Conrad Pipeline Services Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06494081 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2022

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

576

17,379

CURRENT ASSETS

Debtors

6

200

10,997

Cash at bank

55,476

83,306

55,676

94,303

CREDITORS

Amounts falling due within one year

7

5,028

33,436

NET CURRENT ASSETS

50,648

60,867

TOTAL ASSETS LESS CURRENT LIABILITIES

51,224

78,246

PROVISIONS FOR LIABILITIES

109

3,302

NET ASSETS

51,115

74,944

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

51,113

74,942

SHAREHOLDERS' FUNDS

51,115

74,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 and authorised for issue on 9 June 2022 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.

Motor vehicles

-

25% on reducing balance

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 (2021 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2021

32,849

Additions

666

Disposals

(30,713

)

At 28 February 2022

2,802

DEPRECIATION

At 1 March 2021

15,470

Charge for year

192

Eliminated on disposal

(13,436

)

At 28 February 2022

2,226

NET BOOK VALUE

At 28 February 2022

576

At 28 February 2021

17,379

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Trade debtors

-

10,842

Other debtors

-

155

VAT

200

-

200

10,997

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Tax

2,252

17,742

Social security and other taxes

31

144

VAT

-

3,486

Directors' current accounts

674

9,058

Accrued expenses

2,071

3,006

5,028

33,436

8.	RELATED PARTY DISCLOSURES

The director operates a loan account with the company. The balance owed to the director at the balance sheet date is shown in the notes to the financial statements.

9.	ULTIMATE CONTROLLING PARTY

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