Registered number: 02802240 | ||||||||
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FOR THE YEAR ENDED 31/05/2020 | ||||||||
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Prepared By: | ||||||||
WALLER UK LIMITED | ||||||||
ACCOUNTANTS | ||||||||
28A CALLE CAMELIA | ||||||||
URB. CORTIJO DE TORREQUEBRADA | ||||||||
29630 BENALMADENA COSTA | ||||||||
MALAGA SPAIN |
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ACCESS DRILLING SERVICES LIMITED | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/05/2020 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
M BANCROFT | ||||||||
REGISTERED OFFICE | ||||||||
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HIGH PEAK | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02802240 | ||||||||
ACCOUNTANTS | ||||||||
WALLER UK LIMITED | ||||||||
ACCOUNTANTS | ||||||||
28A CALLE CAMELIA | ||||||||
URB. CORTIJO DE TORREQUEBRADA | ||||||||
29630 BENALMADENA COSTA | ||||||||
MALAGA SPAIN |
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ACCESS DRILLING SERVICES LIMITED | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/05/2020 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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ACCESS DRILLING SERVICES LIMITED | ||||||||
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BALANCE SHEET AT
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2020 | 2019 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 |
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CURRENT ASSETS | ||||||||||
Debtors | 4 |
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Cash at bank and in hand |
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262,276 | 229,017 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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122,089 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 6 | 151,451 | 147,460 | |||||||
NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 |
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Profit and loss account | 285,149 | 241,959 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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ACCESS DRILLING SERVICES LIMITED | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/05/2020 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 15% |
2. EMPLOYEES | ||||||
2020 | 2019 | |||||
No. | No. | |||||
Average number of employees |
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9 | ||||
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ACCESS DRILLING SERVICES LIMITED | ||||||||
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3. TANGIBLE FIXED ASSETS | ||||||||||
Land And | Plant and | Commercial | Fixtures | |||||||
Buildings | Machinery | Vehicles | and Fittings | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/06/2019 | 165,573 | 365,247 | 266,983 | 41,794 | 839,597 | |||||
Additions | - | - | 39,999 | - | 39,999 | |||||
Disposals | - | - | (12,950) | - | (12,950) | |||||
At 31/05/2020 | 165,573 | 365,247 | 294,032 | 41,794 | 866,646 | |||||
Depreciation | ||||||||||
At 01/06/2019 | - | 329,217 | 216,049 | 26,997 | 572,263 | |||||
Disposals | - | - | (12,950) | - | (12,950) | |||||
For the year | - | 7,206 | 9,746 | 2,764 | 19,716 | |||||
At 31/05/2020 | - | 336,423 | 212,845 | 29,761 | 579,029 | |||||
Net Book Amounts | ||||||||||
At 31/05/2020 |
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287,617 | |||||
At 31/05/2019 |
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267,334 | |||||
4. DEBTORS | 2020 | 2019 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 112,649 | 114,834 | ||||||
UK corporation tax | - | 4,223 | ||||||
Other debtors | 4,223 | 3,465 | ||||||
116,872 | 122,522 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
UK corporation tax | 4,371 | - | ||||||
Bank Loan | 10,000 | 10,000 | ||||||
Hire purchase | 26,470 | 28,120 | ||||||
Trade creditors | 52,298 | 35,625 | ||||||
Other creditors | 8,480 | 3,088 | ||||||
Accruals | 11,670 | 30,095 | ||||||
113,289 | 106,928 | |||||||
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ACCESS DRILLING SERVICES LIMITED | ||||||||
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6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
Bank loans (secured) >1yr | 129,216 | 89,225 | ||||||
Hire purchase >1yr | 22,235 | 58,235 | ||||||
151,451 | 147,460 | |||||||
7. SHARE CAPITAL | 2020 | 2019 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
4 | 4 | |||||||