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REGISTERED NUMBER: 05192731 (England and Wales)















PIPETEK SUPPLIES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025






PIPETEK SUPPLIES LIMITED (REGISTERED NUMBER: 05192731)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


PIPETEK SUPPLIES LIMITED (REGISTERED NUMBER: 05192731)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500 3,000
Tangible assets 5 57,065 87,286
58,565 90,286

CURRENT ASSETS
Stocks 161,630 163,180
Debtors 6 196,074 158,523
Cash at bank and in hand 99,875 47,727
457,579 369,430
CREDITORS
Amounts falling due within one year 7 333,901 256,340
NET CURRENT ASSETS 123,678 113,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,243

203,376

CREDITORS
Amounts falling due after more than
one year

8

(8,223

)

(18,388

)

PROVISIONS FOR LIABILITIES (14,266 ) (21,822 )
NET ASSETS 159,754 163,166

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 159,654 163,066
SHAREHOLDERS' FUNDS 159,754 163,166

PIPETEK SUPPLIES LIMITED (REGISTERED NUMBER: 05192731)

BALANCE SHEET - continued
31 MARCH 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:





M E Bridgewater - Director


PIPETEK SUPPLIES LIMITED (REGISTERED NUMBER: 05192731)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Pipetek Supplies Limited is a private company limited by shares. The company is registered in England under number 05192731 and the address of the registered office is Barclays Bank Chambers, Stratford Upon Avon, Warwickshire, CV37 6AH. The company's place of business is 33B Wellington Road, Waterloo Road Industrial Estate, Bidford on Avon, Warwickshire B50 4JH.

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, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Office equipment - 25% on cost
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 Account, 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.


PIPETEK SUPPLIES LIMITED (REGISTERED NUMBER: 05192731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pensions
The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit and loss account.

The company also makes contributions to the personal pension plan of the director. The company's contributions are charged to the profit and loss account as they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

PIPETEK SUPPLIES LIMITED (REGISTERED NUMBER: 05192731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 30,000
AMORTISATION
At 1 April 2024 27,000
Amortisation for year 1,500
At 31 March 2025 28,500
NET BOOK VALUE
At 31 March 2025 1,500
At 31 March 2024 3,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 183,285
Additions 51,565
Disposals (97,802 )
At 31 March 2025 137,048
DEPRECIATION
At 1 April 2024 95,999
Charge for year 16,284
Eliminated on disposal (32,300 )
At 31 March 2025 79,983
NET BOOK VALUE
At 31 March 2025 57,065
At 31 March 2024 87,286

PIPETEK SUPPLIES LIMITED (REGISTERED NUMBER: 05192731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024 47,440
Additions 33,000
Disposals (28,450 )
At 31 March 2025 51,990
DEPRECIATION
At 1 April 2024 21,616
Charge for year 9,372
Eliminated on disposal (7,113 )
At 31 March 2025 23,875
NET BOOK VALUE
At 31 March 2025 28,115
At 31 March 2024 25,824

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 193,762 154,846
Other debtors 2,312 3,677
196,074 158,523

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,319 9,759
Trade creditors 236,856 171,658
Taxation and social security 78,311 56,314
Other creditors 3,415 8,609
333,901 256,340

PIPETEK SUPPLIES LIMITED (REGISTERED NUMBER: 05192731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 1,667 11,667
Hire purchase contracts 6,556 6,721
8,223 18,388

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 11,875 16,480
23,542 38,147