REGISTERED NUMBER: 06589989 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

Special Pipeline Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Conroy

M Rice

Mrs D Conroy

REGISTERED OFFICE:

Burns Farm

Wainfleet Road

Skegness

PE25 2EL

REGISTERED NUMBER:

06589989 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Tangible assets

4

268,350

262,564

CURRENT ASSETS

Stocks

200,000

625,000

Debtors

5

905,042

578,160

Cash at bank

82,864

6,970

1,187,906

1,210,130

CREDITORS

Amounts falling due within one year

6

1,051,959

1,098,210

NET CURRENT ASSETS

135,947

111,920

TOTAL ASSETS LESS CURRENT LIABILITIES

404,297

374,484

CREDITORS

Amounts falling due after more than one year

7

(70,643

)

(85,412

)

PROVISIONS FOR LIABILITIES

(67,088

)

(57,190

)

NET ASSETS

266,566

231,882

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

266,466

231,782

SHAREHOLDERS' FUNDS

266,566

231,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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.

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 27 October 2026 and were signed on its behalf by:

S Conroy - Director

1.	STATUTORY INFORMATION

Special Pipeline Services 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.

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.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2025 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2025

145,870

129

195,007

1,073

342,079

Additions

23,011

-

48,001

232

71,244

At 30 April 2026

168,881

129

243,008

1,305

413,323

DEPRECIATION

At 1 May 2025

17,742

128

60,679

966

79,515

Charge for year

29,268

1

36,156

33

65,458

At 30 April 2026

47,010

129

96,835

999

144,973

NET BOOK VALUE

At 30 April 2026

121,871

-

146,173

306

268,350

At 30 April 2025

128,128

1

134,328

107

262,564

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

528,947

478,625

Amounts owed by related parties

349,103

38,804

Other debtors

4,983

3,183

VAT

-

38,515

Prepayments and accrued income

22,009

19,033

905,042

578,160

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

52,111

40,110

Trade creditors

100,895

182,964

Amounts owed to related parties

822,448

690,253

Tax

1,244

20,449

Social security and other taxes

16,224

74,190

VAT

1,295

-

Other creditors

8,216

11,556

Accrued expenses

49,526

78,688

1,051,959

1,098,210

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

70,643

85,412

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100