1 January 2019 false No description of principal activity Taxfiler 2022.8.3 SC254482business:PrivateLimitedCompanyLtd2019-01-012019-12-31 SC2544822018-12-31 SC2544822019-01-012019-12-31 SC254482business:AuditExemptWithAccountantsReport2019-01-012019-12-31 SC254482business:FullAccounts2019-01-012019-12-31 SC2544822019-12-31 SC254482business:Director12019-01-012019-12-31 SC254482business:RegisteredOffice2019-01-012019-12-31 SC2544822018-12-31 SC254482core:WithinOneYear2019-12-31 SC254482core:WithinOneYear2018-12-31 SC254482core:AfterOneYear2019-12-31 SC254482core:AfterOneYear2018-12-31 SC254482countries:Scotland2019-01-012019-12-31 SC2544822018-01-012018-12-31 SC254482business:Micro-entities2019-01-012019-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC254482 (Scotland)
iDrill Limited Unaudited accounts for the year ended 31 December 2019
iDrill Limited Annual report and unaudited accounts for the year ended 31 December 2019
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iDrill Limited Company Information for the year ended 31 December 2019
Director
Mr A H Macdonald
Company Number
SC254482 (Scotland)
Registered Office
6, Abercromby Place Stirling FK8 2QP
Accountants
Cameron Accounting Limited 22 McDonald Crescent Falkirk Stirlingshire FK2 9FL
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of iDrill Limited for the year ended 31 December 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of iDrill Limited for the year ended 31 December 2019 as set out on pages 5 - 5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of iDrill Limited, as a body, in accordance with the terms of our engagement letter dated 10 January 2020. Our work has been undertaken solely to prepare for your approval the accounts of iDrill Limited and state those matters that we have agreed to state to the Board of Directors of iDrill Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than iDrill Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that iDrill Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of iDrill Limited. You consider that iDrill Limited 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 accounts of iDrill Limited. 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 accounts.
Cameron Accounting Limited Chartered Certified Accountants 22 McDonald Crescent Falkirk Stirlingshire FK2 9FL 6 September 2022
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iDrill Limited Statement of Financial Position as at 31 December 2019
2019 
2018 
£ 
£ 
Current assets
927,587 
884,226 
Creditors: amounts falling due within one year
(279,336)
(246,330)
Net current assets
648,251 
637,896 
Total assets less current liabilities
648,251 
637,896 
Creditors: amounts falling due after more than one year
(15,174)
(30,221)
Accruals and deferred income
(3,000)
(1,500)
Net assets
630,077 
606,175 
Capital and reserves
630,077 
606,175 
NOTES TO THE ACCOUNTS
1 Statutory information
iDrill Limited is a private company, limited by shares, registered in Scotland, registration number SC254482. The registered office is 6, Abercromby Place, Stirling, FK8 2QP.
2 Director's advances, credit and guarantees
During the year the company made advances to the director totalling £13,064. The balance unpaid at the year-end is £719,044 (2018: £705,980). Interest is charged at a rate of 2.5% on balances over £10,000 and no fixed terms of repayment have been agreed.
3 Average number of employees
During the year the average number of employees was 1 (2018: 1).
For the year ending 31 December 2019 the company was entitled to exemption from audit 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 director acknowledges his 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 micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 6 September 2022
Mr A H Macdonald Director Company Registration No. SC254482
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