REGISTERED NUMBER: 08055798 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MULTIPIPE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mrs J Young

M Young

Registered office:

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

Registered number:

08055798 (England and Wales)

Accountants:

Baverstocks Limited

Chartered Certified Accountants

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

Fixed assets

Intangible assets

4

50,770

63,462

Tangible assets

5

76,451

84,276

127,221

147,738

Current assets

Stocks

317,001

406,245

Debtors

219,156

132,576

Cash at bank and in hand

151,000

165,434

687,157

704,255

Creditors

Amounts falling due within one year

462,945

403,009

Net current assets

224,212

301,246

Total assets less current liabilities

351,433

448,984

Creditors

Amounts falling due after more than one year

(20,360

)

(26,432

)

Provisions for liabilities

(13,967

)

(17,177

)

Net assets

317,106

405,375

Capital and reserves

Called up share capital

7

302

302

Capital redemption reserve

100

100

EOT share purchase reserve

8

(763,327

)

(527,536

)

Retained earnings

1,080,031

932,509

Shareholders' funds

317,106

405,375

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

M Young - Director

1.	Statutory information

Multipipe 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short Leasehold

-

Over the term of the Lease

Plant and Machinery

-

15% on reducing balance

Fixtures and Fittings

-

15% on reducing balance

Motor Vehicles

-

25% on reducing balance

Office 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 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.

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 10 (2024 - 10 ) .

4.	Intangible fixed assets

Totals

£

Cost

At 1 January 2025

and 31 December 2025

126,923

Amortisation

At 1 January 2025

63,461

Amortisation for year

12,692

At 31 December 2025

76,153

Net book value

At 31 December 2025

50,770

At 31 December 2024

63,462

5.	Tangible fixed assets

Totals

£

Cost

At 1 January 2025

163,949

Additions

19,141

At 31 December 2025

183,090

Depreciation

At 1 January 2025

79,673

Charge for year

26,966

At 31 December 2025

106,639

Net book value

At 31 December 2025

76,451

At 31 December 2024

84,276

6.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

6,042

5,613

Between one and five years

20,360

26,432

26,402

32,045

Non-cancellable

operating leases

2025

2024

£

£

Within one year

39,000

39,000

Between one and five years

39,000

71,500

78,000

110,500

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

302

Ordinary

£1.00

302

302

8.

Reserves

EOT share

purchase

reserve

£

At 1 January 2025

(527,536

)

EOT share purchase reserve

(235,791

)

At 31 December 2025

(763,327

)