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REGISTERED NUMBER: 08834604 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Walpole Pipework Services Limited

Walpole Pipework Services Limited (Registered number: 08834604)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walpole Pipework Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W Walpole
D Walpole





REGISTERED OFFICE: Anson Road
Norwich Airport Industrial Estate
Norwich
NR6 6ED





REGISTERED NUMBER: 08834604 (England and Wales)





ACCOUNTANTS: Ian Couzens
Chartered Accountants
4 Denbigh Road
Norwich
NR2 3AA

Walpole Pipework Services Limited (Registered number: 08834604)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,202 29,719

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 234,500 287,185
Cash at bank 502,767 402,988
739,267 692,173
CREDITORS
Amounts falling due within one year 6 200,374 228,438
NET CURRENT ASSETS 538,893 463,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

557,095

493,454

CREDITORS
Amounts falling due after more than one year 7 (16,667 ) (25,833 )

PROVISIONS FOR LIABILITIES (4,600 ) (5,700 )
NET ASSETS 535,828 461,921

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 535,728 461,821
SHAREHOLDERS' FUNDS 535,828 461,921

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Walpole Pipework Services Limited (Registered number: 08834604)

Balance Sheet - continued
31 December 2023


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 15 May 2024 and were signed on its behalf by:





D Walpole - Director


Walpole Pipework Services Limited (Registered number: 08834604)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Walpole 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 the invoiced value of work done excluding value added tax.

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 etc: 20% or 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax and is recognized in the Income Statement.

Deferred tax
Deferred tax is recognized in respect of all timing differences that have originated but not reversed at the balance sheet date.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Walpole Pipework Services Limited (Registered number: 08834604)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 76,378
Additions 2,313
At 31 December 2023 78,691
DEPRECIATION
At 1 January 2023 46,659
Charge for year 13,830
At 31 December 2023 60,489
NET BOOK VALUE
At 31 December 2023 18,202
At 31 December 2022 29,719

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 234,500 286,066
Other debtors - 1,119
234,500 287,185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 1,839
Trade creditors 55,717 51,280
Taxation and social security 99,000 132,000
Other creditors 35,657 33,319
200,374 228,438

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 16,667 25,833

8. CONTROLLING PARTY

The controlling parties are D Walpole and W Walpole.