Acorah Software Products - Accounts Production 15.0.650 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08232686 Mr Robert Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08232686 2023-03-31 08232686 2024-03-31 08232686 2023-04-01 2024-03-31 08232686 frs-core:Non-currentFinancialInstruments 2024-03-31 08232686 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08232686 frs-core:MotorVehicles 2023-04-01 2024-03-31 08232686 frs-core:PlantMachinery 2023-04-01 2024-03-31 08232686 frs-core:ShareCapital 2024-03-31 08232686 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08232686 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08232686 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 08232686 frs-bus:SmallEntities 2023-04-01 2024-03-31 08232686 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08232686 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08232686 frs-bus:Director1 2023-04-01 2024-03-31 08232686 1 2023-04-01 2024-03-31 08232686 frs-countries:EnglandWales 2023-04-01 2024-03-31 08232686 2022-03-31 08232686 2023-03-31 08232686 2022-04-01 2023-03-31 08232686 frs-core:Non-currentFinancialInstruments 2023-03-31 08232686 frs-core:ShareCapital 2023-03-31 08232686 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08232686 1 2022-04-01 2023-03-31
Registered number: 08232686
PIPEDREAMS INTERIORS LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08232686
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,525 45,496
41,525 45,496
CURRENT ASSETS
Debtors 63,409 (1,845 )
Cash at bank and in hand 14,477 433
77,886 (1,412 )
Creditors: Amounts Falling Due Within One Year (109,613 ) (99,888 )
NET CURRENT ASSETS (LIABILITIES) (31,727 ) (101,300 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,798 (55,804 )
Creditors: Amounts Falling Due After More Than One Year (4,285 ) (20,461 )
NET ASSETS/(LIABILITIES) 5,513 (76,265 )
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 5,512 (76,266 )
SHAREHOLDERS' FUNDS 5,513 (76,265)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Robert Brown
Director
10/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
PIPEDREAMS INTERIORS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08232686 . The registered office is Cervantes House, 5-9 Headstone Road, Harrow, Middlesex, HA1 1PD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Financial statements are prepared in sterling, which is the functional
currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to
adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery SLM at 5%
Motor Vehicles SLM for 5 years
Fixtures & Fittings SLM
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Director 1 1
1 1
Page 3
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4. Tangible Assets
Total
£
Cost
As at 1 April 2023 66,488
Disposals (7 )
As at 31 March 2024 66,481
Depreciation
As at 1 April 2023 20,992
Provided during the period 3,971
Disposals (7 )
As at 31 March 2024 24,956
Net Book Value
As at 31 March 2024 41,525
As at 1 April 2023 45,496
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4