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F B DRILLING SOLUTIONS LIMITED

Registered Number
SC641461
(Scotland)

Unaudited Financial Statements for the Year ended
11 March 2023

F B DRILLING SOLUTIONS LIMITED
Company Information
for the year from 12 March 2022 to 11 March 2023

Director

BLACK, Frank David

Company Secretary

BLACK, Claire

Registered Address

26 Brockwood Crescent Blackburn
Aberdeen
AB21 0JZ

Registered Number

SC641461 (Scotland)
F B DRILLING SOLUTIONS LIMITED
Balance Sheet as at
11 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets51,400-
1,400-
Current assets
Cash at bank and on hand56,35718,158
56,35718,158
Creditors amounts falling due within one year6(35,750)(18,157)
Net current assets (liabilities)20,6071
Total assets less current liabilities22,0071
Net assets22,0071
Capital and reserves
Called up share capital1001
Profit and loss account21,907-
Shareholders' funds22,0071
The financial statements were approved and authorised for issue by the Director on 15 November 2023, and are signed on its behalf by:
BLACK, Frank David
Director
Registered Company No. SC641461
F B DRILLING SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 11 March 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year21
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
Additions2,1002,100
At 11 March 232,1002,100
Depreciation and impairment
Charge for year700700
At 11 March 23700700
Net book value
At 11 March 231,4001,400
At 11 March 22--
6.Creditors within one year

2023

2022

££
Amounts owed to related parties1,048-
Taxation and social security34,18218,157
Other creditors520-
Total35,75018,157
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.