Industrial Pipe Systems Utilities Ltd 11094331 true 2021-01-01 2021-12-31 2021-12-31 The principal activity of the company is Industrial pipe systems Digita Accounts Production Advanced 6.30.9574.0 true M M Read 11094331 2021-01-01 2021-12-31 11094331 2021-12-31 11094331 bus:OrdinaryShareClass2 2021-12-31 11094331 core:RetainedEarningsAccumulatedLosses 2021-12-31 11094331 core:ShareCapital 2021-12-31 11094331 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 11094331 bus:FRS102 2021-01-01 2021-12-31 11094331 bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11094331 bus:FullAccounts 2021-01-01 2021-12-31 11094331 bus:RegisteredOffice 2021-01-01 2021-12-31 11094331 bus:Director1 2021-01-01 2021-12-31 11094331 bus:OrdinaryShareClass2 2021-01-01 2021-12-31 11094331 bus:EntityHasNeverTraded 2021-01-01 2021-12-31 11094331 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 11094331 countries:AllCountries 2021-01-01 2021-12-31 11094331 2020-01-01 2020-12-31 11094331 2020-12-31 11094331 bus:OrdinaryShareClass2 2020-12-31 11094331 core:RetainedEarningsAccumulatedLosses 2020-12-31 11094331 core:ShareCapital 2020-12-31 11094331 core:CurrentFinancialInstruments core:WithinOneYear 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11094331

The option to file Filleted Accounts has been selected.
Please correct this via the Summary tab within the General section.

Industrial Pipe Systems Utilities Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

 

Industrial Pipe Systems Utilities Ltd

Profit and Loss Account for the Year Ended 31 December 2021

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Industrial Pipe Systems Utilities Ltd

(Registration number: 11094331)
Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Creditors: Amounts falling due within one year

4

(9)

(9)

Capital and reserves

 

Called up share capital

5

1

1

Retained earnings

(10)

(10)

Shareholders' deficit

 

(9)

(9)

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 6 September 2022
 

.........................................
M M Read
Director

 

Industrial Pipe Systems Utilities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
69 Bury Road
Gosport
Hampshire
PO12 3PR
United Kingdom

These financial statements were authorised for issue by the director on 6 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:

 

Industrial Pipe Systems Utilities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

2021
No.

2020
No.

Administration and support

1

1

1

1

4

Creditors

Note

2021
£

2020
£

Due within one year

 

Amounts due to related parties

9

9

5

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary £1 of £1 each

1

1

1

1