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Company Registration No. 12723492 (England and Wales)
Pipe Dreams (yorkshire) Limited Unaudited accounts for the year ended 31 July 2024
Pipe Dreams (yorkshire) Limited Unaudited accounts Contents
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Pipe Dreams (yorkshire) Limited Company Information for the year ended 31 July 2024
Directors
Blair Jacobs Stella Jacobs
Company Number
12723492 (England and Wales)
Registered Office
21 Ropery Walk Pocklington York North Yorkshire YO42 2BF England
Accountants
Monroe Accountants Ltd 21 Ropery Walk Pocklington York YO42 2BF
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Pipe Dreams (yorkshire) Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,512 
4,218 
Current assets
Debtors
9,756 
7,322 
Cash at bank and in hand
9,869 
8,921 
19,625 
16,243 
Creditors: amounts falling due within one year
(52,737)
(45,287)
Net current liabilities
(33,112)
(29,044)
Total assets less current liabilities
(27,600)
(24,826)
Provisions for liabilities
Deferred tax
(1,047)
(630)
Net liabilities
(28,647)
(25,456)
Capital and reserves
Profit and loss account
(28,647)
(25,456)
Shareholders' funds
(28,647)
(25,456)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by
Blair Jacobs Director Company Registration No. 12723492
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Pipe Dreams (yorkshire) Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Pipe Dreams (yorkshire) Limited is a private company, limited by shares, registered in England and Wales, registration number 12723492. The registered office is 21 Ropery Walk, Pocklington, York, North Yorkshire, YO42 2BF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Computer equipment
25% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Pipe Dreams (yorkshire) Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
3,500 
3,090 
6,590 
Additions
3,458 
- 
3,458 
At 31 July 2024
6,958 
3,090 
10,048 
Depreciation
At 1 August 2023
700 
1,672 
2,372 
Charge for the year
1,392 
772 
2,164 
At 31 July 2024
2,092 
2,444 
4,536 
Net book value
At 31 July 2024
4,866 
646 
5,512 
At 31 July 2023
2,800 
1,418 
4,218 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,609 
7,322 
Accrued income and prepayments
147 
- 
9,756 
7,322 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,707 
3,666 
Other creditors
- 
915 
Loans from directors
48,770 
40,206 
Accruals
1,260 
500 
52,737 
45,287 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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