Pipril Limited
Registered number: 09462662
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 358 248
Current assets
Debtors 4 7,584 11,347
Cash at bank and in hand 20,582 35,343
28,166 46,690
Creditors: amounts falling due within one year 5 (20,543) (32,118)
Net current assets 7,623 14,572
Total assets less current liabilities 7,981 14,820
Creditors: amounts falling due after more than one year 6 - (5,304)
Net assets 7,981 9,516
Capital and reserves
Called up share capital 11 11
Profit and loss account 7,970 9,505
Shareholders' funds 7,981 9,516
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Barry Lane
Director
Approved by the board on 6 April 2024
Pipril Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 424 130 554
Additions 230 - 230
At 31 March 2024 654 130 784
Depreciation
At 1 April 2023 186 120 306
Charge for the year 117 3 120
At 31 March 2024 303 123 426
Net book value
At 31 March 2024 351 7 358
At 31 March 2023 238 10 248
4 Debtors 2024 2023
£ £
Trade debtors - 1,287
Other debtors 7,584 10,060
7,584 11,347
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 10
Directors loan 16,827 25,854
Corporation tax 2,716 4,057
Other taxes and social security costs - 232
Other creditors 1,000 1,965
20,543 32,118
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 5,304
7 Other information
Pipril Limited is a private company limited by shares and incorporated in England. Its registered office is:
65 Eastfields
Folkestone
Kent
CT19 5RT
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