Conrad Pipeline Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06494081 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2019

for

Conrad Pipeline Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C A Rees

SECRETARY:

Mrs C Rees

REGISTERED OFFICE:

33 Taillwyd Road

Neath Abbey

Neath

SA10 7DT

REGISTERED NUMBER:

06494081 (England and Wales)

ACCOUNTANTS:

Cambrian & Co Ltd

13A Victoria Gardens

Neath

West Glamorgan

SA11 3AY

FIXED ASSETS

Tangible assets

5

184

246

CURRENT ASSETS

Debtors

6

5,809

9,201

Cash at bank

64,581

40,544

70,390

49,745

CREDITORS

Amounts falling due within one year

7

32,393

22,858

NET CURRENT ASSETS

37,997

26,887

TOTAL ASSETS LESS CURRENT LIABILITIES

38,181

27,133

PROVISIONS FOR LIABILITIES

35

47

NET ASSETS

38,146

27,086

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

38,144

27,084

SHAREHOLDERS' FUNDS

38,146

27,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 September 2019 and were signed by:

C A Rees - Director

1.	STATUTORY INFORMATION

Conrad Pipeline Services Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2018

and 28 February 2019

2,136

DEPRECIATION

At 1 March 2018

1,890

Charge for year

62

At 28 February 2019

1,952

NET BOOK VALUE

At 28 February 2019

184

At 28 February 2018

246

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade debtors

5,809

9,201

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade creditors

1

1

Tax

16,680

16,901

VAT

2,905

3,334

Directors' current accounts

10,077

172

Accrued expenses

2,730

2,450

32,393

22,858

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors advance of £12,285 was repaid to the company on 28/06/2017.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2018 - £37,750) were paid to the director .

The director operates a loan account with the company. At the balance sheet date the director was

owed £10,077 (2018 £172) by the company.The loan is interest free with no fixed repayment.

Mrs C A Rees, wife of director C A Rees and company secretary received dividends of £30,000.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr and Mrs C A Rees by virtue of their 100% shareholding.