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REGISTERED NUMBER: 00956439 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Pipework And Welding Services Limited

Pipework And Welding Services Limited (Registered number: 00956439)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Pipework And Welding Services Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S P Boardman
J Boardman
P M Boardman





SECRETARY: Mrs C V Boardman





REGISTERED OFFICE: Unit 1 Aerial Business Park
Lambourn Woodlands
Hungerford
Berkshire
RG17 7RZ





REGISTERED NUMBER: 00956439 (England and Wales)





ACCOUNTANTS: Pascal Canelle Ltd
73 Stoneleigh Broadway
Epsom
Surrey
KT17 2HP

Pipework And Welding Services Limited (Registered number: 00956439)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 587,892 587,900

CURRENT ASSETS
Debtors 5 77,991 76,079
Cash at bank 124,371 130,084
202,362 206,163
CREDITORS
Amounts falling due within one year 6 22,189 9,968
NET CURRENT ASSETS 180,173 196,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,065

784,095

CREDITORS
Amounts falling due after more than
one year

7

-

35,050
NET ASSETS 768,065 749,045

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 718,065 699,045
768,065 749,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Pipework And Welding Services Limited (Registered number: 00956439)

Balance Sheet - continued
31 May 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 31 January 2025 and were signed on its behalf by:





S P Boardman - Director


Pipework And Welding Services Limited (Registered number: 00956439)

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

1. STATUTORY INFORMATION

Pipework And Welding Services 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.

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.

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 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.

3. EMPLOYEES AND DIRECTORS

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

Pipework And Welding Services Limited (Registered number: 00956439)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 671,467 370 671,837
DEPRECIATION
At 1 June 2023 83,619 318 83,937
Charge for year - 8 8
At 31 May 2024 83,619 326 83,945
NET BOOK VALUE
At 31 May 2024 587,848 44 587,892
At 31 May 2023 587,848 52 587,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 77,991 76,079

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,427 1,744
Taxation and social security 6,762 7,511
Other creditors - 713
22,189 9,968

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 35,050

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 35,050

Pipework And Welding Services Limited

Report of the Accountants to the Directors of
Pipework And Welding Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Pascal Canelle Ltd
73 Stoneleigh Broadway
Epsom
Surrey
KT17 2HP


31 January 2025