Conrad Pipeline Services Limited - Accounts to registrar - small 16.3d

Conrad Pipeline Services Limited - Accounts to registrar - small 16.3d

CONRAD PIPELINE SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 06494081 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2017

for

Conrad Pipeline Services Limited

Conrad Pipeline Services Limited (Registered number: 06494081)






Contents of the Financial Statements
for the Year Ended 28 February 2017




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 2017







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
Page 1
Conrad Pipeline Services Limited (Registered number: 06494081)

Statement of Financial Position
28 February 2017

28.2.17 29.2.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 328 438

CURRENT ASSETS
Debtors 6 23,050 12,173
Cash at bank 29,485 31,029
52,535 43,202
CREDITORS
Amounts falling due within one year 7 21,736 19,781
NET CURRENT ASSETS 30,799 23,421
TOTAL ASSETS LESS CURRENT
LIABILITIES
31,127
23,859

PROVISIONS FOR LIABILITIES 62 88
NET ASSETS 31,065 23,771

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,063 23,769
SHAREHOLDERS' FUNDS 31,065 23,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 notes form part of these financial statements

Page 2 continued...
Conrad Pipeline Services Limited (Registered number: 06494081)

Statement of Financial Position - continued
28 February 2017


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

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 on 26 October 2017 and were signed by:





C A Rees - Director


The notes form part of these financial statements

Page 3
Conrad Pipeline Services Limited (Registered number: 06494081)

Notes to the Financial Statements
for the Year Ended 28 February 2017

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.
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 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 .

Page 4 continued...
Conrad Pipeline Services Limited (Registered number: 06494081)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2016
and 28 February 2017 2,136
DEPRECIATION
At 1 March 2016 1,698
Charge for year 110
At 28 February 2017 1,808
NET BOOK VALUE
At 28 February 2017 328
At 29 February 2016 438

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Trade debtors 10,765 12,173
Directors' current accounts 12,285 -
23,050 12,173

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Trade creditors 1 1
Tax 16,362 14,601
VAT 2,923 2,135
Directors' current accounts - 744
Accrued expenses 2,450 2,300
21,736 19,781

Page 5 continued...
Conrad Pipeline Services Limited (Registered number: 06494081)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2017
and 29 February 2016:

28.2.17 29.2.16
£    £   
C A Rees
Balance outstanding at start of year - -
Amounts advanced 12,285 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,285 -

The directors advance of £12,285 was repaid to the company on 28/06/2017.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £29,000 were paid to the director .

The director operates a loan account with the company. At the balance sheet date the director was
owed £Nil (2016 £744) by the company.The loan is interest free with no fixed repayment.
Mrs C A Rees, wife of director C A Rees and company secretary received dividends of £29,000.

10. ULTIMATE CONTROLLING PARTY

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

Page 6