REGISTERED NUMBER: 08904639 (England and Wales)

Pipes & Fittings UK Ltd

Unaudited Financial Statements for the Year Ended 28 February 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A Jacko

REGISTERED OFFICE:

599-613 Princes Road

Dartford

Kent

DA2 6HH

REGISTERED NUMBER:

08904639 (England and Wales)

ACCOUNTANTS:

BK Plus Limited

Chartered Certified Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Intangible assets

4

38,227

69,106

Tangible assets

5

31,692

37,444

Investments

6

230,880

145,410

300,799

251,960

CURRENT ASSETS

Debtors

7

43,435

2,208

Cash at bank and in hand

29,709

111,018

73,144

113,226

CREDITORS

Amounts falling due within one year

8

52,327

42,002

NET CURRENT ASSETS

20,817

71,224

TOTAL ASSETS LESS CURRENT LIABILITIES

321,616

323,184

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

321,614

323,182

SHAREHOLDERS' FUNDS

321,616

323,184

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

The members have not required the company to obtain an audit of its financial statements for the year 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 22 September 2026 and were signed by:

A Jacko - Director

1.	STATUTORY INFORMATION

Pipes & Fittings UK Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Income recognition

Turnover represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

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.

Intangible assets include computer software and cryptocurrency.

Computer software is recognised at cost and amortised on a straight-line basis over its estimated useful life of 5 years, reflecting the pattern in which the asset’s economic benefits are consumed.

Cryptocurrency is classified as an intangible asset under FRS 102 Section 18. It is initially recognised at cost and subsequently measured at fair value, where an active market exists. Gains and losses arising from changes in fair value are recognised in the income statement in the period in which they arise. Cryptocurrency is not amortised but is subject to annual impairment review.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 statement of financial position date.

Hire purchase and leasing commitments

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.

Fixed asset investments

Fixed asset investments are included at fair value and gains and losses are recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1 March 2025

103,289

Revaluations

(26,136

)

At 28 February 2026

77,153

AMORTISATION

At 1 March 2025

34,183

Charge for year

4,743

At 28 February 2026

38,926

NET BOOK VALUE

At 28 February 2026

38,227

At 28 February 2025

69,106

Cost or valuation at 28 February 2026 is represented by:

Other

intangible

assets

£

Valuation in 2026

77,153

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2025

100,027

Additions

4,623

Disposals

(4,466

)

At 28 February 2026

100,184

DEPRECIATION

At 1 March 2025

62,583

Charge for year

8,808

Eliminated on disposal

(2,899

)

At 28 February 2026

68,492

NET BOOK VALUE

At 28 February 2026

31,692

At 28 February 2025

37,444

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 March 2025

145,410

Revaluations

85,470

At 28 February 2026

230,880

NET BOOK VALUE

At 28 February 2026

230,880

At 28 February 2025

145,410

Cost or valuation at 28 February 2026 is represented by:

Other

investments

£

Valuation in 2026

230,880

The fixed asset investments were valued on a fair value basis at the balance sheet date by the director.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

43,435

2,022

Other debtors

-

186

43,435

2,208

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

11,722

6,512

Taxation and social security

3,215

3,082

Other creditors

37,390

32,408

52,327

42,002

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

A Jacko

Balance outstanding at start of year

-

75,826

Amounts repaid

-

(75,826

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-