A&G Pipework & Welding Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07164143 (England and Wales)

Financial Statements for the Year Ended 31 January 2018

for

A&G Pipework & Welding Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr G A Dell

Mr A Moulang

Mrs K L Moulang

REGISTERED OFFICE:

468 Maidstone Road

Bluebell Hill Village

Walderslade

Kent

ME5 9QL

REGISTERED NUMBER:

07164143 (England and Wales)

ACCOUNTANTS:

Business Tax Accountants Ltd (Phipps Anthony)

Chartered Tax Advisers

24 Station Road

Rainham

Gillingham

Kent

ME8 7PH

FIXED ASSETS

Tangible assets

4

19,917

28,715

CURRENT ASSETS

Debtors

Partnership net current assets

5

8

172,150

51,221

214,458

39,510

Cash at bank and in hand

225,296

270,399

448,667

524,367

CREDITORS

Amounts falling due within one year

6

162,674

162,096

NET CURRENT ASSETS

285,993

362,271

TOTAL ASSETS LESS CURRENT

LIABILITIES

305,910

390,986

PROVISIONS FOR LIABILITIES

3,785

5,743

NET ASSETS

302,125

385,243

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

302,123

385,241

SHAREHOLDERS' FUNDS

302,125

385,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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.

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 30 May 2018 and were signed on its behalf by:

Mr G A Dell - Director

1.	STATUTORY INFORMATION

A&G Pipework & Welding Ltd 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.	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.

Plant and machinery

-

20% on cost

Computer equipment

-

25% on cost

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 3 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 February 2017

70,461

14,995

85,456

Additions

-

5,065

At 31 January 2018

70,461

20,060

90,521

DEPRECIATION

At 1 February 2017

45,055

11,686

56,741

Charge for year

9,295

4,568

13,863

At 31 January 2018

54,350

16,254

70,604

NET BOOK VALUE

At 31 January 2018

16,111

3,806

19,917

At 31 January 2017

25,406

3,309

28,715

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

Trade debtors

170,985

213,406

Partnership net current assets

51,221

39,510

Prepayments and accrued income

1,165

1,052

223,371

253,968

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

Taxation and social security

(1,375

)

94,750

Other creditors

164,049

67,346

162,674

162,096

7.	RELATED PARTY DISCLOSURES

Dorset Mews LLP

The company continued it's trade in distribution rights as a member of the Dorset Mews LLP whose accounting

period is to the 31st January .

Directors

The directors were owed £64,620 by the company at the beginning of the year.The directors loaned the

company £175,566 in the year subsequently £80,862 was repaid to the directors leaving a balance of

£159,323owed to the directors.

8.	VALUE ADJUSTMENTS ON FIXED AND CURRENT ASSETS

31.01.18

31.01.17

Stocks

46,897

38,418

Debtors

5,139

1,581

Bank

86

117

Less Creditors

(901

)

(606

)

Net current assets

51,221

39,510