Abbreviated Company Accounts - B.P.&T. INDUSTRIES ATT LIMITED
Abbreviated Company Accounts - B.P.&T. INDUSTRIES ATT LIMITED
Registered Number 08176285
B.P.&T. INDUSTRIES ATT LIMITED
Abbreviated Accounts
31 August 2014
B.P.&T. INDUSTRIES ATT LIMITED Registered Number 08176285
Abbreviated Balance Sheet as at 31 August 2014
| Notes | 2014 | 2013 | |
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| € | € | ||
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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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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For the year ending 31 August 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
B.P.&T. INDUSTRIES ATT LIMITED Registered Number 08176285
Notes to the Abbreviated Accounts for the period ended 31 August 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
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.
COMPLIANCE WITH AND DEPARTURE FROM ACCOUNTING STANDARDS
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
The company has not disclosed the ultimate controlling party which is a requirement of the Financial Reporting Standard for Smaller Entities (effective April 2008). This is a departure from accounting standards. The director is of the opinion that the non disclosure of this information does not affect the truth and fairness of the financial statements.
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.
The director is of the opinion that there is no ultimate controlling party on the basis that the shares in the immediate controlling party, International Piping Industries Ltd, are held in a ratio of 50:50.