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REGISTERED NUMBER: 11050142 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Commercial Pipework Solutions Ltd

Commercial Pipework Solutions Ltd (Registered number: 11050142)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Commercial Pipework Solutions Ltd

Company Information
for the Year Ended 30 November 2024







Directors: C Matthewman
R Matthewman





Registered office: The Hedgerows
Common Lane
Church Fenton
Tadcaster
North Yorkshire
LS24 9QR





Registered number: 11050142 (England and Wales)





Accountants: Ashby Berry Coulsons Ltd
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Commercial Pipework Solutions Ltd (Registered number: 11050142)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 39,473 24,280

Current assets
Stocks 10,000 10,000
Debtors 5 162,742 28,034
Cash at bank 39,575 8,022
212,317 46,056
Creditors
Amounts falling due within one year 6 109,690 47,072
Net current assets/(liabilities) 102,627 (1,016 )
Total assets less current liabilities 142,100 23,264

Creditors
Amounts falling due after more than one
year

7

34,327

19,905
Net assets 107,773 3,359

Capital and reserves
Called up share capital 8 100 100
Retained earnings 107,673 3,259
Shareholders' funds 107,773 3,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Commercial Pipework Solutions Ltd (Registered number: 11050142)

Balance Sheet - continued
30 November 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:





C Matthewman - Director


Commercial Pipework Solutions Ltd (Registered number: 11050142)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. Statutory information

Commercial Pipework Solutions 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 - 25% on reducing balance
Livery Equipment - 25% on reducing balance
Motor vehicles - 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 Profit and loss, 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.

Commercial Pipework Solutions Ltd (Registered number: 11050142)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. Employees and directors

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

4. Tangible fixed assets
Plant and Livery Motor
machinery Equipment vehicles Totals
£    £    £    £   
Cost
At 1 December 2023 18,711 9,979 27,625 56,315
Additions 1,757 - 56,566 58,323
Disposals (3,250 ) - (27,850 ) (31,100 )
At 30 November 2024 17,218 9,979 56,341 83,538
Depreciation
At 1 December 2023 11,677 6,823 13,535 32,035
Charge for year 1,404 790 10,969 13,163
Eliminated on disposal (63 ) - (1,070 ) (1,133 )
At 30 November 2024 13,018 7,613 23,434 44,065
Net book value
At 30 November 2024 4,200 2,366 32,907 39,473
At 30 November 2023 7,034 3,156 14,090 24,280

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 110,910 10,100
Other debtors 51,832 17,934
162,742 28,034

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 11,280 11,280
Hire purchase contracts 6,235 -
Trade creditors 25,092 7,621
Taxation and social security 46,792 2,972
Other creditors 20,291 25,199
109,690 47,072

Commercial Pipework Solutions Ltd (Registered number: 11050142)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 8,695 19,905
Hire purchase contracts 25,632 -
34,327 19,905

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100