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REGISTERED NUMBER: 05588486 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

P & J PIPEWORK SERVICES LIMITED

P & J PIPEWORK SERVICES LIMITED (REGISTERED NUMBER: 05588486)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P & J PIPEWORK SERVICES LIMITED

Company Information
for the year ended 31 October 2023







Director: Mr P M Araniello





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 05588486 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

P & J PIPEWORK SERVICES LIMITED (REGISTERED NUMBER: 05588486)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
Current assets
Stocks 1,095 1,095
Debtors 6 71 170
1,166 1,265
Creditors
Amounts falling due within one year 7 69,532 71,514
Net current liabilities (68,366 ) (70,249 )
Total assets less current liabilities (68,366 ) (70,249 )

Creditors
Amounts falling due after more than one
year

8

3,186

5,103
Net liabilities (71,552 ) (75,352 )

Capital and reserves
Called up share capital 9 1 1
Retained earnings (71,553 ) (75,353 )
Shareholders' funds (71,552 ) (75,352 )

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





Mr P M Araniello - Director


P & J PIPEWORK SERVICES LIMITED (REGISTERED NUMBER: 05588486)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

P & J Pipework 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on going concern basis owing to the continued financial support of the director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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 - 25% on reducing balance

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


P & J PIPEWORK SERVICES LIMITED (REGISTERED NUMBER: 05588486)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 November 2022
and 31 October 2023 25,000
Amortisation
At 1 November 2022
and 31 October 2023 25,000
Net book value
At 31 October 2023 -
At 31 October 2022 -

5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 November 2022
and 31 October 2023 2,142
Depreciation
At 1 November 2022
and 31 October 2023 2,142
Net book value
At 31 October 2023 -
At 31 October 2022 -

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 71 170

P & J PIPEWORK SERVICES LIMITED (REGISTERED NUMBER: 05588486)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 1,268 94
Trade creditors 1,127 1,211
Taxation and social security 300 950
Other creditors 66,837 69,259
69,532 71,514

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 3,186 5,103

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr P M Araniello
Balance outstanding at start of year (64,592 ) (63,497 )
Amounts advanced 13,258 6,326
Amounts repaid (9,862 ) (7,421 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (61,196 ) (64,592 )