Registered Number 08176285
B.P.&T. INDUSTRIES ATT LIMITED
Abbreviated Accounts
31 August 2016
Notes | 2016 | 2015 | |
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€ | € | ||
Current assets | |||
Debtors |
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Cash at bank and in hand |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
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Capital and reserves | |||
Called up share capital | 2 |
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Profit and loss account |
( |
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Shareholders' funds |
( |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Standard for Smaller Entities (effective January 2015).
Turnover policy
upon completion of the contractual obligations of all parties.
Other accounting policies
The director has prepared the financial statements on the going concern basis. This is considered
appropriate as the company's shareholders and creditors will continue to provide financial support to the company for the foreseeable future. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise.
Deferred taxation
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 statements and recognition in the tax
computation.
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.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into euros at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into euros at the rate ruling on the date of the
transaction.
Exchange gains and losses are recognised in the Profit and loss account.
Controlling party
Immediate control of the company rests with International Piping Industries Ltd, a company registered in Belize, by virtue of holding 100% of the issued share capital of the company.