Conrad Pipeline Services Limited - Accounts to registrar (filleted) - small 18.2

Conrad Pipeline Services Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 06494081 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2021

for

Conrad Pipeline Services Limited

Conrad Pipeline Services Limited (Registered number: 06494081)






Contents of the Financial Statements
for the Year Ended 28 February 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Conrad Pipeline Services Limited

Company Information
for the Year Ended 28 February 2021







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

Conrad Pipeline Services Limited (Registered number: 06494081)

Statement of Financial Position
28 February 2021

28.2.21 29.2.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 17,379 23,172

CURRENT ASSETS
Debtors 6 10,997 11,934
Cash at bank 83,306 58,840
94,303 70,774
CREDITORS
Amounts falling due within one year 7 33,436 23,543
NET CURRENT ASSETS 60,867 47,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,246

70,403

PROVISIONS FOR LIABILITIES 3,302 4,403
NET ASSETS 74,944 66,000

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 74,942 65,998
SHAREHOLDERS' FUNDS 74,944 66,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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.

Conrad Pipeline Services Limited (Registered number: 06494081)

Statement of Financial Position - continued
28 February 2021


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 27 May 2021 and were signed by:





C A Rees - Director


Conrad Pipeline Services Limited (Registered number: 06494081)

Notes to the Financial Statements
for the Year Ended 28 February 2021

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.

Conrad Pipeline Services Limited (Registered number: 06494081)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2021

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2020
and 28 February 2021 32,849
DEPRECIATION
At 1 March 2020 9,677
Charge for year 5,793
At 28 February 2021 15,470
NET BOOK VALUE
At 28 February 2021 17,379
At 29 February 2020 23,172

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.21 29.2.20
£    £   
Trade debtors 10,842 11,934
Other debtors 155 -
10,997 11,934

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.21 29.2.20
£    £   
Tax 17,742 13,895
Social security and other taxes 144 680
VAT 3,486 3,509
Directors' current accounts 9,058 2,578
Accrued expenses 3,006 2,881
33,436 23,543

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £31,000 (2020 - £25,000) were paid to the director .

Conrad Pipeline Services Limited (Registered number: 06494081)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2021

8. RELATED PARTY DISCLOSURES - continued

The director operates a loan account with the company. At the balance sheet date the director was owed £9,058 (2020 2,578) by the company.The loan is interest free with no fixed repayment term.
Mrs C A Rees, wife of director C A Rees and company secretary received dividends of £31,000.

9. ULTIMATE CONTROLLING PARTY

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