ADVANCE INDUSTRIAL PIPEWORK LTD

Company Registration Number:
11017108 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

ADVANCE INDUSTRIAL PIPEWORK LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

ADVANCE INDUSTRIAL PIPEWORK LTD

Company Information

for the Period Ended 31 October 2023




Director: Miss M Wightman
S Payne
M Scaife
B Thornton
Registered office: 13
Albion Road
Carlton
Barnsley
England
S71 3HW
Company Registration Number: 11017108 (England and Wales)

ADVANCE INDUSTRIAL PIPEWORK LTD

Directors' Report Period Ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal Activities

The principal activity of the company in the year under review was that of installers of industrial pipework.

Directors

The directors shown below have held office during the whole of the period from 01 November 2022 to 31 October 2023
Miss M Wightman
S Payne
M Scaife
B Thornton

This report was approved by the board of directors on 30 July 2024
And Signed On Behalf Of The Board By:

Name: S Payne
Status: Director

ADVANCE INDUSTRIAL PIPEWORK LTD

Balance sheet

As at 31 October 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 70,843 59,119
Total fixed assets: 70,843 59,119
Current assets
Debtors: 464,544 550,567
Cash at bank and in hand: 444,551 139,020
Total current assets: 909,095 689,587
Creditors: amounts falling due within one year: 5 ( 424,972 ) ( 381,109 )
Net current assets (liabilities): 484,123 308,478
Total assets less current liabilities: 554,966 367,597
Provision for liabilities: ( 15,954 ) ( 11,233 )
Total net assets (liabilities): 539,012 356,364

The notes form part of these financial statements

ADVANCE INDUSTRIAL PIPEWORK LTD

Balance sheet continued

As at 31 October 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 300 300
Profit and loss account: 538,712 356,064
Shareholders funds: 539,012 356,364

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 July 2024
And Signed On Behalf Of The Board By:

Name: S Payne
Status: Director

The notes form part of these financial statements

ADVANCE INDUSTRIAL PIPEWORK LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

    Plant and machinery - 10% on written down value
    Fixtures and fittings - 10% on written down value
    Motor vehicles - 25% on written down value
    Computer equipment - 33% straight line

    Other accounting policies

    *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 and 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 is recognised in respect of all timing difference 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. *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.

ADVANCE INDUSTRIAL PIPEWORK LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 14 12

ADVANCE INDUSTRIAL PIPEWORK LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 3. Off balance sheet disclosure

    No

ADVANCE INDUSTRIAL PIPEWORK LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible Assets

Total
Cost £
At 01 November 2022 105,646
Additions 40,485
Disposals (13,749)
Revaluations -
Transfers -
At 31 October 2023 132,382
Depreciation
At 01 November 2022 46,527
Charge for year 21,026
On disposals (6,014)
Other adjustments -
At 31 October 2023 61,539
Net book value
At 31 October 2023 70,843
At 31 October 2022 59,119

ADVANCE INDUSTRIAL PIPEWORK LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

The balance sheet total of £424,972 (2022 £381,109) can be broken down as follows:-

Bank loans and overdrafts - 2023 - £27,500 / 2022 - £37,500
Trade creditors - 2023 - £145,106 / 2022 - £83,231
Credit card - 2023 - £4,039 / 2022 - £4,664
Pensions - 2023 - £2,415 / 2022 - £1,803
Tax - 2023 - £135,876 / 2022 - £92,712
Social security and other taxes - 2023 - £Nil / 2022 - £8,978
VAT - 2023 - £110,336 / 2022 - £151,321
Miss M Wightman - 2023 - (£100) / 2022 - (£100)
S Payne - 2023 - (£100) / 2022 - (£100)
B Thornton - 2023 - (£100) / 2022 - (£100)
Accrued expenses - 2023 - £Nil / 2022 - £1,200