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REGISTERED NUMBER: 06213757 (England and Wales)







Financial Statements for the Year Ended 31st May 2024

for

Pipe Eye Environmental Ltd

Pipe Eye Environmental Ltd (Registered number: 06213757)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Pipe Eye Environmental Ltd

Company Information
for the Year Ended 31st May 2024







DIRECTOR: Mrs A Drury





SECRETARY: Mrs C P Marston





REGISTERED OFFICE: 98 Furnace Lane
Woodhouse Mill
Sheffield
South Yorkshire
S13 9XF





REGISTERED NUMBER: 06213757 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Pipe Eye Environmental Ltd (Registered number: 06213757)

Abridged Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,419 25,852
19,419 25,852

CURRENT ASSETS
Debtors 8,578 11,774
Cash at bank 1,452 306
10,030 12,080
CREDITORS
Amounts falling due within one year 55,701 54,175
NET CURRENT LIABILITIES (45,671 ) (42,095 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,252

)

(16,243

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (26,352 ) (16,343 )
SHAREHOLDERS' FUNDS (26,252 ) (16,243 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th February 2025 and were signed by:





Mrs A Drury - Director


Pipe Eye Environmental Ltd (Registered number: 06213757)

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

1. STATUTORY INFORMATION

Pipe Eye Environmental 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, was amortised evenly over its estimated useful life of ten years and is fully amortised.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

GOING CONCERN
As at 31 May 2024 the Balance Sheet was overdrawn. The director has agreed to support the company therefore these accounts have been drawn up on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st June 2023
and 31st May 2024 125,000
AMORTISATION
At 1st June 2023
and 31st May 2024 125,000
NET BOOK VALUE

At 31st May 2024 -
At 31st May 2023 -

Pipe Eye Environmental Ltd (Registered number: 06213757)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st June 2023
and 31st May 2024 108,606
DEPRECIATION
At 1st June 2023 82,754
Charge for year 6,433
At 31st May 2024 89,187
NET BOOK VALUE
At 31st May 2024 19,419
At 31st May 2023 25,852