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REGISTERED NUMBER: 09431528 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

J.S.Pipelines Limited

J.S.Pipelines Limited (Registered number: 09431528)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.S.Pipelines Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: J Smith
Miss N James





REGISTERED OFFICE: 43 Duncombe Street
Stourbridge
West Midlands
DY8 3QY





REGISTERED NUMBER: 09431528 (England and Wales)





ACCOUNTANTS: S R Higgs
Accountant
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ

J.S.Pipelines Limited (Registered number: 09431528)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,490 125,238

CURRENT ASSETS
Debtors 5 87,349 67,689
Cash at bank 51,902 81,741
139,251 149,430
CREDITORS
Amounts falling due within one year 6 135,013 163,334
NET CURRENT ASSETS/(LIABILITIES) 4,238 (13,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,728

111,334

CREDITORS
Amounts falling due after more than one
year

7

(12,526

)

(23,426

)

PROVISIONS FOR LIABILITIES 8 (30,372 ) (23,795 )
NET ASSETS 82,830 64,113

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,730 64,013
SHAREHOLDERS' FUNDS 82,830 64,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 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.

J.S.Pipelines Limited (Registered number: 09431528)

Balance Sheet - continued
5 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 7 August 2024 and were signed on its behalf by:




J Smith - Director



Miss N James - Director


J.S.Pipelines Limited (Registered number: 09431528)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

J.S.Pipelines 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.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

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 2 (2023 - 2 ) .

J.S.Pipelines Limited (Registered number: 09431528)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2023 62,885 173,425 3,522 239,832
Additions 3,450 23,995 2,704 30,149
At 5 April 2024 66,335 197,420 6,226 269,981
DEPRECIATION
At 6 April 2023 21,797 91,535 1,262 114,594
Charge for year 6,681 26,471 745 33,897
At 5 April 2024 28,478 118,006 2,007 148,491
NET BOOK VALUE
At 5 April 2024 37,857 79,414 4,219 121,490
At 5 April 2023 41,088 81,890 2,260 125,238

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 47,164 22,712
CIS tax recoverable 37,041 37,278
VAT 2,165 7,699
Prepayments 979 -
87,349 67,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 5,000 8,698
Trade creditors 8,226 8,563
Taxation and social security 22,494 8,077
Other creditors 93,293 131,996
135,013 163,334

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans 7,426 13,426
Hire purchase contracts 5,100 10,000
12,526 23,426

J.S.Pipelines Limited (Registered number: 09431528)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. PROVISIONS FOR LIABILITIES
5.4.24 5.4.23
£    £   
Deferred tax 30,372 23,795

Deferred
tax
£   
Balance at 6 April 2023 23,795
Provided during year 6,577
Balance at 5 April 2024 30,372

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the director, Mr J Smith, as he owns the majority of the issued share capital.