Company Registration No. 05543486 (England and Wales)
A & W PIPELINES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
A & W PIPELINES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
A & W PIPELINES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,701
7,127
Current assets
Debtors
9,134
7,876
Cash at bank and in hand
43,874
26,779
53,008
34,655
Creditors: amounts falling due within one year
(44,537)
(36,269)
Net current assets/(liabilities)
8,471
(1,614)
Total assets less current liabilities
14,172
5,513
Provisions for liabilities
(1,010)
(1,265)
13,162
4,248
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
13,062
4,148
Shareholders'  funds
13,162
4,248
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 October 2016
Mr P  Atkins
Mr R  Whitehead
Director
Director
Company Registration No. 05543486
A & W PIPELINES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% per annum on a reducing balance
Motor vehicles
20% per annum on a reducing balance basis
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2015 & at 31 August 2016
160,000
8,095
168,095
Depreciation
At 1 September 2015
160,000
968
160,968
Charge for the year
-
1,426
1,426
At 31 August 2016
160,000
2,394
162,394
Net book value
At 31 August 2016
-
5,701
5,701
At 31 August 2015
-
7,127
7,127
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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