1440 Oilfield Services Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC408770 (Scotland)

Abbreviated Accounts for the Year Ended 30 September 2014

for

1440 OILFIELD SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

5

DIRECTORS:

D T Chilton

R Chilton

REGISTERED OFFICE:

Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC408770 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

2

1,685

1,432

CURRENT ASSETS

Debtors

45,120

36,534

Cash at bank

91,702

89,481

136,822

126,015

CREDITORS

Amounts falling due within one year

45,505

41,399

NET CURRENT ASSETS

91,317

84,616

TOTAL ASSETS LESS CURRENT LIABILITIES

93,002

86,048

CAPITAL AND RESERVES

Called up share capital

3

3

3

Profit and loss account

92,999

86,045

SHAREHOLDERS' FUNDS

93,002

86,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 February 2015 and were signed on its behalf by:

D T Chilton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax due to timing differences is immaterial and therefore not recognised.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

2,068

Additions

1,120

Disposals

(820

)

At 30 September 2014

2,368

DEPRECIATION

At 1 October 2013

636

Charge for year

406

Eliminated on disposal

(359

)

At 30 September 2014

683

NET BOOK VALUE

At 30 September 2014

1,685

At 30 September 2013

1,432

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

3

Ordinary

£1

3

3

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to four) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 30 September 2014 set out on pages nil to nil 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.

Account Tax Ltd

Chartered Certified Accountants

Traill Drive

Montrose

Angus

DD10 8SW

27 February 2015