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REGISTERED NUMBER: SC697152 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

2W Geological Services Ltd

2W Geological Services Ltd (Registered number: SC697152)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


2W Geological Services Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: E Homson





REGISTERED OFFICE: 32 William Street
Helensburgh
G84 8BJ





REGISTERED NUMBER: SC697152 (Scotland)





ACCOUNTANTS: Clements
Chartered Accountants
17 Colquhoun Square
Helensburgh
G84 8AD

2W Geological Services Ltd (Registered number: SC697152)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 371 -

CURRENT ASSETS
Debtors 5 1,080 -
Cash at bank 6,297 100
7,377 100
CREDITORS
Amounts falling due within one year 6 21,886 1,646
NET CURRENT LIABILITIES (14,509 ) (1,546 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,138

)

(1,546

)

PROVISIONS FOR LIABILITIES 70 -
NET LIABILITIES (14,208 ) (1,546 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,308 ) (1,646 )
SHAREHOLDERS' FUNDS (14,208 ) (1,546 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 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 August 2024 and were signed by:



E Homson - Director


2W Geological Services Ltd (Registered number: SC697152)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

2W Geological 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
Revenue is recognised when goods are delivered to customers or services performed .The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period.

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 557
At 30 April 2024 557
DEPRECIATION
Charge for year 186
At 30 April 2024 186
NET BOOK VALUE
At 30 April 2024 371

2W Geological Services Ltd (Registered number: SC697152)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,080 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 21,886 1,646

Included in other creditors is the director's current account which is unsecured, interest free and repayable on demand.