions Limited. You consider that Stainless Pipeline Solutions Limited 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 financial statements of Stainless Pipeline Solutions Limited. 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 financial statements.






Neil Westwood & Co.
Chartered Accountants
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ


5th September 2022

Stainless Pipeline Solutions Limited (Registered number: 07119906)

Balance Sheet
31st January 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,837 11,676

CURRENT ASSETS
Stocks 4,901 3,993
Debtors 5 71,755 49,471
Cash at bank 87,754 116,108
164,410 169,572
CREDITORS
Amounts falling due within one year 6 75,945 55,139
NET CURRENT ASSETS 88,465 114,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,302

126,109

PROVISIONS FOR LIABILITIES 10,229 2,327
NET ASSETS 132,073 123,782

CAPITAL AND RESERVES
Called up share capital 4,163 4,163
Retained earnings 127,910 119,619
SHAREHOLDERS' FUNDS 132,073 123,782

Stainless Pipeline Solutions Limited (Registered number: 07119906)

Balance Sheet - continued
31st January 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th September 2022 and were signed by:





K J Atherton - Director


Stainless Pipeline Solutions Limited (Registered number: 07119906)

Notes to the Financial Statements
for the Year Ended 31st January 2022


1. STATUTORY INFORMATION

Stainless Pipeline Solutions Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Stainless Pipeline Solutions Limited (Registered number: 07119906)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2022


2. ACCOUNTING POLICIES - continued
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
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 1 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st February 2021 12,200 2,074 14,274
Additions 47,997 316 48,313
At 31st January 2022 60,197 2,390 62,587
DEPRECIATION
At 1st February 2021 1,906 692 2,598
Charge for year 5,573 579 6,152
At 31st January 2022 7,479 1,271 8,750
NET BOOK VALUE
At 31st January 2022 52,718 1,119 53,837
At 31st January 2021 10,294 1,382 11,676

Stainless Pipeline Solutions Limited (Registered number: 07119906)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 71,306 49,022
Other debtors 449 449
71,755 49,471

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 47,943 43,183
Taxation and social security 3,874 10,283
Other creditors 24,128 1,673
75,945 55,139

7. ULTIMATE CONTROLLING PARTY

The controlling party is K J Atherton.