Abbreviated Company Accounts - DRILLPECK LIMITED

PRISTINE LONDON DRILLING AND CUTTING LTD - Company Information

Registered Number 08215984

DRILLPECK LIMITED

Abbreviated Accounts

31 March 2016

DRILLPECK LIMITED Registered Number 08215984

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	8,106	9,642
		8,106	9,642
Current assets
Debtors		32,493	20,316
Cash at bank and in hand		1,148	6,983
		33,641	27,299
Creditors: amounts falling due within one year		(35,378)	(33,867)
Net current assets (liabilities)		(1,737)	(6,568)
Total assets less current liabilities		6,369	3,074
Total net assets (liabilities)		6,369	3,074
Capital and reserves
Called up share capital		100	100
Profit and loss account		6,269	2,974
Shareholders' funds		6,369	3,074

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 April 2016

And signed on their behalf by:
D Peck, Director
C Peck, Director

DRILLPECK LIMITED Registered Number 08215984

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding the value added tax, of sales made during the year.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation has been provided at the following rates in order to write off the tangible fixed assets over their estimated useful lives:

Motor Vehicles 20% Straight Line

2Tangible fixed assets

	£
Cost
At 1 April 2015	13,665
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	13,665
Depreciation
At 1 April 2015	4,023
Charge for the year	1,536
On disposals	-
At 31 March 2016	5,559
Net book values
At 31 March 2016	8,106
At 31 March 2015	9,642