Company Registration No. 05764481 (England and Wales)
PIPECREST LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
PIPECREST LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PIPECREST LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,530
-
Current assets
Debtors
6,962
6,312
6,962
6,312
Creditors: amounts falling due within one year
(8,134)
(5,986)
Net current (liabilities)/assets
(1,172)
326
Total assets less current liabilities
358
326
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
258
226
Shareholders' funds
358
326
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 8 December 2015
P Glease
Director
Company Registration No. 05764481
PIPECREST LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Motor vehicles
15% Reducing balance method
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
-
Additions
1,800
At 31 March 2015
1,800
Depreciation
At 1 April 2014
-
Charge for the year
270
At 31 March 2015
270
Net book value
At 31 March 2015
1,530
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100