REGISTERED NUMBER:
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M & T Pipeline Supplies Ltd |
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Abbreviated Accounts For The Year Ended 31 December 2014 |
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REGISTERED NUMBER:
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M & T Pipeline Supplies Ltd |
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Abbreviated Accounts For The Year Ended 31 December 2014 |
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M & T Pipeline Supplies Ltd (Registered number: SC241615) |
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Contents of the Abbreviated Accounts |
For The Year Ended 31 December 2014 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Abbreviated Balance Sheet | 3 |
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Notes to the Abbreviated Accounts | 5 |
M & T Pipeline Supplies Ltd |
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Company Information |
For The Year Ended 31 December 2014 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
M & T Pipeline Supplies Ltd |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of M & T Pipeline Supplies Ltd for the year ended 31 December 2014 which comprise the Profit |
and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information |
and explanations you have given us. |
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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 at icaew.com/membershandbook. |
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This report is made solely to the Board of Directors of M & T Pipeline Supplies 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 M & T Pipeline Supplies Ltd and state those matters that we have agreed to state to the Board of Directors of M & T Pipeline Supplies Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that M & T Pipeline Supplies 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 M & T Pipeline Supplies Ltd. You consider that M & T Pipeline Supplies Ltd is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of M & T Pipeline Supplies 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. |
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24 September 2015 |
M & T Pipeline Supplies Ltd (Registered number: SC241615) |
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Abbreviated Balance Sheet |
31 December 2014 |
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31.12.14 | 31.12.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
M & T Pipeline Supplies Ltd (Registered number: SC241615) |
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Abbreviated Balance Sheet - continued |
31 December 2014 |
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The financial statements were approved by the Board of Directors on
by: |
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M & T Pipeline Supplies Ltd (Registered number: SC241615) |
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Notes to the Abbreviated Accounts |
For The Year Ended 31 December 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover, which excludes value added tax and trade discounts, represents invoiced sales of goods and services |
supplied during the year. Work carried out but not completed or invoiced at the year end has been brought into |
sales for the year. |
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Tangible fixed assets |
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Freehold property | - |
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Equipment | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the |
recognition of gains and losses in the financial statement and recognition in the tax computation. |
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable |
taxable profits from which the future reversal of the underlying timing differences can be deducted. |
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Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing |
differences are excepted to reverse. |
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Deferred tax assets and liabilities are not discounted. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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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 the profit and loss account in the period to which they relate. |
M & T Pipeline Supplies Ltd (Registered number: SC241615) |
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Notes to the Abbreviated Accounts - continued |
For The Year Ended 31 December 2014 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
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Additions |
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Disposals | ( |
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At 31 December 2014 |
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DEPRECIATION |
At 1 January 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
value: | £ | £ |
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Ordinary | £1 |
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