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REGISTERED NUMBER: SC348524 (Scotland)












Financial Statements for the Year Ended 30 September 2018

for

AB OFFSHORE SERVICES LTD

AB OFFSHORE SERVICES LTD (REGISTERED NUMBER: SC348524)






Contents of the Financial Statements
for the Year Ended 30 September 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AB OFFSHORE SERVICES LTD

Company Information
for the Year Ended 30 September 2018







DIRECTOR: A Baillie





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC348524 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

AB OFFSHORE SERVICES LTD (REGISTERED NUMBER: SC348524)

Balance Sheet
30 September 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,439 1,920

CURRENT ASSETS
Debtors 5 - 9,315
Cash at bank 29,863 31,305
29,863 40,620
CREDITORS
Amounts falling due within one year 6 19,087 21,167
NET CURRENT ASSETS 10,776 19,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,215

21,373

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 12,207 21,365
SHAREHOLDERS' FUNDS 12,215 21,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director on 5 November 2018 and were signed by:





A Baillie - Director


AB OFFSHORE SERVICES LTD (REGISTERED NUMBER: SC348524)

Notes to the Financial Statements
for the Year Ended 30 September 2018

1. STATUTORY INFORMATION

AB Offshore Services Ltd is a private company, limited by shares , registered in Scotland. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss
Account, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

AB OFFSHORE SERVICES LTD (REGISTERED NUMBER: SC348524)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2017
and 30 September 2018 758 3,645 4,403
DEPRECIATION
At 1 October 2017 684 1,799 2,483
Charge for year 19 462 481
At 30 September 2018 703 2,261 2,964
NET BOOK VALUE
At 30 September 2018 55 1,384 1,439
At 30 September 2017 74 1,846 1,920

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 9,315

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 14,548 18,325
Other creditors 4,539 2,842
19,087 21,167

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £16,875 (2017 - £16,875) were paid to the director .

The company was under the control of the director, A Baillie, throughout the current and previous
year.

During the year the company repaid the director net amounts totalling £36. As at 30 September 2018
included within other creditors is a balance outstanding due to the director of £1,656 (2017 - £1,692).
No interest has been charged on this loan.