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REGISTERED NUMBER: SC241615 (Scotland)















M & T Pipeline Supplies Limited

Financial Statements For The Year Ended 31 December 2016






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






Contents of the Financial Statements
For The Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & T Pipeline Supplies Limited

Company Information
For The Year Ended 31 December 2016







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



BANKERS: Santander UK
Bridle Road
Bootle
L30 4GB

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

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,004 120,958

CURRENT ASSETS
Stocks 98,895 129,841
Debtors 5 558,549 237,518
Cash at bank and in hand 198,013 237,431
855,457 604,790
CREDITORS
Amounts falling due within one year 6 471,645 242,744
NET CURRENT ASSETS 383,812 362,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,816

483,004

PROVISIONS FOR LIABILITIES 5,630 5,630
NET ASSETS 494,186 477,374

CAPITAL AND RESERVES
Called up share capital 12,500 12,500
Retained earnings 481,686 464,874
SHAREHOLDERS' FUNDS 494,186 477,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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
31 December 2016


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 29 September 2017 and were signed on its behalf
by:





K Thomson - Director


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

Notes to the Financial Statements
For The Year Ended 31 December 2016

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, which excludes value added tax and trade discounts, represents invoiced sales of goods and services
supplied during the year in relation to the supply and manufacture of tubing and metal pipework. 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.

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.

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

Notes to the Financial Statements - continued
For The Year Ended 31 December 2016

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property Equipment fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2016 151,749 4,082 1,300 83,345 240,476
Additions - 499 - 11,001 11,500
Disposals - - - (16,878 ) (16,878 )
At 31 December 2016 151,749 4,581 1,300 77,468 235,098
DEPRECIATION
At 1 January 2016 66,769 2,715 1,269 48,765 119,518
Charge for year 6,070 230 8 8,878 15,186
Eliminated on disposal - - - (15,610 ) (15,610 )
At 31 December 2016 72,839 2,945 1,277 42,033 119,094
NET BOOK VALUE
At 31 December 2016 78,910 1,636 23 35,435 116,004
At 31 December 2015 84,980 1,367 31 34,580 120,958

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 533,150 232,841
Other debtors 25,399 4,677
558,549 237,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 429,847 141,915
Taxation and social security 38,711 60,152
Other creditors 3,087 40,677
471,645 242,744