Pipe Trailers Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08203843 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th September 2016

for

Pipe Trailers Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J S Lambert

REGISTERED OFFICE:

Red Lion Yard

Odd Down

Bath

Somerset

BA2 2PP

REGISTERED NUMBER:

08203843 (England and Wales)

ACCOUNTANTS:

Business Control Limited

Red Lion Yard

Odd Down

Bath

Somerset

BA2 2PP

FIXED ASSETS

Tangible assets

2

136,522

95,695

CURRENT ASSETS

Stocks

48,500

65,000

Debtors

48,311

16,577

Cash at bank

63,124

41,420

159,935

122,997

CREDITORS

Amounts falling due within one year

(194,905

)

(102,905

)

NET CURRENT (LIABILITIES)/ASSETS

(34,970

)

20,092

TOTAL ASSETS LESS CURRENT
LIABILITIES

101,552

115,787

CAPITAL AND RESERVES

Called up share capital

3

2

1

Profit and loss account

101,550

115,786

SHAREHOLDERS' FUNDS

101,552

115,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30th June 2017 and were signed by:

J S Lambert - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

101,254

Additions

117,761

Disposals

(59,198

)

At 30th September 2016

159,817

DEPRECIATION

At 1st October 2015

5,559

Charge for year

22,029

Eliminated on disposal

(4,293

)

At 30th September 2016

23,295

NET BOOK VALUE

At 30th September 2016

136,522

At 30th September 2015

95,695

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary A

1

Ordinary B

1

-

2

1