Pipework Resources Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06382786

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		26,696		37,407

			26,696		37,407
CURRENT ASSETS
Debtors	5	1,726		5,441
Cash at bank and in hand		6,889		32,335

		8,615		37,776
Creditors: Amounts Falling Due Within One Year	6	(17,349 )		(21,181 )

NET CURRENT ASSETS (LIABILITIES)			(8,734 )		16,595

TOTAL ASSETS LESS CURRENT LIABILITIES			17,962		54,002

Creditors: Amounts Falling Due After More Than One Year	7		504		(12,640 )

NET ASSETS			18,466		41,362

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			18,464		41,360

SHAREHOLDERS' FUNDS			18,466		41,362

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Pipework Resources Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael BETTS

Director

28/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Pipework Resources Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06382786 . The registered office is 18 The Hawthornes, Beighton, Sheffield, S20 1WA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	NA
Motor Vehicles	NA
Fixtures & Fittings	NA
Computer Equipment	NA

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 8)

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Pipework Resources Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2024	5,878	82,049	1,738	4,765	94,430

As at 30 September 2025	5,878	82,049	1,738	4,765	94,430

Depreciation
As at 1 October 2024	4,952	46,223	1,249	4,599	57,023
Provided during the period	139	10,333	73	166	10,711

As at 30 September 2025	5,091	56,556	1,322	4,765	67,734

Net Book Value
As at 30 September 2025	787	25,493	416	-	26,696

As at 1 October 2024	926	35,826	489	166	37,407

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,726	5,441

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,874	19,578
Other creditors	14,475	1,070
Taxation and social security	-	533

	17,349	21,181

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	(2,511 )	4,791
Bank loans	-	7,849
Other creditors	2,007	-

	(504 )	12,640

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Less: Finance charges allocated to future periods	2,511	(4,791 )

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Pipework Resources Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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