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REGISTERED NUMBER: 11097474 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JANUARY 2023 TO 31ST MARCH 2024

FOR

ALL PIPE SERVICES LTD

ALL PIPE SERVICES LTD (REGISTERED NUMBER: 11097474)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALL PIPE SERVICES LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024







DIRECTOR: Mr M T Coleman





REGISTERED OFFICE: 139-141 Watling Street
Gillingham
Kent
ME7 2YY





REGISTERED NUMBER: 11097474 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

ALL PIPE SERVICES LTD (REGISTERED NUMBER: 11097474)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,773 5,910

CURRENT ASSETS
Stocks 29,301 5,462
Debtors 5 1,028,715 443,747
Cash at bank 553,054 232,705
1,611,070 681,914
CREDITORS
Amounts falling due within one year 6 688,955 268,569
NET CURRENT ASSETS 922,115 413,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

957,888

419,255

CREDITORS
Amounts falling due after more than one
year

7

(27,981

)

(24,192

)

PROVISIONS FOR LIABILITIES (8,414 ) -
NET ASSETS 921,493 395,063

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 921,393 394,963
921,493 395,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 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.

ALL PIPE SERVICES LTD (REGISTERED NUMBER: 11097474)

BALANCE SHEET - continued
31ST MARCH 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 director and authorised for issue on 6th June 2024 and were signed by:





Mr M T Coleman - Director


ALL PIPE SERVICES LTD (REGISTERED NUMBER: 11097474)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024

1. STATUTORY INFORMATION

All Pipe Services Ltd 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 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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 period 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 period 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.

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.

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.

ALL PIPE SERVICES LTD (REGISTERED NUMBER: 11097474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 - - - 11,709 11,709
Additions 567 2,752 32,261 2,643 38,223
At 31st March 2024 567 2,752 32,261 14,352 49,932
DEPRECIATION
At 1st January 2023 - - - 5,799 5,799
Charge for period 99 507 5,940 1,814 8,360
At 31st March 2024 99 507 5,940 7,613 14,159
NET BOOK VALUE
At 31st March 2024 468 2,245 26,321 6,739 35,773
At 31st December 2022 - - - 5,910 5,910

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade debtors 726,242 358,755
Other debtors 302,473 84,992
1,028,715 443,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Bank loans and overdrafts 10,648 10,649
Hire purchase contracts 2,661 -
Trade creditors 304,838 111,651
Taxation and social security 266,240 96,009
Other creditors 104,568 50,260
688,955 268,569

ALL PIPE SERVICES LTD (REGISTERED NUMBER: 11097474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.12.22
£    £   
Bank loans 11,791 24,192
Hire purchase contracts 16,190 -
27,981 24,192