1 October 2024 false No description of principal activity Taxfiler 2024.6 03428349 business:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 03428349 2024-09-30 03428349 2024-10-01 2025-09-30 03428349 business:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 03428349 business:AbridgedAccounts 2024-10-01 2025-09-30 03428349 2025-09-30 03428349 business:Director1 2024-10-01 2025-09-30 03428349 business:Director2 2024-10-01 2025-09-30 03428349 business:CompanySecretary1 2024-10-01 2025-09-30 03428349 business:RegisteredOffice 2024-10-01 2025-09-30 03428349 2024-09-30 03428349 core:WithinOneYear 2025-09-30 03428349 core:WithinOneYear 2024-09-30 03428349 core:ShareCapital core:PreviouslyStatedAmount 2025-09-30 03428349 core:ShareCapital core:PreviouslyStatedAmount 2024-09-30 03428349 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-09-30 03428349 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-09-30 03428349 core:PreviouslyStatedAmount 2025-09-30 03428349 core:PreviouslyStatedAmount 2024-09-30 03428349 business:SmallEntities 2024-10-01 2025-09-30 03428349 countries:EnglandWales 2024-10-01 2025-09-30 03428349 core:PlantMachinery 2024-10-01 2025-09-30 03428349 core:ComputerEquipment 2024-10-01 2025-09-30 03428349 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company Registration No. 03428349 (England and Wales)
S.M.P. Pipe Systems Limited Unaudited accounts for the year ended 30 September 2025
S.M.P. Pipe Systems Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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S.M.P. Pipe Systems Limited Company Information for the year ended 30 September 2025
Directors
Michael Preen Stanley Preen
Secretary
Michael Preen
Company Number
03428349 (England and Wales)
Registered Office
185 Beacon Park Road Plymouth PL2 2QS
Accountants
McWhite Tax and Accounts 134 Dunstone View Plymstock PLYMOUTH Devon PL9 8QW
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S.M.P. Pipe Systems Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
210,000
210,000
Investments
28,140
25,710
238,140
235,710
Current assets
Debtors
7,391
120
Cash at bank and in hand
15,294
24,821
22,685
24,941
Creditors: amounts falling due within one year
(16,313)
(9,876)
Net current assets
6,372
15,065
Total assets less current liabilities
244,512
250,775
Provisions for liabilities
Deferred tax
(13,239)
(12,777)
Net assets
231,273
237,998
Capital and reserves
Called up share capital
4
4
Profit and loss account
231,269
237,994
Shareholders' funds
231,273
237,998
For the year ending 30 September 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 21 January 2026 and were signed on its behalf by
Michael Preen Director Company Registration No. 03428349
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S.M.P. Pipe Systems Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
S.M.P. Pipe Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 03428349. The registered office is 185 Beacon Park Road, Plymouth, PL2 2QS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
33% on cost
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Debtors
Short term debtors are measured at transaction price, less any impairment
Creditors
Short term creditors are measured at the transaction price.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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S.M.P. Pipe Systems Limited Notes to the Accounts for the year ended 30 September 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 October 2024
18,288
Disposals
(18,288)
At 30 September 2025
-
Depreciation
At 1 October 2024
18,288
On disposals
(18,288)
At 30 September 2025
-
Net book value
At 30 September 2025
-
5
Average number of employees
During the year the average number of employees was 3 (2024: 5).
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