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REGISTERED NUMBER: 09989006 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Kpipe Ltd

Kpipe Ltd (Registered number: 09989006)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kpipe Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr Mark Edwin Perry
Mr Martin James Lindsey-Smith





REGISTERED OFFICE: 22 The Common
Adlington
Chorley
Lancashire
PR7 4DR





REGISTERED NUMBER: 09989006 (England and Wales)





ACCOUNTANTS: Mike Egan & Co Limited
Chartered Accountants
168 Lee Lane
Horwich
Bolton
Lancashire
BL6 7AF

Kpipe Ltd (Registered number: 09989006)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 94,026 84,684

CURRENT ASSETS
Stocks 5 170,000 178,000
Debtors 6 111,553 206,133
Cash at bank and in hand 3,733 5,296
285,286 389,429
CREDITORS
Amounts falling due within one year 7 (374,181 ) (518,654 )
NET CURRENT LIABILITIES (88,895 ) (129,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,131

(44,541

)

CAPITAL AND RESERVES
Called up share capital 20,002 2
Revaluation reserve 8 30,513 -
Retained earnings (45,384 ) (44,543 )
5,131 (44,541 )

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

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

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 25 November 2024 and were signed on its behalf by:





Mr Mark Edwin Perry - Director


Kpipe Ltd (Registered number: 09989006)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Kpipe 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 as modified by the revaluation of certain assets.

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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Motor and Plant and Computer
Vehicles fittings Machinery equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2023 82,799 7,100 16,300 4,616 110,815
Revaluations 6,046 - 24,467 - 30,513
At 29 February 2024 88,845 7,100 40,767 4,616 141,328
DEPRECIATION
At 1 March 2023 13,527 3,632 5,456 3,516 26,131
Charge for year 17,318 867 2,711 275 21,171
At 29 February 2024 30,845 4,499 8,167 3,791 47,302
NET BOOK VALUE
At 29 February 2024 58,000 2,601 32,600 825 94,026
At 28 February 2023 69,272 3,468 10,844 1,100 84,684

Kpipe Ltd (Registered number: 09989006)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 29 February 2024 is represented by:

Fixtures
Motor and Plant and Computer
Vehicles fittings Machinery equipment Totals
£    £    £    £    £   
Valuation in 2024 6,046 - 24,467 - 30,513
Cost 82,799 7,100 16,300 4,616 110,815
88,845 7,100 40,767 4,616 141,328

5. STOCKS
2024 2023
£    £   
Stocks 170,000 178,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111,553 204,417
Tax - 1,716
111,553 206,133

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,709 40,832
Hire purchase contracts 5,204 10,189
Trade creditors 108,352 163,522
Tax 4,769 -
Social security and other taxes 2,409 3,055
VAT 9,792 10,189
Close Bros Factoring 48,060 73,565
Directors' loan accounts 167,804 216,102
Accrued expenses 1,082 1,200
374,181 518,654

8. RESERVES
Revaluation
reserve
£   
No description 30,513

At 29 February 2024 30,513

9. RELATED PARTY DISCLOSURES

In creditors is an amount of £167,804 owed to the directors.