Accounts filed on 31-12-2014
Accounts filed on 31-12-2014
true
04602797
AB PIPELINE SERVICES LIMITED
2014-12-31
14785
26692
374107
402696
3517
-32106
376004
359322
15424
-32106
14785
26692
2475
1975
192574
175816
2999
77
198048
177868
136227
119424
136227
119424
61821
58444
76606
85136
4981
0
4981
76606
80155
100
100
Ordinary
1.00
100
100
100
76506
80055
76606
80155
true
true
true
true
2015-03-03
A BAKER
true
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Hire purchase and leasing commitments
Assets obtained held under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Turnover
Turnover represents net invoiced sales of goods and services arising from the company's principal activity, excluding value added tax.
Plant and Machinery
On cost
20.00
Fixtures and Fittings
On cost
20.00
Motor vehicles
On cost
25.00
Computer vehicle
On cost
33.00
A Baker is the controlling shareholder and director of Hill Baker Construction Services Limited. During the year goods and services were purchases from this company, and goods and services were sold to Hill Baker Construction Services Limited. All transactions were on normal commercial terms. At the year end a sum of £Nil (2013 £478) was owed to Hill Baker Construction Services Limited. TA the end of December 2013 a sum of £10,923 was owed to Hill Baker Construction Services Limited.
Secondly A Baker is also a shareholder and director of T C Mechanical Services Limited. During the year goods and services were purchased from the company, and goods and services were sold to T C Mechanical Services Limited. All transactions were on normal commercial terms.
Related party disclosure continued
At the year end a sum of £311 was owed by T C Mechanical Services Limited.
All transactions were conducted in the normal course of business and on an arm's length basis.
Directors' advances, credits and guarantees
During the year the following transactions occurred with the directors during the years ended 31 December 2014 and 31 December 2013:
31.12.14 31.12.13
A Baker and Mrs A Baker £ £
Balance outstanding at start of year due to directors (13,152) (5,675)
Amounts advanced 19,860 7,515
Amounts repaid (27,800) (14,992)
Balance outstanding at end of year due to directors (21,092) (13,152)
During the year the Directors became entitled to dividends totalling £Nil (2013 £12,000).
Directors' advances, credits and guarantees continued
The sum owed to the directors at the year carries no right to interest and has no set repayment.
Controlling parties
The Directors A Baker and Mrs A Baker jointly control the company.
Other financial commitments
The Company has an operating lease commitment for land and buildings amounting to £34,960 (2013 £34,960) the lease is due to expire between two and five years.
Intangible fixed assets
Total
COST £
At 1 January 2014 and 31 December 2014 35,000
AMORTISATION
At 1 January 2014 and 31 December 2014 35,000
NET BOOK VALUE
At 31 December 2014 -
At 31 December 2013 -
xbrli:shares
xbrli:pure
iso4217:GBP
iso4217:GBP
AB PIPELINE SERVICES LIMITED
2014-01-012014-12-31
AB PIPELINE SERVICES LIMITED
2013-01-01
2013-12-31
AB PIPELINE SERVICES LIMITED
2014-01-01
AB PIPELINE SERVICES LIMITED
2014-12-31
AB PIPELINE SERVICES LIMITED
2013-01-01
AB PIPELINE SERVICES LIMITED
2013-12-31
2015-06-09
