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REGISTERED NUMBER: 07806045 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Moran Pipelines Limited

Moran Pipelines Limited (Registered number: 07806045)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moran Pipelines Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: D R Moran
N E Clark





REGISTERED OFFICE: Unit 7
Hayes Lane Industrial Estate
Folkes Road
Lye
West Midlands
DY9 8RG





REGISTERED NUMBER: 07806045 (England and Wales)





ACCOUNTANTS: S R Higgs
Accountant
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ

Moran Pipelines Limited (Registered number: 07806045)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,999 100,056

CURRENT ASSETS
Debtors 5 166,878 54,276
Cash at bank 33,126 39,198
200,004 93,474
CREDITORS
Amounts falling due within one year 6 275,791 134,737
NET CURRENT LIABILITIES (75,787 ) (41,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,212

58,793

CREDITORS
Amounts falling due after more than one
year

7

(28,782

)

(23,186

)

PROVISIONS FOR LIABILITIES 8 (35,250 ) (19,010 )
NET ASSETS 1,180 16,597

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 1,120 16,537
SHAREHOLDERS' FUNDS 1,180 16,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.

Moran Pipelines Limited (Registered number: 07806045)

Balance Sheet - continued
5 April 2024


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 Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:




D R Moran - Director



N E Clark - Director


Moran Pipelines Limited (Registered number: 07806045)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Moran Pipelines 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Moran Pipelines Limited (Registered number: 07806045)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2023 126,292 12,444 14,486 153,222
Additions 66,175 - - 66,175
At 5 April 2024 192,467 12,444 14,486 219,397
DEPRECIATION
At 6 April 2023 38,111 9,465 5,590 53,166
Charge for year 23,153 745 1,334 25,232
At 5 April 2024 61,264 10,210 6,924 78,398
NET BOOK VALUE
At 5 April 2024 131,203 2,234 7,562 140,999
At 5 April 2023 88,181 2,979 8,896 100,056

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 166,878 44,885
VAT - 9,391
166,878 54,276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 14,333 -
Trade creditors 102,434 29,274
Taxation and social security 84,646 84,306
Other creditors 64,378 11,157
275,791 134,737

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans 13,254 23,186
Hire purchase contracts 15,528 -
28,782 23,186

Moran Pipelines Limited (Registered number: 07806045)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. PROVISIONS FOR LIABILITIES
5.4.24 5.4.23
£    £   
Deferred tax 35,250 19,010

Deferred
tax
£   
Balance at 6 April 2023 19,010
Provided during year 16,240
Balance at 5 April 2024 35,250

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.