REGISTERED NUMBER: 02101231 (England and Wales)

BASINGSTOKE PRESSURE VESSELS AND

PIPEWORK LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

A Cole

D A Collier

Secretary:

S I Cole

Registered office:

11 -12 Brunel Gate

West Portway Industrial Estate

Andover

Hampshire

SP10 3SL

Registered number:

02101231 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

367,098

374,968

Current assets

Stocks

5,000

5,000

Debtors

5

414,987

158,740

Cash at bank

119,182

524,861

539,169

688,601

Creditors

Amounts falling due within one year

6

(245,135

)

(327,992

)

Net current assets

294,034

360,609

Total assets less current liabilities

661,132

735,577

Provisions for liabilities

(34,633

)

(26,393

)

Net assets

626,499

709,184

Capital and reserves

Called up share capital

8

100

100

Retained earnings

626,399

709,084

Shareholders' funds

626,499

709,184

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

A Cole - Director

1.	Statutory information

Basingstoke Pressure Vessels And Pipework Limited 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

Accounting convention

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Buildings leasehold

50 years straight line

Plant and machinery

10% reducing balance - 20% straight line

Fixtures, fittings & equipment

10% reducing balance

Motor vehicles

25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. The stock value is based on the estimate of the directors, and impairment is also considered.

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank loans.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

3.	Employees and directors

The average number of employees during the year was 16 (2024 - 15 ) .

4.	Tangible fixed assets

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 April 2024

277,419

379,599

83,023

28,328

768,369

Additions

-

12,950

-

-

12,950

At 31 March 2025

277,419

392,549

83,023

28,328

781,319

Depreciation

At 1 April 2024

43,305

259,939

61,829

28,328

393,401

Charge for year

5,548

13,153

2,119

-

20,820

At 31 March 2025

48,853

273,092

63,948

28,328

414,221

Net book value

At 31 March 2025

228,566

119,457

19,075

-

367,098

At 31 March 2024

234,114

119,660

21,194

-

374,968

Leasehold buildings have been pledged as security for bank borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

414,987

158,740

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

142,325

54,384

Taxation and social security

92,205

263,360

Other creditors

10,605

10,248

245,135

327,992

7.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

5,250

5,250

Between one and five years

21,000

21,000

In more than five years

567,000

572,250

593,250

598,500

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	Related party transactions

Included in turnover is £556,919.33 (2024 - £695,234) receivable from Active Flow Controls Limited. Included in debtors at the year end is an amount of Nil (2024 - £63,537.26) owed by Active Flow Controls Limited, a company in which A M Cole and D A Collier are also directors.