REGISTERED NUMBER: 07003199 (England and Wales)

Unaudited Financial Statements

for the Period

1 September 2024 to 28 February 2026

for

Pipes & Wires Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C T Stoward

REGISTERED OFFICE:

Shadwell House

65 Lower Green Road

Rusthall

Tunbridge Wells

Kent

TN4 8TW

REGISTERED NUMBER:

07003199 (England and Wales)

ACCOUNTANTS:

Peter Hodgson & Co.

Chartered Accountants

Shadwell House

65 Lower Green Road

Tunbridge Wells

Kent

TN4 8TW

FIXED ASSETS

Property, plant and equipment

4

2,699

3,597

CURRENT ASSETS

Inventories

5

500

500

Debtors

6

1,308

336

Cash at bank

2,488

4,339

4,296

5,175

CREDITORS

Amounts falling due within one year

7

9,284

4,298

NET CURRENT (LIABILITIES)/ASSETS

(4,988

)

877

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,289

)

4,474

PROVISIONS FOR LIABILITIES

8

513

683

NET (LIABILITIES)/ASSETS

(2,802

)

3,791

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

10

(3,002

)

3,591

SHAREHOLDERS' FUNDS

(2,802

)

3,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2026 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 25 May 2026 and were signed by:

C T Stoward - Director

1.	STATUTORY INFORMATION

Pipes & Wires 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.

Significant judgements and estimates

There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

Turnover

Revenue 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.

Tools & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Inventories 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 period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Financial instruments

Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Functional currency

The functional currency used by the company is £ Sterling.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Tools &

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

and 28 February 2026

4,403

15,492

1,348

21,243

DEPRECIATION

At 1 September 2024

4,336

12,275

1,035

17,646

Charge for period

16

804

78

898

At 28 February 2026

4,352

13,079

1,113

18,544

NET BOOK VALUE

At 28 February 2026

51

2,413

235

2,699

At 31 August 2024

67

3,217

313

3,597

5.	INVENTORIES

2026

2024

£

£

Stocks

500

500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Trade debtors

977

-

Prepayments

331

336

1,308

336

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Trade creditors

1,413

-

Tax

-

1,721

Social security and other taxes

368

1,350

Directors' current accounts

6,251

249

Accrued expenses

1,252

978

9,284

4,298

8.	PROVISIONS FOR LIABILITIES

2026

2024

£

£

Deferred tax

513

683

Deferred

tax

£

Balance at 1 September 2024

683

Provided during period

(170

)

Balance at 28 February 2026

513

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2024

value:

£

£

200

Ordinary

£1

200

200

10.

RESERVES

Retained

earnings

£

At 1 September 2024

3,591

Deficit for the period

(6,593

)

At 28 February 2026

(3,002

)