PIPEDREAMS INTERIORS LIMITED

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 08232686

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		39,462		41,525

			39,462		41,525
CURRENT ASSETS
Debtors		80,512		67,702
Cash at bank and in hand		12,385		14,477

		92,897		82,179
Creditors: Amounts Falling Due Within One Year		(78,183 )		(113,906 )

NET CURRENT ASSETS (LIABILITIES)			14,714		(31,727 )

TOTAL ASSETS LESS CURRENT LIABILITIES			54,176		9,798

Creditors: Amounts Falling Due After More Than One Year			(36,205 )		(4,285 )

NET ASSETS			17,971		5,513

CAPITAL AND RESERVES
Called up share capital	5		1		1
Profit and Loss Account			17,970		5,512

SHAREHOLDERS' FUNDS			17,971		5,513

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PIPEDREAMS INTERIORS LIMITED

Abridged Balance Sheet (continued)

As At 31 March 2025

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 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.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Robert Brown

Director

14/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

PIPEDREAMS INTERIORS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08232686 . The registered office is Cervantes House, 5-9 Headstone Road, Harrow, Middlesex, HA1 1PD.

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. Financial statements are prepared in sterling, which is the functional

currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Going Concern Disclosure

At the time of approving the financial statements, the director has reasonable expectation that the company has

adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to

adopt the going concern basis of accounting in preparing the financial statements.

2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.4. 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	5% per annum on a straight line mehod
Motor Vehicles	20% per annum on a straight line method

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. 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.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:

	2025	2024
Director	1	1

	1	1

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PIPEDREAMS INTERIORS LIMITED

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	66,481
Additions	2,082
Disposals	(1,324 )

As at 31 March 2025	67,239

Depreciation
As at 1 April 2024	24,956
Provided during the period	4,145
Disposals	(1,324 )

As at 31 March 2025	27,777

Net Book Value
As at 31 March 2025	39,462

As at 1 April 2024	41,525

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

6. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	15,000	-

During the year dividend of £15,000 (2024: NIL) paid to the company's director in respect of his share in the company.

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