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REGISTERED NUMBER: SC561602 (Scotland)














Financial Statements for the Period 27 March 2017 to 31 March 2018

for

Mg Pipeline Services Limited

Mg Pipeline Services Limited (Registered number: SC561602)






Contents of the Financial Statements
for the Period 27 March 2017 to 31 March 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Mg Pipeline Services Limited

Company Information
for the Period 27 March 2017 to 31 March 2018







DIRECTOR: Mr M J Graham





REGISTERED OFFICE: 4 Altonside Cottages
Elgin
IV30 8QX





REGISTERED NUMBER: SC561602 (Scotland)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Mg Pipeline Services Limited (Registered number: SC561602)

Statement of Financial Position
31 March 2018

Notes £    £   
FIXED ASSETS
Tangible assets 4 288

CURRENT ASSETS
Debtors 5 3,446
Cash at bank 5,860
9,306
CREDITORS
Amounts falling due within one year 6 9,182
NET CURRENT ASSETS 124
TOTAL ASSETS LESS CURRENT
LIABILITIES

412

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 7 410
412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 November 2018 and were signed by:





Mr M J Graham - Director


Mg Pipeline Services Limited (Registered number: SC561602)

Notes to the Financial Statements
for the Period 27 March 2017 to 31 March 2018

1. STATUTORY INFORMATION

Mg Pipeline Services Limited is a private company, limited by shares , registered in Scotland. 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 etc - 25% on reducing balance

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

Mg Pipeline Services Limited (Registered number: SC561602)

Notes to the Financial Statements - continued
for the Period 27 March 2017 to 31 March 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 384
At 31 March 2018 384
DEPRECIATION
Charge for period 96
At 31 March 2018 96
NET BOOK VALUE
At 31 March 2018 288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 3,446

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 7,382
Other creditors 1,800
9,182

7. RESERVES
Retained
earnings
£   

Profit for the period 31,410
Dividends (31,000 )
At 31 March 2018 410

8. RELATED PARTY DISCLOSURES

During the period, total dividends of £31,000 were paid to the director .

The Director Mr M J Graham is considered to be the key management personnel.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Mg Pipeline 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 Statement of Financial Position. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Mg Pipeline Services Limited for the period ended 31 March 2018 which comprise the Income
Statement, Statement of Financial Position and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mg Pipeline Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mg Pipeline Services Limited and state those matters that we have agreed to state to the director of Mg Pipeline Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mg Pipeline Services Limited and its director for our work or for this report.

It is your duty to ensure that Mg Pipeline Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mg Pipeline Services Limited. You consider that Mg Pipeline Services Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Mg Pipeline Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................