Company registration number:
SC451335
Welldata (Subsurface Surveillance Systems) Ltd
Unaudited filleted financial statements
31 May 2020
Welldata (Subsurface Surveillance Systems) Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Welldata (Subsurface Surveillance Systems) Ltd
Directors and other information
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Directors
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Ms Roberta Littleford
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Mr Duncan Shepherd
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Company number
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SC451335
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Registered office
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Middle Foodie House
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Dairsie
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Cupar
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KY15 4RT
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Business address
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Middle Foodie House
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Dairsie
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Cupar
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KY15 4RT
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Accountants
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Barrie Scott & Co.
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16-18 Weir Street
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Falkirk
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FK1 1RA
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Welldata (Subsurface Surveillance Systems) Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Welldata (Subsurface Surveillance Systems) Ltd
Year ended 31 May 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Welldata (Subsurface Surveillance Systems) Ltd for the year ended 31 May 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Welldata (Subsurface Surveillance Systems) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Welldata (Subsurface Surveillance Systems) Ltd and state those matters that we have agreed to state to the board of directors of Welldata (Subsurface Surveillance Systems) Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Welldata (Subsurface Surveillance Systems) Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Welldata (Subsurface Surveillance Systems) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Welldata (Subsurface Surveillance Systems) Ltd. You consider that Welldata (Subsurface Surveillance Systems) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Welldata (Subsurface Surveillance Systems) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Barrie Scott & Co.
Accountants & Tax Advisers
16-18 Weir Street
Falkirk
FK1 1RA
20 March 2021
Welldata (Subsurface Surveillance Systems) Ltd
Statement of financial position
31 May 2020
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2020
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2019
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£
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£
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Fixed assets
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326,064
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309,648
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_______
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_______
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Current assets
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67,682
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1,160
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Creditors: amounts falling due within one year
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(
506,853)
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376,100)
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_______
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Net current liabilities
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439,171)
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374,940)
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Total assets less current liabilities
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(
113,107)
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65,292)
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Accruals and deferred income
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(
4,500)
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3,300)
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Net liabilities
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(
117,607)
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(
68,592)
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Capital and reserves
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(
117,607)
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68,592)
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Notes to the financial statements
Welldata (Subsurface Surveillance Systems) Ltd
Year ended 31 May 2020
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2019:
2
).
2.
Directors advances, credits and guarantees
Included in creditors in a balance of £332,538 (2016 : £274,204) due to the directors.These loans are interest free and have no fixed terms of repayment.
For the year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
20 March 2021
, and are signed on behalf of the board by:
Ms Roberta Littleford
Director
Company registration number:
SC451335
The company is a private company limited by shares, registered in Scotland.