Abbreviated Company Accounts - T.G. MITCHELL, WELLSITE GEOLOGICAL CONSULTANCY SERVICE LIMITED

T.G. MITCHELL, WELLSITE GEOLOGICAL CONSULTANCY SERVICE LIMITED - Company Information

06529172 T.G. MITCHELL, WELLSITE GEOLOGICAL CONSULTANCY SERVICE LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 06529172 2013-04-01 2014-03-31 06529172 2014-03-31 06529172 2013-03-31 06529172 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06529172 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 06529172

T.G. MITCHELL, WELLSITE GEOLOGICAL CONSULTANCY SERVICE LIMITED

Abbreviated Accounts

31 March 2014

T.G. MITCHELL, WELLSITE GEOLOGICAL CONSULTANCY SERVICE LIMITED Registered Number 06529172

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,784	2,379
		1,784	2,379
Current assets
Debtors		15,007	11,097
Cash at bank and in hand		18,060	47,230
		33,067	58,327
Prepayments and accrued income		366	372
Creditors: amounts falling due within one year		(49,430)	(47,885)
Net current assets (liabilities)		(15,997)	10,814
Total assets less current liabilities		(14,213)	13,193
Provisions for liabilities		(357)	(476)
Accruals and deferred income		(2,680)	(700)
Total net assets (liabilities)		(17,250)	12,017
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(17,350)	11,917
Shareholders' funds		(17,250)	12,017

For the year ending 31 March 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2014

And signed on their behalf by:
A G Mitchell, Director

T.G. MITCHELL, WELLSITE GEOLOGICAL CONSULTANCY SERVICE LIMITED Registered Number 06529172

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate

Fixtures and fittings 25% reducing balance basis

Other accounting policies
Going concern

The financial statements have been prepared on a going concern basis.

Illegal dividend

The company has made a distribution in contravention of the Companies Act 2006 in that dividends have been paid in excess of profits available for distribution. The shareholders will repay these excess dividends in the event that subsequent profits do not return the profit and loss account balance to credit. In these circumstances no provision has been made for the repayment of £17,349 which would be required to correct this position. The effect on the balance sheet would be to increase debtors by £17,349 and reduce the profit and loss account deficit to £nil.

2Tangible fixed assets

	£
Cost
At 1 April 2013	3,181
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	3,181
Depreciation
At 1 April 2013	802
Charge for the year	595
On disposals	-
At 31 March 2014	1,397
Net book values
At 31 March 2014	1,784
At 31 March 2013	2,379

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	A G Mitchell
Description of the transaction:	Directors loan account
Balance at 1 April 2013:	£ 0
Advances or credits made:	£ 2,894
Advances or credits repaid:	-
Balance at 31 March 2014:	£ 2,894

The loan is interest free and is repayable on demand