REGISTERED NUMBER: 14293660 (England and Wales)

PIPEDREAMS SUGARCRAFT LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

4

FIXED ASSETS

Tangible assets

4

1,151

1,520

CURRENT ASSETS

Stocks

10,609

10,583

Debtors

5

5,187

10,273

Cash at bank and in hand

12,227

2,490

28,023

23,346

CREDITORS

Amounts falling due within one year

6

21,999

3,579

NET CURRENT ASSETS

6,024

19,767

TOTAL ASSETS LESS CURRENT LIABILITIES

7,175

21,287

CREDITORS

Amounts falling due after more than one year

7

-

33,000

NET ASSETS/(LIABILITIES)

7,175

(11,713

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

7,165

(11,723

)

7,175

(11,713

)

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 director acknowledges his 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 director and authorised for issue on 1 October 2025 and were signed by:

M Singh - Director

1.	STATUTORY INFORMATION

Pipedreams Sugarcraft Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14293660

Registered office:

2 Bell Lane

Eton Wick

Windsor

SL4 6JP

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.

Computer and equipment-straight line basis over 6 years from the date of acquisition

Stocks

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

Taxation

Taxation for the year comprises current only. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

2,048

449

2,497

Additions

-

250

250

Disposals

-

(200

)

(200

)

At 31 March 2025

2,048

499

2,547

DEPRECIATION

At 1 April 2024

820

157

977

Charge for year

410

83

493

Eliminated on disposal

-

(74

)

(74

)

At 31 March 2025

1,230

166

1,396

NET BOOK VALUE

At 31 March 2025

818

333

1,151

At 31 March 2024

1,228

292

1,520

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

539

Other debtors

5,187

9,734

5,187

10,273

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

453

999

Taxation and social security

1,246

980

Other creditors

20,300

1,600

21,999

3,579

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

33,000

8.	OTHER FINANCIAL COMMITMENTS

The company entered into a 5 year lease on 8 December 2022 in respect of the premises from which it trades. At the Balance Sheet date the rent due to the end of the primary lease term totalled £50,667 (2024: £69,667).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mrs TP Cossins

Balance outstanding at start of year

26

-

Amounts advanced

-

26

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

26

The above loan was interest free.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed an amount of £16,800 (2024:£33,000) under a series of loan agreements to a company that is owned and controlled by the director and a close family member.There is no interest charged on these loans under the various agreements. This balance was repaid between the Balance Sheet date and the approval date of these Accounts.