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REGISTERED NUMBER: SC233575 (Scotland)











Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Bay Drilling Company Ltd.

Bay Drilling Company Ltd. (by shares) (Registered number: SC233575)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2


Bay Drilling Company Ltd. (by shares)

Company Information
for the year ended 31 July 2023







DIRECTOR: N D Bradley





SECRETARY: Mrs S E Bradley





REGISTERED OFFICE: Mills of Drum
Crathes
Banchory
Aberdeenshire
AB31 5JE





REGISTERED NUMBER: SC233575 (Scotland)





ACCOUNTANTS: Grampian Accounting
3 Prospect Place
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6SY

Bay Drilling Company Ltd. (by shares) (Registered number: SC233575)

Balance Sheet
31 July 2023

31.7.23 31.7.22
£    £    £    £   
FIXED ASSETS 255,998 256,946

CURRENT ASSETS 42,948 53,291

CREDITORS
Amounts falling due within one year (2,532 ) (1,815 )
NET CURRENT ASSETS 40,416 51,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,414

308,422

CREDITORS
Amounts falling due after more than one year 76,130 78,235
NET ASSETS 220,284 230,187

CAPITAL AND RESERVES 220,284 230,187

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2022 - 1 ) .

2. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
N D Bradley
Balance outstanding at start of year 24,998 27,650
Amounts repaid (2,653 ) (2,652 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,345 24,998

Interest is being charged on the loan to the company director at a rate of 2.25%.



Bay Drilling Company Ltd. (by shares) (Registered number: SC233575)

Balance Sheet - continued
31 July 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:





N D Bradley - Director