M P Gethen Mechanical Process Pipework Limited,Ltd - 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 2016

England and Wales

Report of the Director and Unaudited Financial Statements

For the year ended 31 March 2016

M P Gethen Mechanical Process Pipework Limited

Contents Page

Company Information

M P Gethen

Director

Mrs D D Gethen

Company Secretary

04171160

Registered Number

14 Willetts Road

Registered Office

Chaddesden

Derby

Derbyshire

DE21 4NH

Chaddesden Accountants Ltd

Accountants

The Old Post Office

478 Nottingham Road

Chaddesden

Derby

DE21 6PF

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For the year ended 31 March 2016

M P Gethen Mechanical Process Pipework Limited

Director's Report

The director presents his report and accounts for the year ended 31 March 2016.

Principal activities

The principal activity of the company continued to be that of information, support and delivery of courses and qualifications for traditional building skills.

Director

The director who served the company throughout the year was as follows:

M P Gethen

Mrs D D Gethen Secretary

Signed on behalf of the board of directors

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Date:

12 December 2016

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For the year ended 31 March 2016

M P Gethen Mechanical Process Pipework Limited

Independent Accountants' Report

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 31 March 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Chaddesden Accountants Ltd

Victoria Ross

The Old Post Office

478 Nottingham Road

Chaddesden

Derby

DE21 6PF

Date:

12 December 2016

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For the year ended 31 March 2016

M P Gethen Mechanical Process Pipework Limited

Income Statement

2015

2016

Turnover

123,434

197,768

(79,192)

Cost of sales

(55,087)

118,576

Gross profit

68,347

Administrative expenses

(81,707)

(101,643)

Operating loss

(13,360)

16,933

Interest payable and similar charges

(368)

(995)

(13,728)

15,938

Loss before taxation

(13,728)

Loss for the financial year

15,938

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As at 31 March 2016

M P Gethen Mechanical Process Pipework Limited

Statement of Financial Position

Registered Number :

04171160

2015

2016

Notes

Fixed assets

Property, plant and equipment

18,262

23,416

18,262

23,416

Current assets

Inventories

775

Trade and other receivables

40,186

40,958

41,733

40,961

Trade and other payables: amounts falling due within one

year

(55,081)

(64,775)

(14,120)

(23,042)

Net current liabilities

Total assets less current liabilities

(4,780)

9,296

Trade and other payables: amounts falling due after more

than one year

(348)

(4,780)

Net assets/liabilities

8,948

Capital and reserves

Called up share capital

Retained earnings

(4,782)

8,946

(4,780)

8,948

Shareholders' funds

For the year ended 31 March 2016 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 2016 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.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

M P Gethen

These financial statements were approved and authorised for issue by the Board on 12 December 2016 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2016

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 2016

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 2015

79,376

2,293

7,446

54,214

15,423

At 31 March 2016

54,214

7,446

2,293

79,376

15,423

Provision for depreciation and impairment

At 01 April 2015

55,960

2,293

5,326

36,748

11,593

Charge for year

5,154

212

4,367

575

At 31 March 2016

61,114

2,293

5,538

41,115

12,168

At 31 March 2016

Net book value

3,255

13,099

1,908

18,262

At 31 March 2015

3,830

17,466

2,120

23,416

3. Trade and other receivables

2015

2016

Trade debtors

29,729

37,444

Other debtors

11,229

2,742

40,186

40,958

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

2015

2016

Bank loans and overdraft

15,525

1,413

Trade creditors

4,491

29,735

Taxation and social security

978

10,119

Other creditors

43,781

13,814

64,775

55,081

5. Trade and other payables: amounts falling due after more than one year

2015

2016

Other creditors

348

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For the year ended 31 March 2016

M P Gethen Mechanical Process Pipework Limited

Notes to the Financial Statements Continued

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