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REGISTERED NUMBER: SC241615 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017

FOR

M & T PIPELINE SUPPLIES LIMITED

M & T PIPELINE SUPPLIES LIMITED (REGISTERED NUMBER: SC241615)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & T PIPELINE SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2017







DIRECTORS: I Martin
K Thomson





REGISTERED OFFICE: 30 Kemps End
Tranent
East Lothian
EH33 2GZ





REGISTERED NUMBER: SC241615 (Scotland)





ACCOUNTANTS: Goldwells Ltd
37 Broad Street
Peterhead
Aberdeenshire
AB42 1JB

M & T PIPELINE SUPPLIES LIMITED (REGISTERED NUMBER: SC241615)

BALANCE SHEET
31ST DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,333 116,004

CURRENT ASSETS
Stocks 110,000 98,895
Debtors 5 388,072 558,549
Cash at bank and in hand 247,869 198,013
745,941 855,457
CREDITORS
Amounts falling due within one year 6 314,987 471,645
NET CURRENT ASSETS 430,954 383,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,287

499,816

PROVISIONS FOR LIABILITIES - 5,630
NET ASSETS 517,287 494,186

CAPITAL AND RESERVES
Called up share capital 12,500 12,500
Retained earnings 504,787 481,686
SHAREHOLDERS' FUNDS 517,287 494,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2017 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 LIMITED (REGISTERED NUMBER: SC241615)

BALANCE SHEET - continued
31ST DECEMBER 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 Board of Directors on 12th September 2018 and were signed on its
behalf by:




I Martin - Director



K Thomson - Director


M & T PIPELINE SUPPLIES LIMITED (REGISTERED NUMBER: SC241615)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2017

1. STATUTORY INFORMATION

M & T Pipeline Supplies Limited is a private company, limited by shares , registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost and 10% on reducing balance

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

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 have been enacted or
substantively enacted by the balance sheet date.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2016 - 9 ) .

M & T PIPELINE SUPPLIES LIMITED (REGISTERED NUMBER: SC241615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2017

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2017
and 31st December 2017 151,749 83,349 235,098
DEPRECIATION
At 1st January 2017 72,839 46,255 119,094
Charge for year 10,117 19,554 29,671
At 31st December 2017 82,956 65,809 148,765
NET BOOK VALUE
At 31st December 2017 68,793 17,540 86,333
At 31st December 2016 78,910 37,094 116,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 388,072 533,150
Other debtors - 25,399
388,072 558,549

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 255,830 429,847
Taxation and social security 50,930 21,669
Other creditors 8,227 20,129
314,987 471,645