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MEC PIPE SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023






MEC PIPE SERVICES LIMITED (REGISTERED NUMBER: 04524704)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

MEC PIPE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTOR: J D Sharp





SECRETARY: J D Sharp





REGISTERED OFFICE: 6 Alfred Gardens
Wickford
Essex
SS11 7EJ





REGISTERED NUMBER: 04524704 (England and Wales)





ACCOUNTANTS: Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL

MEC PIPE SERVICES LIMITED (REGISTERED NUMBER: 04524704)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,798 2,262

CURRENT ASSETS
Stocks 200 300
Debtors 5 4,185 1,131
Cash at bank 18,657 19,316
23,042 20,747
CREDITORS
Amounts falling due within one year 6 30,475 30,358
NET CURRENT LIABILITIES (7,433 ) (9,611 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,635

)

(7,349

)

PROVISIONS FOR LIABILITIES 342 430
NET LIABILITIES (5,977 ) (7,779 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,979 ) (7,781 )
SHAREHOLDERS' FUNDS (5,977 ) (7,779 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

MEC PIPE SERVICES LIMITED (REGISTERED NUMBER: 04524704)

BALANCE SHEET - continued
30TH SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th January 2024 and were signed by:





J D Sharp - Director


MEC PIPE SERVICES LIMITED (REGISTERED NUMBER: 04524704)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

MEC Pipe Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been drawn up on the going concern basis. At the year end the director is owed £26,500 (2022 £23,385) and she has agreed to continue to support the company for at least one year from the balance sheet date.

If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MEC PIPE SERVICES LIMITED (REGISTERED NUMBER: 04524704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
& equipment
£   
COST
At 1st October 2022 15,299
Additions 113
At 30th September 2023 15,412
DEPRECIATION
At 1st October 2022 13,037
Charge for year 577
At 30th September 2023 13,614
NET BOOK VALUE
At 30th September 2023 1,798
At 30th September 2022 2,262

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,185 200
Other debtors - 931
4,185 1,131

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,355 201
Corporation tax 1,215 843
Other creditors - 4,500
Directors' current accounts 26,500 23,385
Accrued expenses 1,405 1,429
30,475 30,358

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company director made a loan to the company, which was fully repaid in the year (2022 £4,500).

MEC PIPE SERVICES LIMITED (REGISTERED NUMBER: 04524704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the director.

MEC PIPE SERVICES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
MEC PIPE SERVICES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th September 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL


17th January 2024