EPS Pipeworks Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03759133 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

EPS Pipeworks Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J M Murphy

C Murphy

SECRETARY:

C Murphy

REGISTERED OFFICE:

650 Anlaby Road

Kingston upon Hull

East Yorkshire

HU3 6UU

REGISTERED NUMBER:

03759133 (England and Wales)

ACCOUNTANTS:

Andrew Cooper & Company

Chartered Accountants

650 Anlaby Road

Kingston upon Hull

East Yorkshire

HU3 6UU

FIXED ASSETS

Tangible assets

2

82,521

82,125

CURRENT ASSETS

Stocks

94,880

26,880

Debtors

574,861

399,176

Cash at bank and in hand

80,509

146,209

750,250

572,265

CREDITORS

Amounts falling due within one year

497,139

321,111

NET CURRENT ASSETS

253,111

251,154

TOTAL ASSETS LESS CURRENT LIABILITIES

335,632

333,279

CAPITAL AND RESERVES

Called up share capital

3

700

500

Profit and loss account

334,932

332,779

SHAREHOLDERS' FUNDS

335,632

333,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 January 2015 and were signed on its behalf by:

C Murphy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 etc

-

25% on cost and 15% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

139,577

Additions

8,100

At 30 April 2014

147,677

DEPRECIATION

At 1 May 2013

57,452

Charge for year

7,704

At 30 April 2014

65,156

NET BOOK VALUE

At 30 April 2014

82,521

At 30 April 2013

82,125

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

500

Ordinary

1

500

500

100

Ordinary B

£1

100

-

100

Ordinary C

£1

100

-

700

500

The following shares were allotted and fully paid for cash at par during the year:

100 Ordinary B shares of £1 each

100 Ordinary C shares of £1 each