UK Plant & Diamond Drilling Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC194440 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

UK Plant & Diamond Drilling Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

I C MacDonald

SECRETARY:

REGISTERED OFFICE:

8 Church Street

New Pitsligo

Fraserburgh

Aberdeenshire

AB43 6NP

REGISTERED NUMBER:

SC194440 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

2

29,136

38,614

Investments

3

2

3

29,138

38,617

CURRENT ASSETS

Stocks

4,000

Debtors

91,537

149,145

Cash in hand

192

799

95,729

153,944

CREDITORS

Amounts falling due within one year

4

159,453

165,748

NET CURRENT LIABILITIES

(63,724

)

(11,804

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,586

)

26,813

CREDITORS

Amounts falling due after more than one
year

4

1,386

7,431

NET (LIABILITIES)/ASSETS

(35,972

)

19,382

CAPITAL AND RESERVES

Called up share capital

5

14,998

Capital redemption reserve

5,000

Profit and loss account

(55,970

)

(616

)

SHAREHOLDERS' FUNDS

(35,972

)

19,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 September 2016 and were signed by:

I C MacDonald - 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 the value of services provided, and is stated net of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Buildings

-

not provided

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

358,185

Additions

6,609

At 31 March 2016

364,794

DEPRECIATION

At 1 April 2015

319,571

Charge for year

16,087

At 31 March 2016

335,658

NET BOOK VALUE

At 31 March 2016

29,136

At 31 March 2015

38,614

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

3

Disposals

(1

)

At 31 March 2016

2

NET BOOK VALUE

At 31 March 2016

2

At 31 March 2015

3

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Diamond Drilling (Inverness) Limited

Country of incorporation: Scotland

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

4.

CREDITORS

Creditors include an amount of £ 7,432 (31.3.15 - £ 17,602 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

14,998

Ordinary

£1

14,998

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

A director has been paid cash advances during the year . The amount outstanding at the start of the year was

£32,905 and this amount was repaid and a further advance of £40,499 was made during the year. This amount

was outstanding at the Balance sheet date.