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REGISTERED NUMBER: 05170680 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 April 2024

for

Ramsden Pipework Services Limited

Ramsden Pipework Services Limited (Registered number: 05170680)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ramsden Pipework Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A J Penny
A Gazzard





SECRETARY: A Gazzard





REGISTERED OFFICE: 75 Springfield Road
Chelmsford
Essex
CM2 6JB





REGISTERED NUMBER: 05170680 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

Ramsden Pipework Services Limited (Registered number: 05170680)

Balance Sheet
30 April 2024

30.4.23 30.4.24
£    £    Notes £    £   
FIXED ASSETS
31,989 Tangible assets 4 48,389

CURRENT ASSETS
265,731 Debtors 5 86,140
120,792 Cash at bank 109,565
386,523 195,705
CREDITORS
186,898 Amounts falling due within one year 6 66,895
199,625 NET CURRENT ASSETS 128,810
231,614 TOTAL ASSETS LESS CURRENT
LIABILITIES

177,199

CREDITORS
(36,927 ) Amounts falling due after more than one
year

7

(29,945

)

(7,997 ) PROVISIONS FOR LIABILITIES (5,960 )
186,690 NET ASSETS 141,294

CAPITAL AND RESERVES
100 Called up share capital 9 100
186,590 Retained earnings 141,194
186,690 SHAREHOLDERS' FUNDS 141,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Ramsden Pipework Services Limited (Registered number: 05170680)

Balance Sheet - continued
30 April 2024


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 3 June 2024 and were signed on its behalf by:





A J Penny - Director


Ramsden Pipework Services Limited (Registered number: 05170680)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Ramsden 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.

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 represents net invoiced work done and services, excluding value added tax and also recognises work carried out up to, but not invoiced, at the balance sheet date where the company has obtained the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 25% on reducing balance

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Ramsden Pipework Services Limited (Registered number: 05170680)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 53,930
Additions 28,325
At 30 April 2024 82,255
DEPRECIATION
At 1 May 2023 21,941
Charge for year 11,925
At 30 April 2024 33,866
NET BOOK VALUE
At 30 April 2024 48,389
At 30 April 2023 31,989

Ramsden Pipework Services Limited (Registered number: 05170680)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 28,325
At 30 April 2024 28,325
DEPRECIATION
Charge for year 3,777
At 30 April 2024 3,777
NET BOOK VALUE
At 30 April 2024 24,548

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 67,243 261,620
Other debtors 18,897 4,111
86,140 265,731

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,204 9,952
Finance leases 3,543 -
Trade creditors 24,776 110,299
Taxation and social security 2,506 39,620
Other creditors 25,866 27,027
66,895 186,898

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 12,231 22,435
Finance leases 17,714 -
Other creditors - 14,492
29,945 36,927

Ramsden Pipework Services Limited (Registered number: 05170680)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Finance leases 21,257 -
Other creditors 14,492 32,344
35,749 32,344

The directors have provided the lender with a personal guarantee relating to the other creditor loan.

The finance lease is secured on the leased asset.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100