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REGISTERED NUMBER: SC485943 (Scotland)












Financial Statements for the Year Ended 31 August 2023

for

SB WELL SERVICES LTD

SB WELL SERVICES LTD (REGISTERED NUMBER: SC485943)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SB WELL SERVICES LTD

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S I Brown
Y M Brown





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC485943 (Scotland)





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

SB WELL SERVICES LTD (REGISTERED NUMBER: SC485943)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,855 12,254

CURRENT ASSETS
Debtors 5 16,142 10,875
Cash at bank 74,465 60,403
90,607 71,278
CREDITORS
Amounts falling due within one year 6 23,814 22,822
NET CURRENT ASSETS 66,793 48,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,648

60,710

CREDITORS
Amounts falling due after more than one
year

7

(10,909

)

(14,667

)

PROVISIONS FOR LIABILITIES (2,329 ) (2,328 )
NET ASSETS 63,410 43,715

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,310 43,615
SHAREHOLDERS' FUNDS 63,410 43,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SB WELL SERVICES LTD (REGISTERED NUMBER: SC485943)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 Board of Directors and authorised for issue on 10 February 2024 and were signed on its behalf by:





S I Brown - Director


SB WELL SERVICES LTD (REGISTERED NUMBER: SC485943)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

SB Well 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 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.

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 2 (2022 - 2 ) .

SB WELL SERVICES LTD (REGISTERED NUMBER: SC485943)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 1,208 16,200 5,933 23,341
Additions - - 832 832
At 31 August 2023 1,208 16,200 6,765 24,173
DEPRECIATION
At 1 September 2022 302 7,088 3,697 11,087
Charge for year 227 2,278 726 3,231
At 31 August 2023 529 9,366 4,423 14,318
NET BOOK VALUE
At 31 August 2023 679 6,834 2,342 9,855
At 31 August 2022 906 9,112 2,236 12,254

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,950 10,875
Other debtors 192 -
16,142 10,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Taxation and social security 18,617 17,625
Other creditors 1,197 1,197
23,814 22,822

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 10,909 14,667

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £48,600 (2022 - £50,926) were paid to the directors .

The company was under the control of SI Brown and YM Brown throughout the current year and SI Brown throughout the previous year.