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Company Registration No. SC241615 (Scotland)
M & T Pipeline Supplies Limited Unaudited accounts for the year ended 31 December 2018
M & T Pipeline Supplies Limited Unaudited accounts Contents
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M & T Pipeline Supplies Limited Company Information for the year ended 31 December 2018
Directors
Iain Martin Keith Thomson
Company Number
SC241615 (Scotland)
Registered Office
30 Kemps End Tranent East Lothian EH33 2GZ
Accountants
E F Accountants The Old Schoolhouse Rothiemurchus Aviemore Inverness-shire PH22 1QH
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of M & T Pipeline Supplies Limited for the year ended 31 December 2018
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance.
E F Accountants Chartered Accountants The Old Schoolhouse Rothiemurchus Aviemore Inverness-shire PH22 1QH 27 September 2019
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M & T Pipeline Supplies Limited Statement of financial position as at 31 December 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
68,160 
86,333 
Current assets
Inventories
5
121,000 
110,000 
Debtors
6
394,446 
388,072 
Cash at bank and in hand
362,347 
247,869 
877,793 
745,941 
Creditors: amounts falling due within one year
7
(421,277)
(314,986)
Net current assets
456,516 
430,955 
Net assets
524,676 
517,288 
Capital and reserves
Called up share capital
12,500 
12,500 
Profit and loss account
512,176 
504,788 
Shareholders' funds
524,676 
517,288 
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 September 2019.
Iain Martin Director Company Registration No. SC241615
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M & T Pipeline Supplies Limited Notes to the Accounts for the year ended 31 December 2018
1
Statutory information
M & T Pipeline Supplies Limited is a private company, limited by shares, registered in Scotland, registration number SC241615. The registered office is 30 Kemps End, Tranent, East Lothian, EH33 2GZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 15 years
Plant & machinery
Over 4 years
Motor vehicles
Over 4 years
Fixtures & fittings
Over 10 years
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