Company Registration No. SC241615 (Scotland)
M & T Pipeline Supplies Limited
Unaudited accounts
for the year ended 31 December 2018
M & T Pipeline Supplies Limited
Unaudited accounts
Contents
M & T Pipeline Supplies Limited
Company Information
for the year ended 31 December 2018
Directors
Iain Martin
Keith Thomson
Company Number
SC241615 (Scotland)
Registered Office
30 Kemps End
Tranent
East Lothian
EH33 2GZ
Accountants
E F Accountants
The Old Schoolhouse
Rothiemurchus
Aviemore
Inverness-shire
PH22 1QH
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
M & T Pipeline Supplies Limited
for the year ended 31 December 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
M & T Pipeline Supplies Limited for the year ended
31 December 2018 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance.
E F Accountants
Chartered Accountants
The Old Schoolhouse
Rothiemurchus
Aviemore
Inverness-shire
PH22 1QH
27 September 2019
M & T Pipeline Supplies Limited
Statement of financial position
as at
31 December 2018
Tangible assets
68,160
86,333
Inventories
121,000
110,000
Cash at bank and in hand
362,347
247,869
Creditors: amounts falling due within one year
(421,277)
(314,986)
Net current assets
456,516
430,955
Net assets
524,676
517,288
Called up share capital
12,500
12,500
Profit and loss account
512,176
504,788
Shareholders' funds
524,676
517,288
For the year ending 31 December 2018 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 September 2019.
Iain Martin
Director
Company Registration No. SC241615
M & T Pipeline Supplies Limited
Notes to the Accounts
for the year ended 31 December 2018
M & T Pipeline Supplies Limited is a private company, limited by shares, registered in Scotland, registration number SC241615. The registered office is 30 Kemps End, Tranent, East Lothian, EH33 2GZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 15 years
Plant & machinery
Over 4 years
Motor vehicles
Over 4 years
Fixtures & fittings
Over 10 years
M & T Pipeline Supplies Limited
Notes to the Accounts
for the year ended 31 December 2018
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2018
151,749
4,581
77,468
1,300
235,098
Additions
-
-
15,300
-
15,300
At 31 December 2018
151,749
4,581
92,768
1,300
250,398
At 1 January 2018
82,956
3,109
61,400
1,300
148,765
Charge for the year
10,117
164
23,192
-
33,473
At 31 December 2018
93,073
3,273
84,592
1,300
182,238
At 31 December 2018
58,676
1,308
8,176
-
68,160
At 31 December 2017
68,793
1,472
16,068
-
86,333
Finished goods
121,000
110,000
Trade debtors
394,446
388,072
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
370,441
255,827
Taxes and social security
47,310
50,930
Loans from directors
26
26
8
Average number of employees
During the year the average number of employees was 9 (2017: 9).