Pyramid Pipework Services Limited

Registered number

14643302

Filleted Accounts

31 March 2025

Pyramid Pipework Services Limited
Registered number:		14643302
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		14,422			18,149

Current assets
Debtors	4	24,795			141,770
Cash at bank and in hand		82,455			28,837
		107,250			170,607

Creditors: amounts falling due within one year	5	(71,199)			(123,283)

Net current assets			36,051			47,324

Total assets less current liabilities			50,473			65,473

Creditors: amounts falling due after more than one year	6		(37,004)			(14,302)



Net assets			13,469			51,171

Capital and reserves
Called up share capital			200			200
Profit and loss account			13,269			50,971

Shareholders' funds			13,469			51,171

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J L Griffiths
Director
Approved by the board on 30 September 2025

Pyramid Pipework Services Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	-		22,686		22,686
	Additions	1,013		-		1,013
	At 31 March 2025	1,013		22,686		23,699

	Depreciation
	At 1 April 2024	-		4,537		4,537
	Charge for the year	203		4,537		4,740
	At 31 March 2025	203		9,074		9,277

	Net book value
	At 31 March 2025	810		13,612		14,422
	At 31 March 2024	-		18,149		18,149


4	Debtors			2025		2024
£					£

	Trade debtors			21,619		124,418
	Other debtors			3,176		17,352
				24,795		141,770


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			13,701		7,146
	Obligations under finance lease and hire purchase contracts			-		8,273
	Trade creditors			26,272		62,121
	Taxation and social security costs			31,111		42,245
	Other creditors			115		3,498
				71,199		123,283


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			20,000		-
	Obligations under finance lease and hire purchase contracts			17,004		14,302
				37,004		14,302


7	Related party transactions

	The sole director and shareholder operates active loan accounts with the company within which all dividends are declared and drawn upon as required.
	The joint directors and shareholders who are husband and wife operate active loan accounts with the company within which all dividends are declared and drawn upon as required.
	As shown in the note above, loans to directors there is a balance owed to the Company by a director and shareholder. No interest is charged on this balance and is repayable on demand. The balance was repaid to the Company within 9 months of the year end.
	Included within other creditors is a balance of £XXX (Prior year £XXXX), owed by the Company to a director and shareholder. No interest is charged on this balance and is repayable on demand. .



8	Controlling party

	The Company is wholly under the control of its sole director and shareholder. The Company is wholly under the control of its joint directors and shareholders who are husband and wife.


9	Other information

	Pyramid Pipework Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	30 Chandag Road
	Keynsham
	Bristol
	BS31 1NR