West End Drilling Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC186390 (Scotland)

Abbreviated Accounts

for the Year Ended 30 September 2015

for

West End Drilling Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Mayers

SECRETARY:

J Mayers

REGISTERED OFFICE:

Currackstane House

Durris

Banchory

Aberdeenshire

AB31 6ED

REGISTERED NUMBER:

SC186390 (Scotland)

ACCOUNTANTS:

MMG Archbold

Chartered Accountants

182 High Street

Montrose

ANGUS

DD10 8PH

FIXED ASSETS

Tangible assets

2

1,232

1,449

CURRENT ASSETS

Cash at bank

605,429

587,028

CREDITORS

Amounts falling due within one year

49,985

94,577

NET CURRENT ASSETS

555,444

492,451

TOTAL ASSETS LESS CURRENT
LIABILITIES

556,676

493,900

CAPITAL AND RESERVES

Called up share capital

3

5

Profit and loss account

556,671

493,895

SHAREHOLDERS' FUNDS

556,676

493,900

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 9 June 2016 and were signed by:

J Mayers - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, 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.

Plant and machinery etc

-

15% on reducing balance

Contracts for services

Where the substance of a contract is that the contractual obligations are performed gradually over time,

revenue is recognised as contract activity progresses to reflect the partial performance of our contractual

obligations. The amount of revenue included reflects of the accrual of the right to consideration as contract

activity progresses by reference to value of the work performed.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

3,631

Additions

1,089

Disposals

(1,841

)

At 30 September 2015

2,879

DEPRECIATION

At 1 October 2014

2,182

Charge for year

345

Eliminated on disposal

(880

)

At 30 September 2015

1,647

NET BOOK VALUE

At 30 September 2015

1,232

At 30 September 2014

1,449

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

5

Ordinary

£1

5