KDK Well Services Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC340690 (Scotland)

Financial Statements for the Year Ended 5 April 2022

for

KDK WELL SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Flynn

REGISTERED OFFICE:

12 Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC340690 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

4

32

43

CURRENT ASSETS

Investments

5

221,746

180,294

Cash at bank

89,524

131,830

311,270

312,124

CREDITORS

Amounts falling due within one year

6

79,149

65,577

NET CURRENT ASSETS

232,121

246,547

TOTAL ASSETS LESS CURRENT LIABILITIES

232,153

246,590

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

231,953

246,390

SHAREHOLDERS' FUNDS

232,153

246,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 December 2022 and were signed by:

K Flynn - Director

1.	STATUTORY INFORMATION

KDK Well Services 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.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 6 April 2021

and 5 April 2022

654

DEPRECIATION

At 6 April 2021

611

Charge for year

11

At 5 April 2022

622

NET BOOK VALUE

At 5 April 2022

32

At 5 April 2021

43

5.	CURRENT ASSET INVESTMENTS

2022

2021

£

£

Other

221,746

180,294

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

22

2,191

Other creditors

79,127

63,386

79,149

65,577

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £4,970 (2021 - £4,948) were paid to the director .

The company was under the control of K Flynn throughout the current and previous year. K Flynn is the managing director and owns 100% of the issued share capital in the company.

During the year the director further advanced the company net amounts totalling £14,878. As at 5 April 2022 included within other creditors is a balance outstanding due to the director of £77,489 (2021 - £62,611). No interest has been paid on this loan.