REGISTERED NUMBER: 09989006 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Kpipe Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Mark Edwin Perry

Mr Martin James Lindsey-Smith

REGISTERED OFFICE:

22 The Common

Adlington

Chorley

Lancashire

PR7 4DR

REGISTERED NUMBER:

09989006 (England and Wales)

ACCOUNTANTS:

McKendrey Accountants Ltd

Chartered Accountants

168 Lee Lane

Horwich

Bolton

Lancashire

BL6 7AF

FIXED ASSETS

Tangible assets

4

66,758

94,026

CURRENT ASSETS

Stocks

5

170,000

170,000

Debtors

6

99,341

111,553

Cash at bank and in hand

1,704

3,733

271,045

285,286

CREDITORS

Amounts falling due within one year

7

(420,631

)

(374,181

)

NET CURRENT LIABILITIES

(149,586

)

(88,895

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(82,828

)

5,131

CAPITAL AND RESERVES

Called up share capital

20,002

20,002

Revaluation reserve

8

-

30,513

Retained earnings

(102,830

)

(45,384

)

(82,828

)

5,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 24 September 2025 and were signed on its behalf by:

Mr Mark Edwin Perry - Director

1.	STATUTORY INFORMATION

Kpipe 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.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Motor

and

Plant and

Computer

Vehicles

fittings

Machinery

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

88,845

7,100

40,767

4,616

141,328

Disposals

(29,858

)

-

(12,333

)

-

(42,191

)

At 28 February 2025

58,987

7,100

28,434

4,616

99,137

DEPRECIATION

At 1 March 2024

30,845

4,499

8,167

3,791

47,302

Charge for year

10,000

650

5,066

206

15,922

Eliminated on disposal

(30,845

)

-

-

-

(30,845

)

At 28 February 2025

10,000

5,149

13,233

3,997

32,379

NET BOOK VALUE

At 28 February 2025

48,987

1,951

15,201

619

66,758

At 29 February 2024

58,000

2,601

32,600

825

94,026

5.

STOCKS

2025

2024

£

£

Stocks

170,000

170,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

99,341

111,553

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

110,380

26,709

Hire purchase contracts

37,380

5,204

Trade creditors

58,875

108,352

Tax

2,501

4,769

Social security and other taxes

2,955

2,409

VAT

6,486

9,792

Close Bros Factoring

20,977

48,060

Directors' loan accounts

179,995

167,804

Accrued expenses

1,082

1,082

420,631

374,181

8.

RESERVES

Revaluation

reserve

£

At 1 March 2024

30,513

No description

(30,513

)

At 28 February 2025

-

9.	RELATED PARTY DISCLOSURES

In creditors is an amount of £179,995 owed to the directors.