EPS Pipeworks Limited - Abbreviated accounts 16.1

EPS Pipeworks Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 03759133(England and Wales)











Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

EPS Pipeworks Limited

EPS Pipeworks Limited (Registered number: 03759133)






Contents of the Abbreviated Accounts
for the Year Ended 30 April 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

EPS Pipeworks Limited

Company Information
for the Year Ended 30 April 2016







DIRECTORS: J M Murphy
C Murphy
L 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

EPS Pipeworks Limited (Registered number: 03759133)

Abbreviated Balance Sheet
30 April 2016

30.4.16 30.4.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 67,695 70,377

CURRENT ASSETS
Stocks 58,550 101,630
Debtors 497,272 503,889
Cash at bank and in hand 378,793 238
934,615 605,757
CREDITORS
Amounts falling due within one year 801,244 494,230
NET CURRENT ASSETS 133,371 111,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,066

181,904

CAPITAL AND RESERVES
Called up share capital 3 700 700
Profit and loss account 200,366 181,204
SHAREHOLDERS' FUNDS 201,066 181,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 3 January 2017and were signed on its behalf by:





C Murphy- Director


EPS Pipeworks Limited (Registered number: 03759133)

Notes to the Abbreviated Accounts
for the Year Ended 30 April 2016

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 January 2015).

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 2015 131,889
Additions 3,720
At 30 April 2016 135,609
DEPRECIATION
At 1 May 2015 61,512
Charge for year 6,402
At 30 April 2016 67,914
NET BOOK VALUE
At 30 April 2016 67,695
At 30 April 2015 70,377

EPS Pipeworks Limited (Registered number: 03759133)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 April 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.16 30.4.15
value: £    £   
500 Ordinary £1 500 500
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
700 700