Company Registration Number 03537018 (England and Wales)
PIPETECH SERVICES LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
PIPETECH SERVICES LTD.
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PIPETECH SERVICES LTD. FOR THE YEAR ENDED 31 MARCH 2023
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pipetech Services Ltd. for the year ended 31 March 2023, which comprise the balance sheet, 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 at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Pipetech Services Ltd., as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pipetech Services Ltd. and state those matters that we have agreed to state to the Board of Directors of Pipetech Services Ltd., as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pipetech Services Ltd. and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Pipetech Services Ltd. 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 Pipetech Services Ltd.. You consider that Pipetech Services 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 financial statements of Pipetech Services 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 financial statements.
Carpenter Box
16 November 2023
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
PIPETECH SERVICES LTD.
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
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2023
2022
£
£
£
£
Fixed assets
5,406
4,652
Current assets
28,388
92,331
Creditors: amounts falling due within one year
(34,147)
(82,179)
Net current (liabilities)/assets
(5,759)
10,152
Total assets less current liabilities
(353)
14,804
Net (liabilities)/assets
(353)
14,804
Capital and reserves
(353)
14,804
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
At 31 March 2023, the director owed the company £10,819 (2022 - £0).
During the year, the company paid dividends in excess of the profits available for distribution. The director will reduce future dividends in order to restore the balance sheet to a positive position.
2
Employees
The average number of persons (including directors) employed by the company during the year was 1 (2022 - 2).
Pipetech Services Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is 39 Amberley Drive, Goring-by-Sea, Worthing, West Sussex, BN12 4QH.
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
PIPETECH SERVICES LTD.
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
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The financial statements were approved by the board of directors and authorised for issue on 16 November 2023 and are signed on its behalf by:
Mr T L Coughlan
Mrs A J Coughlan
Director
Director
Company Registration Number 03537018