M P Gethen Mechanical Process Pipework Limited,Ltd - AccountsLtd - Accounts

M P GETHEN MECHANICAL PROCESS PIPEWORK LIMITED - Company Information

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M P Gethen Mechanical Process Pipework Limited

Registered Number:04171160

For the year ended 31 March 2022

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2022

M P Gethen Mechanical Process Pipework Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

04171160

As at 31 March 2022

M P Gethen Mechanical Process Pipework Limited

Statement of Financial Position

2021

2022

Notes

Fixed assets

Property, plant and equipment

8,680

11,157

8,680

11,157

Current assets

Inventories

2,300

7,200

Trade and other receivables

37,928

31,304

20,002

Cash and cash equivalents

10,700

49,204

60,230

Trade and other payables: amounts falling due within one

year

(46,167)

(34,276)

14,063

14,928

Net current assets

Total assets less current liabilities

23,608

25,220

23,608

Net assets

25,220

Capital and reserves

Called up share capital

Retained earnings

23,606

25,218

23,608

25,220

Shareholders' funds

For the year ended 31 March 2022 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 of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

M P Gethen Director

These financial statements were approved and authorised for issue by the Board on 13 September 2022 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2022

M P Gethen Mechanical Process Pipework Limited

Notes to the Financial Statements

Statutory Information

M P Gethen Mechanical Process Pipework Limited is a private limited company, limited by shares, domiciled in

England and Wales, registration number 04171160.

Registered address:

14 Willetts Road

Chaddesden

Derby

Derbyshire

DE21 4NH

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

15% Reducing balance

33% per annum on cost

Computer equipment

25% Reducing balance

Motor vehicles

10% Reducing balance

Fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.

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For the year ended 31 March 2022

M P Gethen Mechanical Process Pipework Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 April 2021

92,366

2,293

7,446

67,204

15,423

At 31 March 2022

67,204

7,446

2,293

92,366

15,423

Provision for depreciation and impairment

At 01 April 2021

81,209

2,293

6,320

58,617

13,979

Charge for year

2,477

113

2,147

217

At 31 March 2022

83,686

2,293

6,433

60,764

14,196

At 31 March 2022

Net book value

1,227

6,440

1,013

8,680

At 31 March 2021

1,444

8,587

1,126

11,157

3. Inventories

2021

2022

Stocks

7,200

2,300

4. Trade and other receivables

2021

2022

Trade debtors

16,392

37,435

Other debtors

14,912

493

37,928

31,304

5. Trade and other payables: amounts falling due within one year

2021

2022

Trade creditors

8,148

3,621

Taxation and social security

203

8,896

Other creditors

25,925

33,650

34,276

46,167

6. Average number of persons employed

During the year the average number of employees was 4 (2021 : 6)

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For the year ended 31 March 2022

M P Gethen Mechanical Process Pipework Limited

Notes to the Financial Statements Continued

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