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REGISTERED NUMBER: 08904639 (England and Wales)















Pipes & Fittings UK Ltd

Unaudited Financial Statements for the Year Ended 29 February 2024






Pipes & Fittings UK Ltd (Registered number: 08904639)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pipes & Fittings UK Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A Jacko





REGISTERED OFFICE: 599-613 Princes Road
Dartford
Kent
DA2 6HH





BUSINESS ADDRESS: The Nucleus
Brunel Way
Dartford
Kent
DA1 5GA





REGISTERED NUMBER: 08904639 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Pipes & Fittings UK Ltd (Registered number: 08904639)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 29,647 37,058
Tangible assets 5 51,428 66,334
Investments 6 105,291 89,653
186,366 193,045

CURRENT ASSETS
Debtors 7 88,599 1,262
Cash at bank and in hand 183,682 521,702
272,281 522,964
CREDITORS
Amounts falling due within one year 8 62,068 132,082
NET CURRENT ASSETS 210,213 390,882
TOTAL ASSETS LESS CURRENT LIABILITIES 396,579 583,927

PROVISIONS FOR LIABILITIES - 6,923
NET ASSETS 396,579 577,004

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 396,577 577,002
SHAREHOLDERS' FUNDS 396,579 577,004

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 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.

Pipes & Fittings UK Ltd (Registered number: 08904639)

Statement of Financial Position - continued
29 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2024 and were signed by:





A Jacko - Director


Pipes & Fittings UK Ltd (Registered number: 08904639)

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

1. STATUTORY INFORMATION

Pipes & Fittings UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 statement of financial position date.


Pipes & Fittings UK Ltd (Registered number: 08904639)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Fixed asset investments
Fixed asset investments are included at fair value and gains and losses are recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 57,901
AMORTISATION
At 1 March 2023 20,843
Charge for year 7,411
At 29 February 2024 28,254
NET BOOK VALUE
At 29 February 2024 29,647
At 28 February 2023 37,058

Pipes & Fittings UK Ltd (Registered number: 08904639)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 106,459
Additions 776
At 29 February 2024 107,235
DEPRECIATION
At 1 March 2023 40,125
Charge for year 15,682
At 29 February 2024 55,807
NET BOOK VALUE
At 29 February 2024 51,428
At 28 February 2023 66,334

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 89,653
Revaluations 15,638
At 29 February 2024 105,291
NET BOOK VALUE
At 29 February 2024 105,291
At 28 February 2023 89,653

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2024 12,068
Cost 93,223
105,291

The fixed asset investments were valued on a fair value basis at the balance sheet date by the director.

Pipes & Fittings UK Ltd (Registered number: 08904639)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,520 -
Other debtors 77,079 1,262
88,599 1,262

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 830 31,745
Taxation and social security 29,782 950
Other creditors 31,456 99,387
62,068 132,082

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
A Jacko
Balance outstanding at start of year - -
Amounts advanced 75,826 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 75,826 -