IRIS Accounts Production v23.3.1.45 03108562 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031085622022-11-30031085622023-11-30031085622022-12-012023-11-30031085622021-11-30031085622021-12-012022-11-30031085622022-11-3003108562ns10:Originalns15:EnglandWales2022-12-012023-11-3003108562ns14:PoundSterlingns10:Original2022-12-012023-11-3003108562ns10:Originalns10:Director12022-12-012023-11-3003108562ns10:Original2022-12-012023-11-3003108562ns10:Original2023-11-3003108562ns10:Originalns10:PrivateLimitedCompanyLtd2022-12-012023-11-3003108562ns10:Originalns10:SmallEntities2022-12-012023-11-3003108562ns10:Originalns10:AuditExemptWithAccountantsReport2022-12-012023-11-3003108562ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3003108562ns10:SmallCompaniesRegimeForAccountsns10:Original2022-12-012023-11-3003108562ns10:Originalns10:AbridgedAccounts2022-12-012023-11-3003108562ns10:Originalns10:Director22022-12-012023-11-3003108562ns10:CompanySecretary1ns10:Original2022-12-012023-11-3003108562ns10:Originalns10:RegisteredOffice2022-12-012023-11-3003108562ns10:Original2022-11-3003108562ns10:Originalns5:CurrentFinancialInstruments2023-11-3003108562ns10:Originalns5:CurrentFinancialInstruments2022-11-3003108562ns5:ShareCapitalns10:Original2023-11-3003108562ns5:ShareCapitalns10:Original2022-11-3003108562ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-11-3003108562ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-3003108562ns10:Originalns5:PlantMachinery2022-12-012023-11-3003108562ns10:Originalns5:FurnitureFittings2022-12-012023-11-3003108562ns10:Originalns5:MotorVehicles2022-12-012023-11-3003108562ns10:Originalns5:ComputerEquipment2022-12-012023-11-3003108562ns10:Original2021-12-012022-11-3003108562ns10:Original2022-11-3003108562ns10:Original12022-12-012023-11-30
REGISTERED NUMBER: 03108562 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Pipetech Mechanical Limited

Pipetech Mechanical Limited (Registered number: 03108562)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Pipetech Mechanical Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr R A Allen
Mr A W Byng





SECRETARY: Mr A W Byng





REGISTERED OFFICE: 1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL





REGISTERED NUMBER: 03108562 (England and Wales)





ACCOUNTANTS: Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL

Pipetech Mechanical Limited (Registered number: 03108562)

Abridged Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,526 12,775

CURRENT ASSETS
Debtors 323,534 226,275
Cash at bank 200,270 223,500
523,804 449,775
CREDITORS
Amounts falling due within one year 306,081 270,032
NET CURRENT ASSETS 217,723 179,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,249

192,518

PROVISIONS FOR LIABILITIES 6,119 3,117
NET ASSETS 239,130 189,401

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 238,830 189,101
SHAREHOLDERS' FUNDS 239,130 189,401

Pipetech Mechanical Limited (Registered number: 03108562)

Abridged Balance Sheet - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2024 and were signed on its behalf by:





Mr A W Byng - Director


Pipetech Mechanical Limited (Registered number: 03108562)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Pipetech Mechanical 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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

Debtors
Debtors include the contractual value of work in progress.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Pipetech Mechanical Limited (Registered number: 03108562)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 88,972
Additions 25,594
Disposals (16,495 )
At 30 November 2023 98,071
DEPRECIATION
At 1 December 2022 76,197
Charge for year 10,843
Eliminated on disposal (16,495 )
At 30 November 2023 70,545
NET BOOK VALUE
At 30 November 2023 27,526
At 30 November 2022 12,775

5. CONTINGENT LIABILITIES

There were no material contingent liabilities at the year end.


6. POST BALANCE SHEET EVENTS

There were no material post balance sheet events at the trading year end.


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pipetech Mechanical Limited

The following reproduces the text of the report prepared for the directors 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 Abridged Income Statement and certain other primary statements and the Report of the Directors 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 Pipetech Mechanical Limited for the year ended 30 November 2023 which comprise the Abridged Income Statement, Abridged 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 Board of Directors of Pipetech Mechanical Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pipetech Mechanical Limited and state those matters that we have agreed to state to the Board of Directors of Pipetech Mechanical Limited, as a body, 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 Pipetech Mechanical Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pipetech Mechanical 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 Pipetech Mechanical Limited. You consider that Pipetech Mechanical 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 Pipetech Mechanical 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.






Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL


29 January 2024