Downhole Engineering Services Limited - Limited company accounts 11.9

REGISTERED NUMBER: SC394269 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 April 2015

for

Downhole Engineering Services Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

D Jenner

REGISTERED OFFICE:

10 Westhill Grange

Westhill

AB32 6QJ

REGISTERED NUMBER:

SC394269 (Scotland)

ACCOUNTANTS:

JDD Chartered Accountants

5 Rubislaw Terrace

Aberdeen

AB10 1XE

The director presents his report with the financial statements of the company for the year ended 30 April 2015.

DIRECTOR

D Jenner held office during the whole of the period from 1 May 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

D Jenner - Director

16 October 2015

TURNOVER

13,425

50,998

Cost of sales

2,240

2,700

GROSS PROFIT

11,185

48,298

Administrative expenses

15,048

16,850

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

(3,863

)

31,448

Tax on (loss)/profit on ordinary activities

3

(574

)

6,413

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(3,289

)

25,035

FIXED ASSETS

Tangible assets

5

-

80

CURRENT ASSETS

Debtors

6

13,584

9,180

Cash at bank

27,718

54,705

41,302

63,885

CREDITORS

Amounts falling due within one year

7

4,156

17,530

NET CURRENT ASSETS

37,146

46,355

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,146

46,435

CAPITAL AND RESERVES

Called up share capital

8

1

Profit and loss account

9

37,145

46,434

SHAREHOLDERS' FUNDS

37,146

46,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 16 October 2015 and were signed by:

D Jenner - 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, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

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

-

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.

2.	OPERATING (LOSS)/PROFIT

The operating loss (2014 - operating profit) is stated after charging:

30.4.15

30.4.14

£

Depreciation - owned assets

80

39

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss on ordinary activities for the year was as follows:

30.4.15

30.4.14

£

Current tax:

UK corporation tax

-

6,403

Prior year adjustment

(574

)

10

Tax on (loss)/profit on ordinary activities

(574

)

6,413

4.

DIVIDENDS

30.4.15

30.4.14

£

Ordinary share of 1

Final

6,000

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2014

and 30 April 2015

350

DEPRECIATION

At 1 May 2014

270

Charge for year

80

At 30 April 2015

350

NET BOOK VALUE

At 30 April 2015

-

At 30 April 2014

80

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.15

30.4.14

£

Trade debtors

12,273

9,180

Other debtors

1,311

-

13,584

9,180

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.15

30.4.14

£

Bank loans and overdrafts

-

62

Trade creditors

-

1

Taxation and social security

2,906

9,452

Other creditors

1,250

8,015

4,156

17,530

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

1

Ordinary

1

9.

RESERVES

Profit

and loss

account

£

At 1 May 2014

46,434

Deficit for the year

(3,289

)

Dividends

(6,000

)

At 30 April 2015

37,145

10.	RELATED PARTY DISCLOSURES

The director operates a current account with the company and this was £684.61 in debit at 30 April 2015.