H.A.C. PIPELINE SUPPLIES LIMITED

Company Registration Number:
01968501 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

H.A.C. PIPELINE SUPPLIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

H.A.C. PIPELINE SUPPLIES LIMITED

Balance sheet

As at 30 November 2021


Notes

2021

2020


£

£
Fixed assets
Intangible assets: 3 22,875 0
Tangible assets: 4 115,430 109,154
Investments: 5 222,800 222,800
Total fixed assets: 361,105 331,954
Current assets
Stocks: 1,012,211 982,000
Debtors:   4,374,243 3,365,822
Cash at bank and in hand: 454,305 100,331
Total current assets: 5,840,759 4,448,153
Creditors: amounts falling due within one year:   (5,991,372) (4,589,446)
Net current assets (liabilities): (150,613) (141,293)
Total assets less current liabilities: 210,492 190,661
Provision for liabilities: (2,550) (2,550)
Total net assets (liabilities): 207,942 188,111
Capital and reserves
Called up share capital: 14,110 14,110
Other reserves: (28,407) (28,407)
Profit and loss account: 222,239 202,408
Shareholders funds: 207,942 188,111

The notes form part of these financial statements

H.A.C. PIPELINE SUPPLIES LIMITED

Balance sheet statements

For the year ending 30 November 2021 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 September 2022
and signed on behalf of the board by:

Name: Mr A Sergent
Status: Director

The notes form part of these financial statements

H.A.C. PIPELINE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

H.A.C. PIPELINE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 30 30

H.A.C. PIPELINE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Intangible Assets

Total
Cost £
At 01 December 2020 0
Additions 22,875
At 30 November 2021 22,875
Net book value
At 30 November 2021 22,875
At 30 November 2020 0

H.A.C. PIPELINE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Tangible Assets

Total
Cost £
At 01 December 2020 371,650
Additions 35,997
At 30 November 2021 407,647
Depreciation
At 01 December 2020 262,496
Charge for year 29,722
Other adjustments (1)
At 30 November 2021 292,217
Net book value
At 30 November 2021 115,430
At 30 November 2020 109,154

H.A.C. PIPELINE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Fixed investments

Cost £222800 b/f and c/f

H.A.C. PIPELINE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

6. Related party transactions

Name of the related party: Medical Piped Gases Ltd
Relationship:
Associate
Description of the Transaction: trading transactions in the normal course of business.
£
Balance at 01 December 2020 55,805
Balance at 30 November 2021 76,130
Name of the related party: HAC Technical Gas Services Ltd
Relationship:
Associate
Description of the Transaction: trading transactions in the normal course of business.
£
Balance at 01 December 2020 39,455
Balance at 30 November 2021 64,316
Name of the related party: HAC Medical Gas Training Services Ltd
Relationship:
Associate
Description of the Transaction: trading transactions in the normal course of business.
£
Balance at 01 December 2020 13,136
Balance at 30 November 2021 14,302
Name of the related party: HAC Technical Gas Services Ltd
Relationship:
Associate
Description of the Transaction: trading transactions in the normal course of business.
£
Balance at 01 December 2020 1,474
Balance at 30 November 2021 4,225
Name of the related party: Tap 'n' Shower Ltd
Relationship:
Associate
Description of the Transaction: trading transactions in the normal course of business.
£
Balance at 01 December 2020 30,253
Balance at 30 November 2021 149,094