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REGISTERED NUMBER: SC241615 (Scotland)















M & T Pipeline Supplies Ltd

Abbreviated Accounts For The Year Ended 31 December 2014






M & T Pipeline Supplies Ltd (Registered number: SC241615)






Contents of the Abbreviated Accounts
For The Year Ended 31 December 2014




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 5

M & T Pipeline Supplies Ltd

Company Information
For The Year Ended 31 December 2014







DIRECTORS: I Martin
K Thomson





SECRETARY: I Martin





REGISTERED OFFICE: 30 Kempsend
Tranent
East Lothian
EH33 2GZ





REGISTERED NUMBER: SC241615 (Scotland)





ACCOUNTANTS: The Long Partnership
3-5 Mayfield
High Street
Dingwall
IV15 9ST

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M & T Pipeline Supplies Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of M & T Pipeline Supplies Ltd for the year ended 31 December 2014 which comprise the Profit
and Loss Account, the Balance Sheet and the 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/membershandbook.

This report is made solely to the Board of Directors of M & T Pipeline Supplies Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M & T Pipeline Supplies Ltd and state those matters that we have agreed to state to the Board of Directors of M & T Pipeline Supplies Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M & T Pipeline Supplies Ltd 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 M & T Pipeline Supplies Ltd. You consider that M & T Pipeline Supplies Ltd 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 M & T Pipeline Supplies Ltd.
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.






The Long Partnership
3-5 Mayfield
High Street
Dingwall
IV15 9ST


24 September 2015

M & T Pipeline Supplies Ltd (Registered number: SC241615)

Abbreviated Balance Sheet
31 December 2014

31.12.14 31.12.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 125,249 122,635

CURRENT ASSETS
Stocks 102,000 72,400
Debtors 446,840 277,984
Cash at bank and in hand 109,886 107,288
658,726 457,672
CREDITORS
Amounts falling due within one year 396,435 278,291
NET CURRENT ASSETS 262,291 179,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

387,540

302,016

PROVISIONS FOR LIABILITIES 6,411 4,496
NET ASSETS 381,129 297,520

CAPITAL AND RESERVES
Called up share capital 3 12,500 12,500
Profit and loss account 368,629 285,020
SHAREHOLDERS' FUNDS 381,129 297,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

M & T Pipeline Supplies Ltd (Registered number: SC241615)

Abbreviated Balance Sheet - continued
31 December 2014


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 Board of Directors on 24 September 2015 and were signed on its behalf
by:





K Thomson - Director


M & T Pipeline Supplies Ltd (Registered number: SC241615)

Notes to the Abbreviated Accounts
For The Year Ended 31 December 2014

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 April 2008).

Turnover
Turnover, which excludes value added tax and trade discounts, represents invoiced sales of goods and services
supplied during the year. Work carried out but not completed or invoiced at the year end has been brought into
sales for the year.

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

Freehold property - Straight line over 15 years
Equipment - 10% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the
recognition of gains and losses in the financial statement and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable
taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing
differences are excepted to reverse.

Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

M & T Pipeline Supplies Ltd (Registered number: SC241615)

Notes to the Abbreviated Accounts - continued
For The Year Ended 31 December 2014

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 219,538
Additions 16,286
Disposals (6,123 )
At 31 December 2014 229,701
DEPRECIATION
At 1 January 2014 96,903
Charge for year 13,059
Eliminated on disposal (5,510 )
At 31 December 2014 104,452
NET BOOK VALUE
At 31 December 2014 125,249
At 31 December 2013 122,635

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.14 31.12.13
value: £    £   
12,500 Ordinary £1 12,500 12,500