Drillstone_Limited - Accounts

DRILLSTONE LTD - Company Information

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Company Registration No. 07203093 (England and Wales)

Drillstone Limited

Unaudited abbreviated financial statements

For the period ended 30 June 2015

DRILLSTONE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

DRILLSTONE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

1,500

Debtors

100

195

Cash at bank and in hand

2,741

1,093

2,841

2,788

Creditors: amounts falling due within one year

(1,495)

(21,000)

Total assets less current liabilities

1,346

(18,212)

Capital and reserves

Called up share capital

100

Profit and loss account

1,246

(18,312)

Shareholders' funds

1,346

(18,212)

For the financial Period ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 22 March 2016

G Naggar

P Klimt

Director

Company Registration No. 07203093

DRILLSTONE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis, as the directors have confirmed that funds will continue to be made available from related undertakings to enable it to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Stock

Work in progress is valued at the lower of cost and net realisable value.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100