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REGISTERED NUMBER: SC323149 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

FOR

LB WELL SERVICES LTD

LB WELL SERVICES LTD (REGISTERED NUMBER: SC323149)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LB WELL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTOR: L Binnie





SECRETARY: Mrs P Binnie





REGISTERED OFFICE: 3 Hallforest Drive
Kintore
Inverurie
Aberdeenshire
AB51 0SP





REGISTERED NUMBER: SC323149 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ

LB WELL SERVICES LTD (REGISTERED NUMBER: SC323149)

BALANCE SHEET
5 APRIL 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,418 46,418

CURRENT ASSETS
Debtors 5 213,623 200,889
Cash at bank 6,689 -
220,312 200,889
CREDITORS
Amounts falling due within one year 6 48,902 25,583
NET CURRENT ASSETS 171,410 175,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,828

221,724

CREDITORS
Amounts falling due after more than one
year

7

88,428

88,428
NET ASSETS 129,400 133,296

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 129,300 133,196
SHAREHOLDERS' FUNDS 129,400 133,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 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.

LB WELL SERVICES LTD (REGISTERED NUMBER: SC323149)

BALANCE SHEET - continued
5 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 February 2024 and were signed by:





L Binnie - Director


LB WELL SERVICES LTD (REGISTERED NUMBER: SC323149)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

LB 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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 (2022 - 1 ) .

LB WELL SERVICES LTD (REGISTERED NUMBER: SC323149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2022
and 5 April 2023 65,966
DEPRECIATION
At 6 April 2022
and 5 April 2023 19,548
NET BOOK VALUE
At 5 April 2023 46,418
At 5 April 2022 46,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade debtors 33,540 -
Other debtors 180,083 200,889
213,623 200,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Bank loans and overdrafts 12,286 30,290
Trade creditors 1 -
Taxation and social security 36,615 (4,707 )
48,902 25,583

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.23 5.4.22
£    £   
Bank loans 46,132 46,132
Hire purchase contracts 42,296 42,296
88,428 88,428