WEB RIGGING SERVICES LTD.

WEB RIGGING SERVICES LTD.

WEB RIGGING SERVICES LTD. - Company Information

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WEB RIGGING SERVICES LTD.

Company Registration Number:
SC301839 (Scotland)

Unaudited abridged accounts for the year ended 31 July 2017

Period of accounts

Start date: 01 August 2016

End date: 31 July 2017

WEB RIGGING SERVICES LTD.

Contents of the Financial Statements

for the Period Ended 31 July 2017

Balance sheet
Notes

WEB RIGGING SERVICES LTD.

Balance sheet

As at 31 July 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 2 270,003 289,562
Tangible assets: 3 701,344 1,563,579
Total fixed assets: 971,347 1,853,141
Current assets
Stocks: 45,950 195,248
Debtors:   274,651 303,783
Cash at bank and in hand: 43,786 11,485
Total current assets: 364,387 510,516
Creditors: amounts falling due within one year:   (366,992) (545,853)
Net current assets (liabilities): (2,605) (35,337)
Total assets less current liabilities: 968,742 1,817,804
Creditors: amounts falling due after more than one year:   (1,022,311) (1,190,970)
Total net assets (liabilities): (53,569) 626,834
Capital and reserves
Called up share capital: 332,716 332,716
Share premium account: 2,261,907 2,261,907
Profit and loss account: (2,648,192) (1,967,789)
Shareholders funds: (53,569) 626,834

The notes form part of these financial statements

WEB RIGGING SERVICES LTD.

Balance sheet statements

For the year ending 31 July 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 July 2018
and signed on behalf of the board by:

Name: A N Seymour
Status: Director

The notes form part of these financial statements

WEB RIGGING SERVICES LTD.

Notes to the Financial Statements

for the Period Ended 31 July 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WEB RIGGING SERVICES LTD.

Notes to the Financial Statements

for the Period Ended 31 July 2017

2. Intangible Assets

Total
Cost £
At 01 August 2016 387,104
Additions 6,439
At 31 July 2017 393,543
Amortisation
At 01 August 2016 97,542
Charge for year 25,998
At 31 July 2017 123,540
Net book value
At 31 July 2017 270,003
At 31 July 2016 289,562

WEB RIGGING SERVICES LTD.

Notes to the Financial Statements

for the Period Ended 31 July 2017

3. Tangible Assets

Total
Cost £
At 01 August 2016 2,035,883
Additions 43,788
Disposals (640,984)
At 31 July 2017 1,438,687
Depreciation
At 01 August 2016 472,304
Charge for year 265,039
At 31 July 2017 737,343
Net book value
At 31 July 2017 701,344
At 31 July 2016 1,563,579