Craigward Petroleum Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC465447 (Scotland)

Abbreviated Accounts for the Year Ended 31 December 2015

for

Craigward Petroleum Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Beck

Mrs P Beck

SECRETARY:

REGISTERED OFFICE:

6 , Baillieswells Road

Aberdeen

AB15 9AP

REGISTERED NUMBER:

SC465447 (Scotland)

ACCOUNTANTS:

A J Croll & Company

19 Bon Accord Crescent

Aberdeen

Aberdeenshire

AB11 6DE

FIXED ASSETS

Tangible assets

2

1,296

1,945

CURRENT ASSETS

Debtors

53,075

15,130

Cash at bank

152,109

68,086

205,184

83,216

CREDITORS

Amounts falling due within one year

70,343

32,664

NET CURRENT ASSETS

134,841

50,552

TOTAL ASSETS LESS CURRENT
LIABILITIES

136,137

52,497

PROVISIONS FOR LIABILITIES

259

389

NET ASSETS

135,878

52,108

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

135,778

52,008

SHAREHOLDERS' FUNDS

135,878

52,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 24 June 2016 and were signed on its behalf by:

A Beck - 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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

2,594

DEPRECIATION

At 1 January 2015

649

Charge for year

649

At 31 December 2015

1,298

NET BOOK VALUE

At 31 December 2015

1,296

At 31 December 2014

1,945

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£100

100