West End Drilling Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC186390 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2019

for

West End Drilling Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Mayers

SECRETARY:

Mrs Mayers

REGISTERED OFFICE:

Currackstane House

Durris

Banchory

AB31 6ED

REGISTERED NUMBER:

SC186390 (Scotland)

ACCOUNTANTS:

MMG Archbold Ltd

Chartered Accountants

182 High Street

Montrose

ANGUS

DD10 8PH

FIXED ASSETS

Tangible assets

4

1,613

970

CURRENT ASSETS

Debtors

5

20,293

24,057

Cash at bank

629,077

630,682

649,370

654,739

CREDITORS

Amounts falling due within one year

6

13,875

24,041

NET CURRENT ASSETS

635,495

630,698

TOTAL ASSETS LESS CURRENT LIABILITIES

637,108

631,668

PROVISIONS FOR LIABILITIES

355

-

NET ASSETS

636,753

631,668

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

636,748

631,663

636,753

631,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 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 23 June 2020 and were signed by:

J Mayers - Director

1.	STATUTORY INFORMATION

West End Drilling Ltd 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 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 etc

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2018

3,128

Additions

1,182

Disposals

(1,790

)

At 30 September 2019

2,520

DEPRECIATION

At 1 October 2018

2,158

Charge for year

283

Eliminated on disposal

(1,534

)

At 30 September 2019

907

NET BOOK VALUE

At 30 September 2019

1,613

At 30 September 2018

970

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

20,293

24,057

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

12,924

18,691

Other creditors

951

5,350

13,875

24,041

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2019 and

30 September 2018:

2019

2018

£

£

J Mayers

Balance outstanding at start of year

(4,432

)

(1,385

)

Amounts advanced

4,931

1,177

Amounts repaid

(216

)

(4,224

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

283

(4,432

)

8.	RELATED PARTY DISCLOSURES

The company was under the control of Jonathan Mayers throughout the current and previous year. Jonathan Mayers

is the managing director and shareholder.