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REGISTERED NUMBER: 02518129 (England and Wales)












Perfect Pipework Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Perfect Pipework Limited (Registered number: 02518129)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Perfect Pipework Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R S M Rowles
S J Rowles





SECRETARY: S J Rowles





REGISTERED OFFICE: 49 Rabans Close
Aylesbury
Buckinghamshire
HP19 8RS





REGISTERED NUMBER: 02518129 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Limited
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

Perfect Pipework Limited (Registered number: 02518129)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,760 3,711

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 748,312 393,627
Cash at bank and in hand - 118,050
752,312 515,677
CREDITORS
Amounts falling due within one
year

6

631,689

456,995
NET CURRENT ASSETS 120,623 58,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,383

62,393

CREDITORS
Amounts falling due after more
than one year

7

(13,333

)

(23,333

)

PROVISIONS FOR LIABILITIES 10 (8,690 ) -
NET ASSETS 133,360 39,060

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 103,360 9,060
SHAREHOLDERS' FUNDS 133,360 39,060

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

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

Perfect Pipework Limited (Registered number: 02518129)

Balance Sheet - continued
31 July 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 20 March 2025 and were signed on its behalf by:




R S M Rowles - Director



S J Rowles - Director


Perfect Pipework Limited (Registered number: 02518129)

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

1. STATUTORY INFORMATION

Perfect Pipework 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 represents net invoiced sales, excluding value added tax.

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 - 50% straight line
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% straight line

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.

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

Pension costs
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

3. EMPLOYEES AND DIRECTORS

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

Perfect Pipework Limited (Registered number: 02518129)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 24,043 24,520 23,795 72,440 144,798
Additions 4,269 1,103 36,355 2,984 44,711
At 31 July 2024 28,312 25,623 60,150 75,424 189,509
DEPRECIATION
At 1 August 2023 24,043 24,363 22,780 69,901 141,087
Charge for year 2,134 314 9,343 1,871 13,662
At 31 July 2024 26,177 24,677 32,123 71,772 154,749
NET BOOK VALUE
At 31 July 2024 2,135 946 28,027 3,652 34,760
At 31 July 2023 - 157 1,015 2,539 3,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,440
Other debtors 748,312 389,187
748,312 393,627

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,468 10,000
Payments on account 25,701 25,701
Trade creditors 396,969 179,163
Taxation and social security 81,997 119,877
Other creditors 98,554 122,254
631,689 456,995

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 13,333 23,333

Perfect Pipework Limited (Registered number: 02518129)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,957 12,032
Between one and five years 16,435 9,392
27,392 21,424

9. SECURED DEBTS

A fixed and floating charge, dated 7th November 2002, is held by HSBC Bank Plc over all the assets of the company equal to the monies that are due or become due from the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,690 -

Deferred
tax
£   
Provided during year 8,690
Balance at 31 July 2024 8,690