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REGISTERED NUMBER: 07535419 (England and Wales)















BITPIPE SOLUTIONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024






BITPIPE SOLUTIONS LTD (REGISTERED NUMBER: 07535419)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BITPIPE SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: S Crane
A Crane





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 07535419 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

BITPIPE SOLUTIONS LTD (REGISTERED NUMBER: 07535419)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 311 436

CURRENT ASSETS
Debtors 5 18,800 13,451
Cash at bank 50,443 35,796
69,243 49,247
CREDITORS
Amounts falling due within one year 6 68,954 18,810
NET CURRENT ASSETS 289 30,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

600

30,873

PROVISIONS FOR LIABILITIES 13 83
NET ASSETS 587 30,790

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 487 30,690
SHAREHOLDERS' FUNDS 587 30,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

BITPIPE SOLUTIONS LTD (REGISTERED NUMBER: 07535419)

BALANCE SHEET - continued
29TH FEBRUARY 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th July 2024 and were signed on its behalf by:





A Crane - Director


BITPIPE SOLUTIONS LTD (REGISTERED NUMBER: 07535419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Bitpipe Solutions 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.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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.

BITPIPE SOLUTIONS LTD (REGISTERED NUMBER: 07535419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st March 2023 3,811
Additions 249
At 29th February 2024 4,060
DEPRECIATION
At 1st March 2023 3,375
Charge for year 374
At 29th February 2024 3,749
NET BOOK VALUE
At 29th February 2024 311
At 28th February 2023 436

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,748 11,358
Prepayments 2,052 2,093
18,800 13,451

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation Tax 13,765 6,088
Social security and other taxes (365 ) -
VAT 9,662 7,443
Directors' current accounts 43,342 2,636
Accruals and deferred income 2,550 2,643
68,954 18,810

BITPIPE SOLUTIONS LTD (REGISTERED NUMBER: 07535419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1 - 100
60 Ordinary A £1 60 -
40 Ordinary B £1 40 -
100 100

8. RELATED PARTY DISCLOSURES

At the year end the company owed the director A Crane £37,542 (2023: £1,034) and owed £5,799 to S Crane (2023: £1,602).