Company Registration No. 5224830 (England and Wales)
PIPEWORX LIMITED
Unaudited accounts
for the year ended 31 March 2025
PIPEWORX LIMITED
Unaudited accounts
Contents
PIPEWORX LIMITED
Company Information
for the year ended 31 March 2025
Directors
K JOHNSON
R JOHNSON
Company Number
5224830 (England and Wales)
Registered Office
27 Southpark Road
Tywardreath
Par
Cornwall
PL24 2PU
Accountants
SG ACCOUNTANCY
102 TREVERBYN ROAD
CARCLAZE IND ESTATE
ST AUSTELL
CORNWALL
PL25 4EW
PIPEWORX LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
97,737
99,514
Cash at bank and in hand
353,343
354,991
Creditors: amounts falling due within one year
(43,434)
(52,958)
Net current assets
350,580
321,555
Net assets
448,317
421,069
Called up share capital
2
2
Profit and loss account
448,315
421,067
Shareholders' funds
448,317
421,069
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by
K JOHNSON
Director
Company Registration No. 5224830
PIPEWORX LIMITED
Notes to the Accounts
for the year ended 31 March 2025
PIPEWORX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 5224830. The registered office is 27 Southpark Road, Tywardreath, Par, Cornwall, PL24 2PU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
144,458
164,090
308,548
Additions
28,874
27,750
56,624
Disposals
(31,000)
(16,045)
(47,045)
At 31 March 2025
142,332
175,795
318,127
At 1 April 2024
106,421
102,613
209,034
Charge for the year
10,701
21,594
32,295
On disposals
(7,750)
(13,189)
(20,939)
At 31 March 2025
109,372
111,018
220,390
At 31 March 2025
32,960
64,777
97,737
At 31 March 2024
38,037
61,477
99,514
PIPEWORX LIMITED
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
35,349
16,577
Accrued income and prepayments
3,822
1,445
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
5,618
2,460
Taxes and social security
59,419
48,516
Loans from directors
(22,788)
882
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).