Pipeline Valves Ltd - Limited company - abbreviated

REGISTERED NUMBER: 06884834 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2015

for

Pipeline Valves Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B M Whiles

REGISTERED OFFICE:

6 Manor Park

Church Road

Gt Barton

Bury St Edmunds

Suffolk

IP31 2QR

REGISTERED NUMBER:

06884834 (England and Wales)

ACCOUNTANTS:

KPSK Accounts and Tax Limited

6 Manor Park

Church Road

Gt Barton

Bury St Edmunds

Suffolk

IP31 2QR

FIXED ASSETS

Tangible assets

2

28,426

7,600

CURRENT ASSETS

Debtors

218,769

84,768

Cash at bank

464,976

594,464

683,745

679,232

CREDITORS

Amounts falling due within one year

198,508

206,006

NET CURRENT ASSETS

485,237

473,226

TOTAL ASSETS LESS CURRENT
LIABILITIES

513,663

480,826

PROVISIONS FOR LIABILITIES

5,685

1,520

NET ASSETS

507,978

479,306

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

506,978

478,306

SHAREHOLDERS' FUNDS

507,978

479,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 June 2015 and were signed by:

B M Whiles - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

17,644

Additions

30,220

At 30 April 2015

47,864

DEPRECIATION

At 1 May 2014

10,044

Charge for year

9,394

At 30 April 2015

19,438

NET BOOK VALUE

At 30 April 2015

28,426

At 30 April 2014

7,600

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/15

30/4/14

value:

£

1,000

Ordinary

£1

1,000

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £106,016 (2014: £91,460) owed to Mr B Whiles, director and shareholder.

Pipeline Valves Ltd - Limited company - abbreviated - 11.6

Pipeline Valves Ltd - Limited company - abbreviated - 11.6