J B Pipe Motor Engineers Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04710599 (England and Wales)

J B PIPE MOTOR ENGINEERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J B Pipe

Mrs E Pipe

M J Pipe

SECRETARY:

M J Pipe

REGISTERED OFFICE:

Unit 8

Commercial Road

Hazel Grove

Stockport

Cheshire

SK7 4BG

REGISTERED NUMBER:

04710599 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

BANKERS:

Barclays Bank plc

South Fields

Leicester

LE87 2BB

FIXED ASSETS

Tangible assets

4

50,300

47,550

CURRENT ASSETS

Stocks

270,129

188,433

Debtors

5

22,465

39,948

Cash at bank

61,682

245,098

354,276

473,479

CREDITORS

Amounts falling due within one year

6

269,986

267,250

NET CURRENT ASSETS

84,290

206,229

TOTAL ASSETS LESS CURRENT
LIABILITIES

134,590

253,779

CREDITORS

Amounts falling due after more than one
year

7

(2,500

)

(12,500

)

PROVISIONS FOR LIABILITIES

(6,582

)

(11,888

)

NET ASSETS

125,508

229,391

CAPITAL AND RESERVES

Called up share capital

9

1,002

Retained earnings

124,506

228,389

SHAREHOLDERS' FUNDS

125,508

229,391

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2025 and were signed on its behalf by:

M J Pipe - Director

1.	STATUTORY INFORMATION

J B Pipe Motor Engineers Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents sales of goods and services, excluding value added tax, which were earned during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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 and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

62,430

83,286

5,028

12,793

163,537

Additions

3,812

6,376

1,000

1,273

12,461

Disposals

-

(5,028

)

(11,080

)

(16,108

)

At 31 March 2025

66,242

89,662

1,000

2,986

159,890

DEPRECIATION

At 1 April 2024

37,622

61,517

5,028

11,820

115,987

Charge for year

4,293

4,222

200

996

9,711

Eliminated on disposal

-

(5,028

)

(11,080

)

(16,108

)

At 31 March 2025

41,915

65,739

200

1,736

109,590

NET BOOK VALUE

At 31 March 2025

24,327

23,923

800

1,250

50,300

At 31 March 2024

24,808

21,769

-

973

47,550

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

12,395

39,948

Prepayments

10,070

-

22,465

39,948

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,000

Trade creditors

42,309

15,905

Corporation tax

-

28,682

Social security and other taxes

5,417

8,572

Net wages

1,502

-

Value added tax

81,039

70,211

Other creditors

1,081

445

Directors' current accounts

113,533

117,843

Accruals

15,105

15,592

269,986

267,250

The Directors' current accounts are interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

2,500

10,000

Bank loans - 2-5 years

-

2,500

12,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loan

12,500

22,500

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,000

Ordinary

£1

1,000

1

Ordinary B

£1

1

Ordinary C

£1

1

1,002

10.	RELATED PARTY DISCLOSURES

During the year, rent amounting to £39,419 (2024: £37,333) was paid to Mr J B Pipe and Mrs E Pipe.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Pipe.