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REGISTERED NUMBER: 00956439 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Pipework And Welding Services Limited

Pipework And Welding Services Limited (Registered number: 00956439)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Pipework And Welding Services Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S P Boardman
J Boardman
P M Boardman





SECRETARY: Mrs C V Boardman





REGISTERED OFFICE: Unit 1 Aerial Business Park
Lambourn Woodlands
Hungerford
Berkshire
RG17 7RZ





REGISTERED NUMBER: 00956439 (England and Wales)





ACCOUNTANTS: Pascal Canelle Ltd
73 Stoneleigh Broadway
Epsom
Surrey
KT17 2HP

Pipework And Welding Services Limited (Registered number: 00956439)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 587,891 587,909

CURRENT ASSETS
Debtors 5 76,079 1,940
Cash at bank 130,084 236,009
206,163 237,949
CREDITORS
Amounts falling due within one year 6 9,968 30,444
NET CURRENT ASSETS 196,195 207,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

784,086

795,414

CREDITORS
Amounts falling due after more than
one year

7

35,050

78,383
NET ASSETS 749,036 717,031

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 699,036 667,031
749,036 717,031

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

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

Pipework And Welding Services Limited (Registered number: 00956439)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by:





S P Boardman - Director


Pipework And Welding Services Limited (Registered number: 00956439)

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

1. STATUTORY INFORMATION

Pipework And Welding Services 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

Pipework And Welding Services Limited (Registered number: 00956439)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 671,467 370 671,837
DEPRECIATION
At 1 June 2022 83,619 309 83,928
Charge for year - 18 18
At 31 May 2023 83,619 327 83,946
NET BOOK VALUE
At 31 May 2023 587,848 43 587,891
At 31 May 2022 587,848 61 587,909

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 76,079 1,940

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,744 2,043
Taxation and social security 7,511 27,736
Other creditors 713 665
9,968 30,444

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 35,050 42,279
Other creditors - 36,104
35,050 78,383

Pipework And Welding Services Limited (Registered number: 00956439)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 35,050 42,279

Pipework And Welding Services Limited

Report of the Accountants to the Directors of
Pipework And Welding Services 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 Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Pascal Canelle Ltd
73 Stoneleigh Broadway
Epsom
Surrey
KT17 2HP


1 February 2024