Eildon Well Engineering Ltd. - Limited company - abbreviated

REGISTERED NUMBER: SC273370 (Scotland)

EILDON WELL ENGINEERING LTD.

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

Gregor Howard Jackson

SECRETARY:

Gillian Mary Jackson

REGISTERED OFFICE:

Chapelyards

Fintray

ABERDEEN

AB21 0YG

REGISTERED NUMBER:

SC273370 (Scotland)

ACCOUNTANTS:

Johnston Carmichael LLP

Axis Business Centre

Thainstone

Inverurie

Aberdeenshire

AB51 5TB

FIXED ASSETS

Tangible assets

2

6,271

8,362

CURRENT ASSETS

Debtors

792

19,913

Cash at bank

118,012

92,660

118,804

112,573

CREDITORS

Amounts falling due within one year

31,814

33,891

NET CURRENT ASSETS

86,990

78,682

TOTAL ASSETS LESS CURRENT
LIABILITIES

93,261

87,044

PROVISIONS FOR LIABILITIES

1,194

1,672

NET ASSETS

92,067

85,372

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

91,967

85,272

SHAREHOLDERS' FUNDS

92,067

85,372

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 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 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 director on 16 June 2016 and were signed by:

Gregor Howard Jackson - 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 well engineering design and consultancy services, 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.

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument

is any contract that evidences a residual interest in the assets of the company after deducting all

liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

15,994

DEPRECIATION

At 1 October 2013

7,632

Charge for year

2,091

At 30 September 2014

9,723

NET BOOK VALUE

At 30 September 2014

6,271

At 30 September 2013

8,362

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100

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

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

pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Eildon Well Engineering Ltd. for the year ended 30 September 2014

which comprise the Profit and Loss Account, the Balance Sheet, 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 of Scotland, we are subject to its

ethical and other professional requirements which are detailed at

http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the director of Eildon Well Engineering Ltd. in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Eildon Well Engineering Ltd. and state those matters that we have agreed to state to the director of Eildon

Well Engineering Ltd. in this report in accordance with the requirements of the Institute of Chartered

Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

director for our work or for this report.

It is your duty to ensure that Eildon Well Engineering Ltd. 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 Eildon Well Engineering Ltd.. You consider that Eildon Well Engineering Ltd. is exempt from

the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eildon Well

Engineering Ltd.. 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.