ADG Well Services Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC425082 (Scotland)

Abbreviated Accounts for the Year Ended 30 April 2014

for

ADG WELL SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A D Gibson

T E Gibson

REGISTERED OFFICE:

Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC425082 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

2

26,433

583

CURRENT ASSETS

Debtors

11,263

10,416

Cash at bank

33,795

40,449

45,058

50,865

CREDITORS

Amounts falling due within one year

12,353

23,357

NET CURRENT ASSETS

32,705

27,508

TOTAL ASSETS LESS CURRENT LIABILITIES

59,138

28,091

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

59,038

27,991

SHAREHOLDERS' FUNDS

59,138

28,091

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 directors acknowledge their 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 Board of Directors on 7 July 2014 and were signed on its behalf by:

A D Gibson - 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 goods, excluding 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.

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax due to timing differences is immaterial and therefore not recognised.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

700

Additions

26,270

At 30 April 2014

26,970

DEPRECIATION

At 1 May 2013

117

Charge for year

420

At 30 April 2014

537

NET BOOK VALUE

At 30 April 2014

26,433

At 30 April 2013

583

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100