REGISTERED NUMBER: 09554898 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

PIPEWORK AND FABRICATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

S Mullinder

REGISTERED OFFICE:

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

REGISTERED NUMBER:

09554898 (England and Wales)

ACCOUNTANTS:

Bytheway & Co Accountants Ltd

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

FIXED ASSETS

Tangible assets

4

46,929

11,730

CURRENT ASSETS

Debtors

5

430,357

304,483

Cash at bank and in hand

16,916

47,289

447,273

351,772

CREDITORS

Amounts falling due within one year

6

227,200

207,456

NET CURRENT ASSETS

220,073

144,316

TOTAL ASSETS LESS CURRENT LIABILITIES

267,002

156,046

CREDITORS

Amounts falling due after more than one year

7

21,991

23,529

NET ASSETS

245,011

132,517

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

244,911

132,417

SHAREHOLDERS' FUNDS

245,011

132,517

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

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

The director acknowledges his 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 Income Statement has not been delivered.

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

S Mullinder - Director

1.	STATUTORY INFORMATION

Pipework And Fabrications 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.

Basis of preparation:

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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 etc

-

20% on reducing balance

Taxation

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

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

23,754

Additions

72,934

Disposals

(26,614

)

At 31 October 2024

70,074

DEPRECIATION

At 1 November 2023

12,024

Charge for year

11,737

Eliminated on disposal

(616

)

At 31 October 2024

23,145

NET BOOK VALUE

At 31 October 2024

46,929

At 31 October 2023

11,730

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

£

£

Trade debtors

267,562

210,675

Other debtors

162,795

93,808

430,357

304,483

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

£

£

Bank loans and overdrafts

1,258

978

Trade creditors

38,391

64,278

Taxation and social security

186,501

137,360

Other creditors

1,050

4,840

227,200

207,456

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/24

31/10/23

£

£

Bank loans

21,991

23,529

8.	ULTIMATE CONTROLLING PARTY

Directors transactions:

During the period the company made payments to S Mullinder, a director and shareholder, of £581,857. The director made repayments to the company of £566,696. At 31 October 2024, the company was owed by the director £12,599.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Bytheway & Co Accountants Ltd

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

26 August 2025