REGISTERED NUMBER: 04689121 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

M PIPPARD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Pippard

REGISTERED OFFICE:

46 Main Street

Mexborough

South Yorkshire

S64 9DU

REGISTERED NUMBER:

04689121 (England and Wales)

ACCOUNTANTS:

Leesing Marrison Lee & Co

Chartered Certified Accountants

46 Main Street

Mexborough

South Yorkshire

S64 9DU

FIXED ASSETS

Tangible assets

4

121,755

131,842

CURRENT ASSETS

Stocks

68,726

58,726

Debtors

5

23,585

17,209

Cash at bank and in hand

15,518

22,454

107,829

98,389

CREDITORS

Amounts falling due within one year

6

120,969

192,202

NET CURRENT LIABILITIES

(13,140

)

(93,813

)

TOTAL ASSETS LESS CURRENT LIABILITIES

108,615

38,029

CREDITORS

Amounts falling due after more than one year

7

(25,930

)

(17,891

)

PROVISIONS FOR LIABILITIES

(28,953

)

(21,725

)

NET ASSETS/(LIABILITIES)

53,732

(1,587

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

53,730

(1,589

)

SHAREHOLDERS' FUNDS

53,732

(1,587

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 30th December 2025 and were signed by:

M Pippard - Director

1.	STATUTORY INFORMATION

M Pippard 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 20 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1st April 2024

17,500

74,861

107,868

Additions

-

-

-

At 31st March 2025

17,500

74,861

107,868

DEPRECIATION

At 1st April 2024

-

43,018

43,450

Charge for year

-

7,961

16,104

At 31st March 2025

-

50,979

59,554

NET BOOK VALUE

At 31st March 2025

17,500

23,882

48,314

At 31st March 2024

17,500

31,843

64,418

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

31,665

13,207

245,101

Additions

24,980

-

24,980

At 31st March 2025

56,645

13,207

270,081

DEPRECIATION

At 1st April 2024

16,550

10,241

113,259

Charge for year

10,023

979

35,067

At 31st March 2025

26,573

11,220

148,326

NET BOOK VALUE

At 31st March 2025

30,072

1,987

121,755

At 31st March 2024

15,115

2,966

131,842

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st April 2024

20,710

Additions

24,980

At 31st March 2025

45,690

DEPRECIATION

At 1st April 2024

9,061

Charge for year

9,157

At 31st March 2025

18,218

NET BOOK VALUE

At 31st March 2025

27,472

At 31st March 2024

11,649

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,607

1,283

Other debtors

21,978

15,926

23,585

17,209

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

8,800

Hire purchase contracts

7,349

6,062

Trade creditors

32,782

96,282

Taxation and social security

57,080

52,456

Other creditors

23,758

28,602

120,969

192,202

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

11,733

11,733

Hire purchase contracts

14,197

6,158

25,930

17,891