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Company Registration No. 08886646 (England and Wales)
RIGZONE WELL SERVICES LTD Unaudited accounts for the year ended 31 December 2023
RIGZONE WELL SERVICES LTD Unaudited accounts Contents
Page
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RIGZONE WELL SERVICES LTD Company Information for the year ended 31 December 2023
Director
LUCIAN TEMELCEA
Secretary
LUCIAN TEMELCEA
Company Number
08886646 (England and Wales)
Registered Office
11 Highfield House Queensway Hemel Hempstead ENGLAND HP2 5GZ United Kingdom
Accountants
ATHOS FOUTTIS & CO LTD Agias Fylaxeos & Zenonos Rossidi 2 Limassol Cyprus 3082
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RIGZONE WELL SERVICES LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
151,872 
77,231 
Cash at bank and in hand
17,880 
25,227 
169,752 
102,458 
Creditors: amounts falling due within one year
(121,129)
(77,651)
Net current assets
48,623 
24,807 
Total assets less current liabilities
48,623 
24,807 
Creditors: amounts falling due after more than one year
(103,870)
(94,085)
Net liabilities
(55,247)
(69,278)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(56,247)
(70,278)
Shareholders' funds
(55,247)
(69,278)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 August 2024 and were signed on its behalf by
LUCIAN TEMELCEA Director Company Registration No. 08886646
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RIGZONE WELL SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
RIGZONE WELL SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 08886646. The registered office is 11 Highfield House, Queensway Hemel , Hempstead , ENGLAND, HP2 5GZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
151,472 
77,031 
Other debtors
400 
200 
151,872 
77,231 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
107,316 
64,655 
Other creditors
6,373 
5,465 
Accruals
7,440 
7,531 
121,129 
77,651 
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RIGZONE WELL SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
40,882 
46,684 
Other creditors
62,988 
47,401 
103,870 
94,085 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Average number of employees
During the year the average number of employees was 4 (2022: 6).
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