Rigzone Well Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08886646 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Rigzone Well Services Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

L Temelcea

SECRETARY:

L Temelcea

REGISTERED OFFICE:

21, Hollybush Road

Chesham

Buckinghamshire

HP5 2LN

REGISTERED NUMBER:

08886646 (England and Wales)

ACCOUNTANTS:

Athos Fouttis & Co Ltd

2 Agias Fylaxeos & Zinonos Rossidi

Limassol

CYPRUS

3082

CURRENT ASSETS

Debtors

4

34,069

35,733

Cash at bank

61,533

16,149

95,602

51,882

CREDITORS

Amounts falling due within one year

5

72,932

98,557

NET CURRENT ASSETS/(LIABILITIES)

22,670

(46,675

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,670

(46,675

)

CREDITORS

Amounts falling due after more than one year

6

73,297

-

NET LIABILITIES

(50,627

)

(46,675

)

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

(51,627

)

(47,675

)

SHAREHOLDERS' FUNDS

(50,627

)

(46,675

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 21 April 2021 and were signed by:

L Temelcea - Director

1.	STATUTORY INFORMATION

Rigzone Well Services Ltd 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.

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.

Turnover represents net invoiced sales of services excluding value added tax.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 4 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

32,658

34,386

Other debtors

1,411

1,347

34,069

35,733

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

63,094

92,300

Other creditors

9,838

6,257

72,932

98,557

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Other creditors

73,297

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

1,000

Ordinary

1.00

1,000

1,000