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Pipework Systems and Installation Ltd.
SC181373
2014-12-31
199569
1211690
207729
1219850
8160
8160
207729
1219850
207729
1219850
146723
1117009
670091
813359
816814
1930368
56132
105375
670848
166033
89834
1658960
61006
102841
61006
102841
Basis of accounting
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).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Motor Vehicles
reducing balance
0.2500
Equipment
reducing balance
0.2500
226807
281659
5924
-60776
165801
178818
20337
-33354
226807
281659
5924
-60776
165801
178818
-33354
20337
Ordinary
1
8160
8160
8160
2015-09-29
Mr S Johnston
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Pipework Systems and Installation Ltd.
2014-01-01
2014-12-31
Pipework Systems and Installation Ltd.
2013-01-01
2013-12-31
Pipework Systems and Installation Ltd.
2012-12-31
Pipework Systems and Installation Ltd.
2013-12-31
Pipework Systems and Installation Ltd.
2013-12-31
Pipework Systems and Installation Ltd.
2014-12-31
2015-09-29