TND Drilling Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06292595 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2015

for

TND Drilling Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr T H J Frary

REGISTERED OFFICE:

Temple Wood

Stock Road

West Hanningfield

Chelmsford

Essex

CM2 8LA

REGISTERED NUMBER:

06292595 (England and Wales)

ACCOUNTANTS:

Visionary Accountants

Gladstone Place

36-38 Upper Marlborough Road

St Albans

Hertfordshire

AL1 3UU

FIXED ASSETS

Tangible assets

2

222,942

257,494

CURRENT ASSETS

Stocks

2,500

2,625

Debtors

26,660

52,610

Cash at bank

47,735

-

76,895

55,235

CREDITORS

Amounts falling due within one year

107,648

229,523

NET CURRENT LIABILITIES

(30,753

)

(174,288

)

TOTAL ASSETS LESS CURRENT LIABILITIES

192,189

83,206

CREDITORS

Amounts falling due after more than one year

69,267

80,544

NET ASSETS

122,922

2,662

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

122,822

2,562

SHAREHOLDERS' FUNDS

122,922

2,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 24 June 2015 and were signed by:

Mr T H J Frary - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on cost and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

425,300

Additions

50,954

Disposals

(22,311

)

At 31 March 2015

453,943

DEPRECIATION

At 1 April 2014

167,806

Charge for year

72,120

Eliminated on disposal

(8,925

)

At 31 March 2015

231,001

NET BOOK VALUE

At 31 March 2015

222,942

At 31 March 2014

257,494

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100