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REGISTERED NUMBER: SC406675 (Scotland)












Financial Statements for the Year Ended 31 August 2023

for

DAB WELL OPERATIONS LTD

DAB WELL OPERATIONS LTD (REGISTERED NUMBER: SC406675)






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


DAB WELL OPERATIONS LTD

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S R Munro
J T Brown





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC406675 (Scotland)





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

DAB WELL OPERATIONS LTD (REGISTERED NUMBER: SC406675)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 366,762 358,893

CURRENT ASSETS
Debtors 5 35,867 39,875
Cash at bank 687,029 565,843
722,896 605,718
CREDITORS
Amounts falling due within one year 6 12,519 8,574
NET CURRENT ASSETS 710,377 597,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,077,139

956,037

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 1,077,089 955,987
SHAREHOLDERS' FUNDS 1,077,139 956,037

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.

DAB WELL OPERATIONS LTD (REGISTERED NUMBER: SC406675)

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 16 February 2024 and were signed on its behalf by:





S R Munro - Director


DAB WELL OPERATIONS LTD (REGISTERED NUMBER: SC406675)

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

1. STATUTORY INFORMATION

DAB Well Operations 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.
Freehold property - not provided
Improvements to property - not provided
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

DAB WELL OPERATIONS LTD (REGISTERED NUMBER: SC406675)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 September 2022 292,979 33,092 649
Additions - 17,533 -
Disposals - (1,283 ) -
At 31 August 2023 292,979 49,342 649
DEPRECIATION
At 1 September 2022 - - 416
Charge for year - - 58
At 31 August 2023 - - 474
NET BOOK VALUE
At 31 August 2023 292,979 49,342 175
At 31 August 2022 292,979 33,092 233

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 747 58,545 1,406 387,418
Additions - - - 17,533
Disposals - - - (1,283 )
At 31 August 2023 747 58,545 1,406 403,668
DEPRECIATION
At 1 September 2022 432 27,446 231 28,525
Charge for year 79 7,775 469 8,381
At 31 August 2023 511 35,221 700 36,906
NET BOOK VALUE
At 31 August 2023 236 23,324 706 366,762
At 31 August 2022 315 31,099 1,175 358,893

DAB WELL OPERATIONS LTD (REGISTERED NUMBER: SC406675)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 34,365 38,179
Other debtors 1,502 1,696
35,867 39,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,200 3,200
Taxation and social security 4,215 1,024
Other creditors 5,104 4,350
12,519 8,574

7. RELATED PARTY DISCLOSURES

The company was under the control of Mr SR Munro, the director, throughout the current and previous year.

During the year the company repaid the director net amounts totalling £5,477. As at 31 August 2022 included within other creditors is a balance outstanding due to the director of £2,247 (2021 - £7,724). No interest has been paid on this loan.