Accounts Submission

Accounts Submission

PIP TEAM LIMITED - Company Information

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PIP TEAM LIMITED

Company Registration Number:
06253782 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

Page 1

PIP TEAM LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Page 2

PIP TEAM LIMITED

Company Information

for the Period Ended 31 March 2022




Director: David Jennings
Registered office: Ca Suffit
Ca Suffit
8 Fern Mead
Cranleigh
Surrey
England
GU6 7GB
Company Registration Number: 06253782 (England and Wales)

Page 3

PIP TEAM LIMITED

Directors' Report Period Ended 31 March 2022

The directors present their report with the financial statements of the company for the period ended 31 March 2022

Principal Activities

Provision of management support and consulting services to small and medium size businesses

Political and charitable donations

None

Company policy on the employment of disabled persons

We employ all staff strictly on their ability to perform a given role

Directors

The directors shown below have held office during the whole of the period from 01 April 2021 to 31 March 2022
David Jennings

This report was approved by the board of directors on 12 December 2022
And Signed On Behalf Of The Board By:

Name: David Jennings
Status: Director

Page 4

PIP TEAM LIMITED

Profit and Loss Account

for the Period Ended 31 March 2022


Notes
2022
£
2021
£
Gross Profit or (Loss) 40,798 27,996
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 44,134 ) ( 64,134 )
Operating Profit or (Loss) ( 3,336 ) ( 36,138 )
Interest Receivable and Similar Income 16,448 10,468
Interest Payable and Similar Charges ( 282 ) ( 0 )
Profit or (Loss) Before Tax 12,830 ( 25,670 )
Tax on Profit ( 2,566 ) ( 0 )
Profit or (Loss) for Period 10,264 ( 25,670 )

The notes form part of these financial statements

Page 5

PIP TEAM LIMITED

Balance sheet

As at 31 March 2022


Notes
2022
£
2021
£
Fixed assets
Intangible assets: 4 25 25
Tangible assets: 5 29,721 0
Total fixed assets: 29,746 25
Current assets
Stocks: 0 0
Debtors: 198,550 209,259
Cash at bank and in hand: 31,456 35,902
Total current assets: 230,006 245,161
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 360 ) ( 702 )
Net current assets (liabilities): 229,646 244,459
Total assets less current liabilities: 259,392 244,484
Creditors: amounts falling due after more than one year: ( 10,153 ) ( 0 )
Provision for liabilities: ( 12,473 ) ( 9,346 )
Accruals and deferred income: ( 0 ) ( 6,000 )
Total net assets (liabilities): 236,766 229,138

The notes form part of these financial statements

Page 6

PIP TEAM LIMITED

Balance sheet continued

As at 31 March 2022


Notes
2022
£
2021
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 236,666 229,038
Shareholders funds: 236,766 229,138

For the year ending 31 March 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 December 2022
And Signed On Behalf Of The Board By:

Name: David Jennings
Status: Director

The notes form part of these financial statements

Page 7

PIP TEAM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible assets depreciated on a straight line bases over 3 years.

Page 8

PIP TEAM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 2. Employees


    2022
    2021
    Average number of employees during the period 1 1

Page 9

PIP TEAM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 3. Off balance sheet disclosure

    No

Page 10

PIP TEAM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 4. Intangible assets

    Total
    Cost £
    At 01 April 2021 25
    Additions 0
    Disposals (0)
    Revaluations 0
    Transfers 0
    At 31 March 2022 25
    Amortisation
    Amortisation at 01 April 2021 0
    Charge for year 0
    On disposals (0)
    Other adjustments 0
    Amortisation at 31 March 2022 0
    Net book value
    Net book value at 31 March 2022 25
    Net book value at 31 March 2021 25

    Intangible assets are shares in Korten Limited. These have not been revalued since purchase.

Page 11

PIP TEAM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Tangible Assets

Total
Cost £
At 01 April 2021 0
Additions 32,423
Disposals (0)
Revaluations 0
Transfers 0
At 31 March 2022 32,423
Depreciation
At 01 April 2021 0
Charge for year 2,702
On disposals (0)
Other adjustments 0
At 31 March 2022 2,702
Net book value
At 31 March 2022 29,721
At 31 March 2021 0

Page 12