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REGISTERED NUMBER: SC264228 (Scotland)












Financial Statements for the Year Ended 31 March 2024

for

SRG WELL SERVICES LTD

SRG WELL SERVICES LTD (REGISTERED NUMBER: SC264228)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SRG WELL SERVICES LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: SR Gauld
K Gauld





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC264228 (Scotland)





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

SRG WELL SERVICES LTD (REGISTERED NUMBER: SC264228)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 484 329
Investments 5 274,480 297,299
274,964 297,628

CURRENT ASSETS
Cash at bank 5,578 9,144

CREDITORS
Amounts falling due within one year 6 1,148 1,205
NET CURRENT ASSETS 4,430 7,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,394

305,567

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 279,294 305,467
SHAREHOLDERS' FUNDS 279,394 305,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

SRG WELL SERVICES LTD (REGISTERED NUMBER: SC264228)

Balance Sheet - continued
31 March 2024


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 September 2024 and were signed on its behalf by:





K Gauld - Director


SRG WELL SERVICES LTD (REGISTERED NUMBER: SC264228)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

SRG 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

SRG WELL SERVICES LTD (REGISTERED NUMBER: SC264228)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 334 2,059 2,393
Additions - 262 262
At 31 March 2024 334 2,321 2,655
DEPRECIATION
At 1 April 2023 310 1,754 2,064
Charge for year 6 101 107
At 31 March 2024 316 1,855 2,171
NET BOOK VALUE
At 31 March 2024 18 466 484
At 31 March 2023 24 305 329

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 297,299
Additions 143,292
Disposals (164,413 )
Share of profit/(loss) (1,698 )
At 31 March 2024 274,480
NET BOOK VALUE
At 31 March 2024 274,480
At 31 March 2023 297,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 66 213
Other creditors 1,082 992
1,148 1,205

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £11,848 (2023 - £11,797) were paid to the directors .

SRG WELL SERVICES LTD (REGISTERED NUMBER: SC264228)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. RELATED PARTY DISCLOSURES - continued

The company was under the control of SR Gauld and K Gauld, the directors, throughout the current and previous year.