Pipe Ten Hosting Ltd
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Registered number: |
05823310
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Directors' Report |
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The directors present their report and accounts for the year ended 31 August 2017. |
Principle A |
Principal Activities |
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The Company's principal activity during the year continued to be providing web |
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hosting and related services and the directors are satisfied that revenue improved |
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over the previous years and has put in plans to do so further next year. |
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The company also managed to achieve a place and successfully complete the |
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Goldman Sachs 10,000 small business programme. |
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Over the next year the company plans to further expand their team and achieve |
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ISO 27001 accreditation. |
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G Kimpton
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C Heaton
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Small company provisions |
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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This report was approved by the board on 11 September 2017 and signed on its behalf. |
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C Heaton |
Director |
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Pipe Ten Hosting Ltd |
Accountants' Report |
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Accountants' report to the directors of |
Pipe Ten Hosting Ltd |
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You consider that the company is exempt from an audit for the year ended 31 August 2017. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
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First Accountancy |
Chartered Management Accountants |
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52A High Street |
Beighton |
Sheffield |
S20 1ED |
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11 September 2017 |
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Pipe Ten Hosting Ltd
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Notes to the Accounts |
for the year ended 31 August 2017
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
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Plant and machinery |
25% reducing balance |
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Fixtures, fittings, tools and equipment |
25% reducing balance |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate.
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2 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 September 2016 |
224,947 |
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Additions |
28,940 |
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At 31 August 2017 |
253,887 |
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Depreciation |
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At 1 September 2016 |
158,458 |
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Charge for the year |
23,857 |
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At 31 August 2017 |
182,315 |
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Net book value |
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At 31 August 2017 |
71,572 |
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At 31 August 2016 |
66,489 |
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3 |
Debtors |
2017 |
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2016 |
£ |
£ |
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Other debtors |
40,800 |
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55,200 |
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4 |
Creditors: amounts falling due within one year |
2017 |
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2016 |
£ |
£ |
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Bank loans and overdrafts |
2,345 |
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1,848 |
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Corporation tax |
5,109 |
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(4,788) |
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Other taxes and social security costs |
13,528 |
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21,698 |
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Other creditors |
7,376 |
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4,123 |
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28,358 |
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22,881 |
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2016 Corporation tax includes a reclaim for R & D claim |
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5 |
Other information |
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Pipe Ten Hosting Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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39 Mowbray Street |
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Sheffield |
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South Yorkshire |
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S38EN |