NT_Collins_Pipe_Services_Limited_31_Dec_2022_companies_house_set_of_accounts.html

NT_Collins_Pipe_Services_Limited_31_Dec_2022_companies_house_set_of_accounts.html

N.T COLLINS PIPE SERVICES LIMITED - Company Information

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1 January 2022 v2023.21.1 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0truexbrli:purexbrli:sharesiso4217:GBP093168902022-01-012022-12-31093168902022-12-31093168902021-12-3109316890core:WithinOneYear2022-12-3109316890core:WithinOneYear2021-12-3109316890core:ShareCapital2022-12-3109316890core:ShareCapital2021-12-3109316890core:RetainedEarningsAccumulatedLosses2022-12-3109316890core:RetainedEarningsAccumulatedLosses2021-12-3109316890bus:Director12022-01-012022-12-3109316890bus:RegisteredOffice2022-01-012022-12-31093168902021-01-012021-12-310931689012022-01-012022-12-3109316890countries:EnglandWales2022-01-012022-12-3109316890bus:AuditExemptWithAccountantsReport2022-01-012022-12-3109316890bus:PrivateLimitedCompanyLtd2022-01-012022-12-3109316890bus:SmallEntities2022-01-012022-12-3109316890bus:FullAccounts2022-01-012022-12-31
Company registration number:
09316890
N.T Collins Pipe Services Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2022
MG Accountants & Tax Advisers Limited
Chartered Accountants
166 College Road, Harrow, Middlesex, HA1 1BH, United Kingdom
N.T Collins Pipe Services Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of N.T Collins Pipe Services Limited
Year ended
31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
N.T Collins Pipe Services Limited
for the year ended
31 December 2022
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
N.T Collins Pipe Services Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
N.T Collins Pipe Services Limited
and state those matters that we have agreed to state to the Board of Directors of
N.T Collins Pipe Services Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
N.T Collins Pipe Services Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
N.T Collins Pipe Services Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
N.T Collins Pipe Services Limited
. You consider that
N.T Collins Pipe Services Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of N.T Collins Pipe Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MG Accountants & Tax Advisers Limited
Chartered Accountants
166 College Road
Harrow, Middlesex
HA1 1BH
United Kingdom
Date:
29 September 2023
N.T Collins Pipe Services Limited
Statement of Financial Position
31 December 2022
20222021
Note££
Current assets    
Debtors 5
25,906
 
50,983
 
Cash at bank and in hand
2,167
 
10,579
 
28,073
 
61,562
 
Creditors: amounts falling due within one year 6
(27,190
 )
(46,329
 )
Net current assets
883
 
15,233
 
Total assets less current liabilities 883   15,233  
Capital and reserves    
Called up share capital
135
 
135
 
Profit and loss account
748
 
15,098
 
Shareholders funds
883
 
15,233
 
For the year ending
31 December 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 September 2023
, and are signed on behalf of the board by:
N Collins
Director
Company registration number:
09316890
N.T Collins Pipe Services Limited
Notes to the Financial Statements
Year ended
31 December 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
34 Dane Close
,
Amersham
,
HP7 9LZ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2021:
1
).

5 Debtors

20222021
££
Trade debtors
136
 
19,498
 
Other debtors
25,770
 
31,485
 
25,906
 
50,983
 

6 Creditors: amounts falling due within one year

20222021
££
Trade creditors
44
 
3,335
 
Taxation and social security
26,175
 
42,061
 
Other creditors
971
 
933
 
27,190
 
46,329