Arran Pipeline Supplies Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01193923

Arran Pipeline Supplies Limited

Filleted Unaudited Financial Statements

31 March 2025

Arran Pipeline Supplies Limited

Financial Statements

Year ended 31st March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Arran Pipeline Supplies Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		140,464	133,021

Current assets

Stocks		1,355,901	973,204
Debtors	6	2,283,181	2,189,702
Cash at bank and in hand		36,725	400,883
		------------	------------
		3,675,807	3,563,789

Creditors: amounts falling due within one year	7	1,831,899		1,702,844
		------------		------------
Net current assets			1,843,908	1,860,945
			------------	------------
Total assets less current liabilities			1,984,372	1,993,966

Creditors: amounts falling due after more than one year	8		7,831	16,315

Provisions

Taxation including deferred tax	31,250	28,541
	------------	------------
Net assets	1,945,291	1,949,110
	------------	------------

Capital and reserves

Called up share capital	210	210
Profit and loss account	1,945,081	1,948,900
	------------	------------
Shareholders funds	1,945,291	1,949,110
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Arran Pipeline Supplies Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

S.G. Cunniffe	N.A. Cunniffe
Director	Director

Company registration number: 01193923

Arran Pipeline Supplies Limited

Notes to the Financial Statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Forrest Road, Gatewarth Industrial Estate, Great Sankey, Warrington, Cheshire, WA5 1DF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property Improvements	-	10% reducing balance
Plant and Machinery	-	25% reducing balance
Fixtures and Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 27 (2024: 28 ).

5. Tangible assets

	Leasehold property improvements	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1st April 2024	27,894	178,685	136,421	188,005	531,005
Additions	–	18,518	16,927	16,500	51,945
Disposals	( 3,399)	( 89,404)	( 9,868)	( 2,300)	( 104,971)
	--------	---------	---------	---------	---------
At 31st March 2025	24,495	107,799	143,480	202,205	477,979
	--------	---------	---------	---------	---------
Depreciation
At 1st April 2024	21,824	122,461	121,416	132,283	397,984
Charge for the year	429	17,185	4,942	13,965	36,521
Disposals	( 1,615)	( 87,737)	( 6,712)	( 926)	( 96,990)
	--------	---------	---------	---------	---------
At 31st March 2025	20,638	51,909	119,646	145,322	337,515
	--------	---------	---------	---------	---------
Carrying amount
At 31st March 2025	3,857	55,890	23,834	56,883	140,464
	--------	---------	---------	---------	---------
At 31st March 2024	6,070	56,224	15,005	55,722	133,021
	--------	---------	---------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	2,076,782	2,080,685
Other debtors	206,399	109,017
	------------	------------
	2,283,181	2,189,702
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,099,459	857,359
Social security and other taxes	356,165	507,140
Other creditors	376,275	338,345
	------------	------------
	1,831,899	1,702,844
	------------	------------

The outstanding balance on hire purchase contracts is secured on the assets subject to the hire purchase finance.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	7,831	16,315
	-------	--------

The outstanding balance on hire purchase contracts is secured on the assets subject to the hire purchase finance.

9. Related party transactions

At 31 March 2025 the company owed £200,000 (2024: £64,000) to companies related by common ownership and control.

10. Controlling party

The company was under the control of no one individual throughout the current and previous year.