Point Five (Well Services) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC184093 (Scotland)

Abbreviated Accounts for the Year Ended 30 April 2014

for

Point Five (Well Services) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

H C Crumpton

SECRETARY:

A Lee

REGISTERED OFFICE:

Tigh-Holm

Sculamus Moss

Breakish

Isle of Skye

IV42 8BQ

REGISTERED NUMBER:

SC184093 (Scotland)

ACCOUNTANTS:

Highland Accountancy Practice

Chartered Accountants

Suite 1A, Willow House

Stoneyfield Business Park

Inverness

Highland

IV2 7PA

FIXED ASSETS

Tangible assets

2

13,275

18,395

Investment property

3

-

231,849

13,275

250,244

CURRENT ASSETS

Debtors

130,261

32,083

Cash at bank

114,056

20,721

244,317

52,804

CREDITORS

Amounts falling due within one year

69,059

23,853

NET CURRENT ASSETS

175,258

28,951

TOTAL ASSETS LESS CURRENT LIABILITIES

188,533

279,195

PROVISIONS FOR LIABILITIES

2,655

3,679

NET ASSETS

185,878

275,516

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and Loss Account

185,778

275,416

SHAREHOLDERS' FUNDS

185,878

275,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 10 November 2014 and were signed by:

H C Crumpton - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings

-

20% on cost

Office Equipment

-

25% on cost

Motor Vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

35,724

Additions

545

At 30 April 2014

36,269

DEPRECIATION

At 1 May 2013

17,329

Charge for year

5,665

At 30 April 2014

22,994

NET BOOK VALUE

At 30 April 2014

13,275

At 30 April 2013

18,395

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 May 2013

231,849

Disposals

(231,849

)

At 30 April 2014

-

NET BOOK VALUE

At 30 April 2014

-

At 30 April 2013

231,849

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

100

Ordinary

£1

100

100