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REGISTERED NUMBER: SC293079 (Scotland)












GMC DRILLING LTD.

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






GMC DRILLING LTD. (REGISTERED NUMBER: SC293079)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GMC DRILLING LTD.

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTOR: Mr G M Carvalho





SECRETARY: Mrs V C Carvalho





REGISTERED OFFICE: Trinity House
31 Lynedoch Street
Glasgow
G3 6EF





REGISTERED NUMBER: SC293079 (Scotland)





ACCOUNTANTS: Nicolson Accountancy
Trinity House
31 Lynedoch Street
Glasgow
G3 6EF

GMC DRILLING LTD. (REGISTERED NUMBER: SC293079)

BALANCE SHEET
31 March 2018

31.3.18 31.3.17
Notes £    £   
CURRENT ASSETS
Debtors 5 131,312 131,312
Cash at bank 344,100 360,492
475,412 491,804
CREDITORS
Amounts falling due within one year 6 71,029 73,992
NET CURRENT ASSETS 404,383 417,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,383

417,812

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 404,283 417,712
SHAREHOLDERS' FUNDS 404,383 417,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director on 13 November 2018 and were signed by:





Mr G M Carvalho - Director


GMC DRILLING LTD. (REGISTERED NUMBER: SC293079)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Gmc Drilling 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.
Computer equipment - 33% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2017
and 31 March 2018 6,674
DEPRECIATION
At 1 April 2017
and 31 March 2018 6,674
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 -

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Other debtors 131,312 131,312

GMC DRILLING LTD. (REGISTERED NUMBER: SC293079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Other creditors 71,029 73,992

7. RESERVES
Retained
earnings
£   

At 1 April 2017 417,712
Deficit for the year (7,429 )
Dividends (6,000 )
At 31 March 2018 404,283