Pipe Ten Hosting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05823310 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 August 2020

for

Pipe Ten Hosting Ltd

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

Mr C Heaton

Mr G J Kimpton

SECRETARY:

Mr G J Kimpton

REGISTERED OFFICE:

39 Mowbray Street

Sheffield

S3 8EN

REGISTERED NUMBER:

05823310 (England and Wales)

ACCOUNTANTS:

ARP Brightmore Limited

Chartered Accountants

Fairholme Bungalow

Hathersage Road

Bamford

Hope Valley

S33 0EB

The directors present their report with the financial statements of the company for the year ended 31 August 2020.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of web hosting and related services.

REVIEW OF BUSINESS

The directors are pleased that the company has managed to weather the storm of the Covid 19 pandemic over the past

year with it having very little effect on revenue and expansion plans. The company managed to successfully follow and

implement their business continuity plan, supporting their customers throughout and have now expanded the team

further ready for the year ahead.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2019 to the date of this

report.

Mr C Heaton

Mr G J Kimpton

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mr G J Kimpton - Secretary

19 October 2020

FIXED ASSETS

Tangible assets

4

99,872

113,163

CURRENT ASSETS

Cash at bank

309,994

262,818

CREDITORS

Amounts falling due within one year

5

30,479

28,829

NET CURRENT ASSETS

279,515

233,989

TOTAL ASSETS LESS CURRENT LIABILITIES

379,387

347,152

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

379,287

347,052

SHAREHOLDERS' FUNDS

379,387

347,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2020 and were signed on its behalf by:

Mr C Heaton - Director

Mr G J Kimpton - Director

1.	STATUTORY INFORMATION

Pipe Ten Hosting 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

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 9 (2019 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2019

360,487

Additions

20,000

At 31 August 2020

380,487

DEPRECIATION

At 1 September 2019

247,324

Charge for year

33,291

At 31 August 2020

280,615

NET BOOK VALUE

At 31 August 2020

99,872

At 31 August 2019

113,163

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Taxation and social security

24,242

22,187

Other creditors

6,237

6,642

30,479

28,829

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Pipe Ten Hosting Ltd for the year ended 31 August 2020 which comprise the Statement of

Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pipe Ten Hosting Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pipe Ten Hosting Ltd and state those matters that we have agreed to state to the Board of Directors of Pipe Ten Hosting Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pipe Ten Hosting Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pipe Ten Hosting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pipe Ten Hosting Ltd. You consider that Pipe Ten Hosting Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pipe Ten Hosting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

ARP Brightmore Limited

Chartered Accountants

Fairholme Bungalow

Hathersage Road

Bamford

Hope Valley

S33 0EB

19 October 2020