Company Registration No. 13579094 (England and Wales)
Pipeline Organics Ltd
Unaudited accounts
for the period from 1 July 2025 to 31 March 2026
Pipeline Organics Ltd
Unaudited accounts
Contents
Pipeline Organics Ltd
Company Information
for the period from 1 July 2025 to 31 March 2026
Directors
Andrew Raslan
Dr Keyvan Jodeiri
Secretary
OHS SECRETARIES LIMITED
Company Number
13579094 (England and Wales)
Registered Office
Medicity Nottingham
D6 Thane Road
Nottingham
Nottinghamshire
NG90 6BH
England
Accountants
Elmers Green Accountancy Services Ltd
520 Birchwood Boulevard
Birchwood, Warrington
England
WA3 7QX
Pipeline Organics Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
25,279
26,271
Cash at bank and in hand
125,233
388,581
Creditors: amounts falling due within one year
(52,980)
(11,894)
Net current assets
219,680
384,801
Net assets
244,959
411,072
Called up share capital
5,085
5,085
Share premium
872,515
872,515
Profit and loss account
(632,641)
(466,528)
Shareholders' funds
244,959
411,072
For the period ending 31 March 2026 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.
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 28 July 2026 and were signed on its behalf by
Andrew Raslan
Director
Company Registration No. 13579094
Pipeline Organics Ltd
Notes to the Accounts
for the period from 1 July 2025 to 31 March 2026
Pipeline Organics Ltd is a private company, limited by shares, registered in England and Wales, registration number 13579094. The registered office is Medicity Nottingham, D6 Thane Road, Nottingham, Nottinghamshire, NG90 6BH, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Plant & machinery
25% on reducing balance
Computer equipment
20% straight line
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 balance sheet date.
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 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.
Pipeline Organics Ltd
Notes to the Accounts
for the period from 1 July 2025 to 31 March 2026
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.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Ordinary shares are classed as equity. Mandatorily redeemable preference shares are classified as liabilities.The dividends on these preference shares are taken to the income statement as finance expense.
Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts.Bank overdrafts are shown within borrowings in current liabilities.
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
Change in Accounting Period
During the year, the company changed its accounting reference date. Accordingly, these financial statements cover the period from 1 July 2025 to 31 March 2026 (9 months). The comparative figures cover the period from 1 January 2024 to 30 June 2025 (18 months). Consequently, the current year's results are not directly comparable with those of the previous period.
Grants received are recognised when there is reasonable assurance that the company will comply with the conditions attached to the grant and that the grant will be received.
Grants relating to the acquisition of tangible fixed assets are recognised as deferred income and credited to the profit and loss account on a systematic basis over the useful economic lives of the related assets.
Grants relating to revenue expenditure are recognised in the profit and loss account in the same period as the related expenditure is incurred, thereby matching the grant income with the associated costs.
Pipeline Organics Ltd
Notes to the Accounts
for the period from 1 July 2025 to 31 March 2026
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2025
27,967
6,723
34,690
At 31 March 2026
33,148
6,865
40,013
At 1 July 2025
7,124
1,295
8,419
Charge for the period
5,292
1,023
6,315
At 31 March 2026
12,416
2,318
14,734
At 31 March 2026
20,732
4,547
25,279
At 30 June 2025
20,843
5,428
26,271
Amounts falling due within one year
Accrued income and prepayments
119,142
676
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
8,173
5,656
Allotted, called up and fully paid:
3,645,800 Ordinary shares of £0.001 each
3,645.80
4,000.00
458,664 Seed 1 Preffered of £0.001 each
458.66
458.66
200,000 Seed 2 Preffered of £0.001 each
200.00
200.00
425,507 Seed Ordinary of £0.001 each
425.50
425.50
354,200 Deferred Shares of £0.001 each
354.20
-
Shares issued during the period:
354,200 Deferred Shares of £0.001 each
354.20
Pipeline Organics Ltd
Notes to the Accounts
for the period from 1 July 2025 to 31 March 2026
8
Average number of employees
During the period the average number of employees was 6 (2025: 6).