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REGISTERED NUMBER: 06506556 (England and Wales)










Financial Statements

for the Year Ended 31 March 2023

for

Pipeworks Mechanical Services
(South East) Limited

Pipeworks Mechanical Services
(South East) Limited (Registered number: 06506556)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pipeworks Mechanical Services
(South East) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M A Hartridge





SECRETARY: Mrs D Hartridge





REGISTERED OFFICE: Mill House, Hothfield Mill
Maidstone Road
Hothfield
Ashford
Kent
TN26 1AE





REGISTERED NUMBER: 06506556 (England and Wales)





ACCOUNTANTS: Beverton & Co.
Chartered Accountants
Maybrook House
York Street
Dover
Kent
CT17 9FA

Pipeworks Mechanical Services
(South East) Limited (Registered number: 06506556)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,112 16,891

CURRENT ASSETS
Stocks 305,883 188,800
Debtors 5 304,908 323,202
Cash at bank 44,137 21,563
654,928 533,565
CREDITORS
Amounts falling due within one year 6 458,325 360,427
NET CURRENT ASSETS 196,603 173,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,715

190,029

PROVISIONS FOR LIABILITIES 3,441 3,209
NET ASSETS 211,274 186,820

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 211,074 186,620
SHAREHOLDERS' FUNDS 211,274 186,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Pipeworks Mechanical Services
(South East) Limited (Registered number: 06506556)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





M A Hartridge - Director


Pipeworks Mechanical Services
(South East) Limited (Registered number: 06506556)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Pipeworks Mechanical Services (South East) 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.
Plant and machinery etc - 25% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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.

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 13 (2022 - 13 ) .

Pipeworks Mechanical Services
(South East) Limited (Registered number: 06506556)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 77,854
Additions 6,300
At 31 March 2023 84,154
DEPRECIATION
At 1 April 2022 60,963
Charge for year 5,079
At 31 March 2023 66,042
NET BOOK VALUE
At 31 March 2023 18,112
At 31 March 2022 16,891

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 239,147 265,424
Other debtors 65,761 57,778
304,908 323,202

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 240,054 140,125
Taxation and social security 22,457 23,348
Other creditors 195,814 196,954
458,325 360,427

7. RELATED PARTY DISCLOSURES

The company is owned and controlled by the director and secretary.