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REGISTERED NUMBER: 07003851 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pipeline Precision Engineering Ltd

Pipeline Precision Engineering Ltd (Registered number: 07003851)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pipeline Precision Engineering Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Hannar
A Wild





REGISTERED OFFICE: Slipways
Dockside Road
Middlesbrough
TS3 8AT





REGISTERED NUMBER: 07003851 (England and Wales)





ACCOUNTANTS: HP Accountants
2 Rose Terrace
Pelton Fell
Chester le street
DH2 2QZ

Pipeline Precision Engineering Ltd (Registered number: 07003851)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 41,740 55,450
41,740 55,450

CURRENT ASSETS
Debtors 6 609,207 475,962
Cash at bank and in hand 14,756 118,714
623,963 594,676
CREDITORS
Amounts falling due within one year 7 112,567 46,856
NET CURRENT ASSETS 511,396 547,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,136

603,270

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 553,086 603,220
553,136 603,270

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

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

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 30 September 2024 and were signed on its behalf by:




S Hannar - Director


Pipeline Precision Engineering Ltd (Registered number: 07003851)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Pipeline Precision Engineering 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% 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.

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 (2023 - 2 ) .

Pipeline Precision Engineering Ltd (Registered number: 07003851)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 19,500
AMORTISATION
At 1 April 2023
and 31 March 2024 19,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 204,769
DEPRECIATION
At 1 April 2023 149,319
Charge for year 13,710
At 31 March 2024 163,029
NET BOOK VALUE
At 31 March 2024 41,740
At 31 March 2023 55,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,634 51,635
Amounts recoverable on contract 50,803 50,803
Other debtors 550,770 373,524
609,207 475,962

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,159 -
Trade creditors 16,091 44,216
Other creditors 91,317 2,640
112,567 46,856

Pipeline Precision Engineering Ltd (Registered number: 07003851)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

31.3.24 31.3.23
£    £   
S Hannar
Balance outstanding at start of year (3,562 ) 802
Amounts advanced - (4,681 )
Amounts repaid - 317
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,562 ) (3,562 )