ADM PIPE INSTALLATIONS LTD

Company Registration Number:
NI048711 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 November 2022

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

ADM PIPE INSTALLATIONS LTD

Contents of the Financial Statements

for the Period Ended 30 November 2022

Balance sheet
Notes

ADM PIPE INSTALLATIONS LTD

Balance sheet

As at 30 November 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 212,964 171,936
Total fixed assets: 212,964 171,936
Current assets
Stocks: 191,416 96,352
Debtors:   351,814 341,321
Cash at bank and in hand: 254,592 5,771
Total current assets: 797,822 443,444
Creditors: amounts falling due within one year:   (612,071) (225,601)
Net current assets (liabilities): 185,751 217,843
Total assets less current liabilities: 398,715 389,779
Creditors: amounts falling due after more than one year:   (51,558) (72,686)
Total net assets (liabilities): 347,157 317,093
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 347,153 317,089
Shareholders funds: 347,157 317,093

The notes form part of these financial statements

ADM PIPE INSTALLATIONS LTD

Balance sheet statements

For the year ending 30 November 2022 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 29 November 2023
and signed on behalf of the board by:

Name: Mr Adrian Mulholland
Status: Director

The notes form part of these financial statements

ADM PIPE INSTALLATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer (usually on despatch of the goods); the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Plant and machinery - 10% straight lineFittings fixtures and equipment - 20% straight lineMotor vehicles - 20% straight lineIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

ADM PIPE INSTALLATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

2. Employees

2022 2021
Average number of employees during the period 17 12

ADM PIPE INSTALLATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Tangible Assets

Total
Cost £
At 01 December 2021 484,574
Additions 90,563
Disposals (11,071)
At 30 November 2022 564,066
Depreciation
At 01 December 2021 312,638
Charge for year 47,804
On disposals (9,340)
At 30 November 2022 351,102
Net book value
At 30 November 2022 212,964
At 30 November 2021 171,936

ADM PIPE INSTALLATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Loans to directors

Name of director receiving advance or credit: Mr Adrian Mulholland
Description of the loan: Loan
£
Balance at 01 December 2021 49,197
Advances or credits made: 29,408
Advances or credits repaid: 12,400
Balance at 30 November 2022 66,205

The above advances are repayable on demand and a commercial rate of interest has been applied

ADM PIPE INSTALLATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

5. Related party transactions

Controlling partyThe ultimate holding company is ADM Group Holdings Ltd incorporated in Northern Ireland.