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REGISTERED NUMBER: 04488256 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Pipes on Sight Holdings Limited

Pipes on Sight Holdings Limited (Registered number: 04488256)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pipes on Sight Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M D Walkley
M D J Walkley



SECRETARY: Mrs S E Walkley



REGISTERED OFFICE: The Stable
The Grange Business Park
West Hewish
Weston Super Mare
Somerset
BS24 6RR



REGISTERED NUMBER: 04488256 (England and Wales)



ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST



BANKERS: National Westminster Bank Plc
43 Oxford Street
Weston Super Mare
North Somerset
BS23 1TN

Pipes on Sight Holdings Limited (Registered number: 04488256)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 87,948 87,948

CURRENT ASSETS
Cash at bank 5,614 21

CREDITORS
Amounts falling due within one year 5 10 331
NET CURRENT ASSETS/(LIABILITIES) 5,604 (310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,552

87,638

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 93,452 87,538
SHAREHOLDERS' FUNDS 93,552 87,638

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.

Pipes on Sight Holdings Limited (Registered number: 04488256)

Statement of Financial Position - continued
31 March 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 Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





M D J Walkley - Director


Pipes on Sight Holdings Limited (Registered number: 04488256)

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

1. STATUTORY INFORMATION

Pipes on Sight Holdings Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Pipes on Sight Holdings Limited (Registered number: 04488256)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 87,948
NET BOOK VALUE
At 31 March 2024 87,948
At 31 March 2023 87,948

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Pipes on Sight Limited
Registered office:
Nature of business: Pipework tracing, recording and drawing
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 31,816 63,224
Profit for the year 67,459 182,555

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings - 321
Tax 10 10
10 331

Pipes on Sight Holdings Limited (Registered number: 04488256)

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

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
90 Ordinary £1 90 90
10 Ordinary A £1 10 10
100 100

7. RESERVES
Retained
earnings
£   

At 1 April 2023 87,538
Profit for the year 82,812
Dividends (76,898 )
At 31 March 2024 93,452

8. ULTIMATE CONTROLLING PARTY

The controlling party is M D J Walkley.