Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 09398358 Mr James Sharrod Mr James Sharrod iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09398358 2024-01-31 09398358 2025-01-31 09398358 2024-02-01 2025-01-31 09398358 frs-core:CurrentFinancialInstruments 2025-01-31 09398358 frs-core:Non-currentFinancialInstruments 2025-01-31 09398358 frs-core:ComputerEquipment 2025-01-31 09398358 frs-core:ComputerEquipment 2024-02-01 2025-01-31 09398358 frs-core:ComputerEquipment 2024-01-31 09398358 frs-core:MotorVehicles 2025-01-31 09398358 frs-core:MotorVehicles 2024-02-01 2025-01-31 09398358 frs-core:MotorVehicles 2024-01-31 09398358 frs-core:PlantMachinery 2025-01-31 09398358 frs-core:PlantMachinery 2024-02-01 2025-01-31 09398358 frs-core:PlantMachinery 2024-01-31 09398358 frs-core:ShareCapital 2025-01-31 09398358 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 09398358 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09398358 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 09398358 frs-bus:SmallEntities 2024-02-01 2025-01-31 09398358 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 09398358 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 09398358 frs-bus:Director1 2024-02-01 2025-01-31 09398358 frs-bus:Director1 2024-01-31 09398358 frs-bus:Director1 2025-01-31 09398358 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 09398358 frs-core:CurrentFinancialInstruments 1 2025-01-31 09398358 frs-countries:EnglandWales 2024-02-01 2025-01-31 09398358 2023-01-31 09398358 2024-01-31 09398358 2023-02-01 2024-01-31 09398358 frs-core:CurrentFinancialInstruments 2024-01-31 09398358 frs-core:Non-currentFinancialInstruments 2024-01-31 09398358 frs-core:ShareCapital 2024-01-31 09398358 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09398358 frs-core:CurrentFinancialInstruments 1 2024-01-31
Registered number: 09398358
Total Pipeline Services Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Mendip Accounting Solutions Ltd
6 Hill Road
Clevedon
North Somerset
BS21 7NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09398358
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,327 6,155
25,327 6,155
CURRENT ASSETS
Debtors 5 233,640 108,870
Cash at bank and in hand 43,821 5,769
277,461 114,639
Creditors: Amounts Falling Due Within One Year 6 (104,009 ) (16,657 )
NET CURRENT ASSETS (LIABILITIES) 173,452 97,982
TOTAL ASSETS LESS CURRENT LIABILITIES 198,779 104,137
Creditors: Amounts Falling Due After More Than One Year 7 (6,550 ) (14,157 )
NET ASSETS 192,229 89,980
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 192,129 89,880
SHAREHOLDERS' FUNDS 192,229 89,980
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Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Sharrod
Director
26/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Total Pipeline Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09398358 . The registered office is 30 Treefield Road, Clevedon, BS21 6JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Motor Vehicles 18% RB
Computer Equipment 33% SL
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 8,580 14,037 - 22,617
Additions 4,000 16,479 1,390 21,869
As at 31 January 2025 12,580 30,516 1,390 44,486
Depreciation
As at 1 February 2024 3,754 12,708 - 16,462
Provided during the period 2,206 28 463 2,697
As at 31 January 2025 5,960 12,736 463 19,159
Net Book Value
As at 31 January 2025 6,620 17,780 927 25,327
As at 1 February 2024 4,826 1,329 - 6,155
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 117,357 30,951
Prepayments and accrued income - 2,104
CIS Refund due 106,029 36,629
VAT 7,596 1,319
Director's loan account 2,658 36,569
233,640 107,572
Due after more than one year
Other taxes and social security - 1,298
233,640 108,870
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,135 1,249
Bank loans and overdrafts - 1,145
Corporation tax 58,885 -
Other creditors (1) 22,149 408
Accruals and deferred income 19,840 13,855
104,009 16,657
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 6,550 11,350
Close Brothers Premium Finance - 2,807
6,550 14,157
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr James Sharrod 36,569 - - - -
The above loan is unsecured, interest free and repayable on demand.
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