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REGISTERED NUMBER: 08447891 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

A & J INDUSTRIAL PIPE SERVICES LTD

A & J INDUSTRIAL PIPE SERVICES LTD (REGISTERED NUMBER: 08447891)






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


A & J INDUSTRIAL PIPE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr P M Stringfellow





SECRETARY:





REGISTERED OFFICE: 22 Victoria Road
Worksop
Nottinghamshire
S80 2HF





REGISTERED NUMBER: 08447891 (England and Wales)





ACCOUNTANTS: Anderson & Co
18 Diamond Avenue
Kirkby in Ashfield
Nottinghamshire
NG17 7GR

A & J INDUSTRIAL PIPE SERVICES LTD (REGISTERED NUMBER: 08447891)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,658 11,305

CURRENT ASSETS
Stocks 800 520
Debtors 5 46,263 34,223
Cash at bank 264,965 243,309
312,028 278,052
CREDITORS
Amounts falling due within one year 6 36,130 25,586
NET CURRENT ASSETS 275,898 252,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,556

263,771

CREDITORS
Amounts falling due after more than one
year

7

(3,466

)

(6,667

)

PROVISIONS FOR LIABILITIES (791 ) (875 )
NET ASSETS 280,299 256,229

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 280,297 256,227
SHAREHOLDERS' FUNDS 280,299 256,229

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 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.

A & J INDUSTRIAL PIPE SERVICES LTD (REGISTERED NUMBER: 08447891)

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 director and authorised for issue on 23 February 2025 and were signed by:





Mr P M Stringfellow - Director


A & J INDUSTRIAL PIPE SERVICES LTD (REGISTERED NUMBER: 08447891)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

A & J Industrial Pipe Services 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.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

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.

A & J INDUSTRIAL PIPE SERVICES LTD (REGISTERED NUMBER: 08447891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 20,516 1,877 33,995 1,000 57,388
DEPRECIATION
At 1 June 2023 17,774 1,474 25,892 943 46,083
Charge for year 548 60 2,025 14 2,647
At 31 May 2024 18,322 1,534 27,917 957 48,730
NET BOOK VALUE
At 31 May 2024 2,194 343 6,078 43 8,658
At 31 May 2023 2,742 403 8,103 57 11,305

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 30,950 25,128
PAYE/NI and CIS tax 10,729 4,659
Prepayments 4,584 4,436
46,263 34,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 3,200 3,200
Trade creditors 704 1,733
Corporation tax 12,357 4,559
VAT 6,487 5,800
Directors' loan accounts 11,478 7,625
Accrued expenses 1,904 2,669
36,130 25,586

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 3,200 3,200
Bank loans - 2-5 years 266 3,467
3,466 6,667