IRIS Accounts Production v24.3.2.46 SC400129 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4001292023-05-31SC4001292024-05-31SC4001292023-06-012024-05-31SC4001292022-05-31SC4001292022-06-012023-05-31SC4001292023-05-31SC400129ns15:Scotland2023-06-012024-05-31SC400129ns14:PoundSterling2023-06-012024-05-31SC400129ns10:Director12023-06-012024-05-31SC400129ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC400129ns10:SmallEntities2023-06-012024-05-31SC400129ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-31SC400129ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-31SC400129ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC400129ns10:FullAccounts2023-06-012024-05-31SC400129ns10:Director22023-06-012024-05-31SC400129ns10:RegisteredOffice2023-06-012024-05-31SC400129ns5:CurrentFinancialInstruments2024-05-31SC400129ns5:CurrentFinancialInstruments2023-05-31SC400129ns5:ShareCapital2024-05-31SC400129ns5:ShareCapital2023-05-31SC400129ns5:RetainedEarningsAccumulatedLosses2024-05-31SC400129ns5:RetainedEarningsAccumulatedLosses2023-05-31SC400129ns5:PlantMachinery2023-05-31SC400129ns5:MotorVehicles2023-05-31SC400129ns5:ComputerEquipment2023-05-31SC400129ns5:PlantMachinery2023-06-012024-05-31SC400129ns5:MotorVehicles2023-06-012024-05-31SC400129ns5:ComputerEquipment2023-06-012024-05-31SC400129ns5:PlantMachinery2024-05-31SC400129ns5:MotorVehicles2024-05-31SC400129ns5:ComputerEquipment2024-05-31SC400129ns5:PlantMachinery2023-05-31SC400129ns5:MotorVehicles2023-05-31SC400129ns5:ComputerEquipment2023-05-31SC400129ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-31SC400129ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: SC400129 (Scotland)










Total Pipeline Technology Civil Eng Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024






Total Pipeline Technology Civil Eng Ltd (Registered number: SC400129)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Total Pipeline Technology Civil Eng Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr Ian Harry Creamer
Mr Noel Gerard Creamer





REGISTERED OFFICE: Suite 3N International House
Blantyre
Glasgow
Scotland
G72 0BN





REGISTERED NUMBER: SC400129 (Scotland)






Total Pipeline Technology Civil Eng Ltd (Registered number: SC400129)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 36,397 41,947

CURRENT ASSETS
Debtors 5 577,172 673,731
Cash at bank 581,615 562,497
1,158,787 1,236,228
CREDITORS
Amounts falling due within one year 6 (427,183 ) (494,294 )
NET CURRENT ASSETS 731,604 741,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,001

783,881

PROVISIONS FOR LIABILITIES (96,058 ) (109,323 )
NET ASSETS 671,943 674,558

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 671,843 674,458
671,943 674,558

Total Pipeline Technology Civil Eng Ltd (Registered number: SC400129)

Balance Sheet - continued
31 May 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Profit and Loss Account and Statement of Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





Mr Ian Harry Creamer - Director


Total Pipeline Technology Civil Eng Ltd (Registered number: SC400129)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Suite 3N International House
Blantyre
Glasgow
G72 0BN
Scotland

2. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

STATEMENT OF COMPLIANCE
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

GOING CONCERN
The financial statements have been prepared on a going concern basis.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

TANGIBLE FIXED ASSETS
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset classDepreciation method and rate
Office equipmentStraight line over 3 years
Plant and machinery10% straight line
Motor vehicles20% straight line


Total Pipeline Technology Civil Eng Ltd (Registered number: SC400129)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Statement of Retained Earnings, 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.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

PROVISIONS
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Total Pipeline Technology Civil Eng Ltd (Registered number: SC400129)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

LEASES
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis

DIVIDENDS
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

DEFINED CONTRIBUTION PENSION OBLIGATIONS
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 35,775 19,500 8,159 63,434
Additions - - 3,299 3,299
At 31 May 2024 35,775 19,500 11,458 66,733
DEPRECIATION
At 1 June 2023 6,998 7,800 6,689 21,487
Charge for year 3,577 3,900 1,372 8,849
At 31 May 2024 10,575 11,700 8,061 30,336
NET BOOK VALUE
At 31 May 2024 25,200 7,800 3,397 36,397
At 31 May 2023 28,777 11,700 1,470 41,947

Total Pipeline Technology Civil Eng Ltd (Registered number: SC400129)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 94,863 352,865
Amounts owed by participating interests 44,647 51,047
Sales retention 24,250 39,101
Directors' current accounts - 3,277
VAT - 7,372
Accrued income 407,206 209,061
Prepayments 6,206 11,008
577,172 673,731

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 111,621 179,249
Pension contributions unpaid 1,980 1,221
Corporation tax 254,497 235,235
PAYE and CIS creditor 22,079 13,328
VAT 2,333 -
Proposed dividends - 28,467
Purchase retentions 2,094 6,175
Directors' current accounts 4,602 -
Accrued expenses 27,977 30,619
427,183 494,294