Registration number:
for the Year Ended
A G Pipeline Services Limited
Contents
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Accountants' Report |
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Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A G Pipeline Services Limited
for the Year Ended 31 July 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A G Pipeline Services Limited for the year ended 31 July 2016 set out on pages XX from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of A G Pipeline Services Limited, as a body, in accordance with the terms of our engagement letter dated 16 June 2015. Our work has been undertaken solely to prepare for your approval the accounts of A G Pipeline Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A G Pipeline Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A G Pipeline Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A G Pipeline Services Limited. You consider that A G Pipeline Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of A G Pipeline Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Munslows Accountants Ltd
Chartered Certified Accountants
54 Maidensbridge Road
Wall Heath
Kingswinford
West Midlands
DY6 0JB
16 February 2017
A G Pipeline Services Limited
(Registration number: 06298945)
Abbreviated Balance Sheet as at 31 July 2016
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Note |
2016 |
2015 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Accruals and deferred income |
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( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders funds |
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For the year ending 31 July 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the director on
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Mr A G Lawley
Director
A G Pipeline Services Limited
Notes to the Abbreviated Accounts
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Accounting policies |
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
20% straight line |
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Motor vehicles |
25% straight line |
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Fixed assets |
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Tangible assets |
Total |
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Cost |
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At 1 August 2015 |
3,000 |
3,000 |
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At 31 July 2016 |
3,000 |
3,000 |
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Depreciation |
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At 1 August 2015 |
700 |
700 |
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Charge for the year |
700 |
700 |
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At 31 July 2016 |
1,400 |
1,400 |
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Net book value |
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At 31 July 2016 |
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At 31 July 2015 |
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A G Pipeline Services Limited
Notes to the Abbreviated Accounts
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Share capital |
Allotted, called up and fully paid shares
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2016 |
2015 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
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Control |
The director is the controlling party by virtue of his controlling shareholding in the company.