Company Registration No. 12275076 (England and Wales)
PIPE FLOW LTD
Unaudited accounts
for the year ended 31 October 2023
PIPE FLOW LTD
Unaudited accounts
Contents
PIPE FLOW LTD
Company Information
for the year ended 31 October 2023
Directors
Harry Brimble
Casey Tuckwell
Company Number
12275076 (England and Wales)
Registered Office
64 Keats Way
West Drayton
Middlesex
UB7 9DU
Accountants
Lane Accounting Limited
Denmark House
143 High Street
Chalfont St Peter
Buckinghamshire
SL9 9QL
PIPE FLOW LTD
Statement of financial position
as at 31 October 2023
Tangible assets
21,887
12,686
Cash at bank and in hand
51,348
34,808
Creditors: amounts falling due within one year
(42,213)
(65,081)
Net current assets
35,243
16,674
Total assets less current liabilities
57,130
29,360
Creditors: amounts falling due after more than one year
-
(5,000)
Called up share capital
2
2
Profit and loss account
57,128
24,358
Shareholders' funds
57,130
24,360
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by
Harry Brimble
Director
Company Registration No. 12275076
PIPE FLOW LTD
Notes to the Accounts
for the year ended 31 October 2023
PIPE FLOW LTD is a private company, limited by shares, registered in England and Wales, registration number 12275076. The registered office is 64 Keats Way, West Drayton, Middlesex, UB7 9DU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% per annum of cost
Fixtures & fittings
25% per annum reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
PIPE FLOW LTD
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
15,457
2,020
17,477
At 31 October 2023
33,123
2,020
35,143
At 1 November 2022
3,864
927
4,791
Charge for the year
7,961
504
8,465
At 31 October 2023
11,825
1,431
13,256
At 31 October 2023
21,298
589
21,887
At 31 October 2022
11,593
1,093
12,686
Amounts falling due within one year
Trade debtors
18,676
31,818
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
(5,000)
5,000
Taxes and social security
25,146
16,293
Loans from directors
20,352
41,997
7
Creditors: amounts falling due after more than one year
2023
2022
The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. During the year £1366 was contributed.
At 31 October 2023, the directors were owed £20,352 (2022 - £41997) by the company.
PIPE FLOW LTD
Notes to the Accounts
for the year ended 31 October 2023
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).