IRIS Accounts Production v24.2.0.383 SC416414 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4164142023-03-31SC4164142024-03-31SC4164142023-04-012024-03-31SC4164142022-03-31SC4164142022-04-012023-03-31SC4164142023-03-31SC416414ns15:Scotland2023-04-012024-03-31SC416414ns14:PoundSterling2023-04-012024-03-31SC416414ns10:Director12023-04-012024-03-31SC416414ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC416414ns10:SmallEntities2023-04-012024-03-31SC416414ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC416414ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC416414ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC416414ns10:FullAccounts2023-04-012024-03-31SC416414ns10:Director22023-04-012024-03-31SC416414ns10:RegisteredOffice2023-04-012024-03-31SC416414ns5:CurrentFinancialInstruments2024-03-31SC416414ns5:CurrentFinancialInstruments2023-03-31SC416414ns5:ShareCapital2024-03-31SC416414ns5:ShareCapital2023-03-31SC416414ns5:RetainedEarningsAccumulatedLosses2024-03-31SC416414ns5:RetainedEarningsAccumulatedLosses2023-03-31SC416414ns5:ComputerEquipment2023-04-012024-03-31SC416414ns5:PlantMachinery2023-03-31SC416414ns5:ComputerEquipment2023-03-31SC416414ns5:PlantMachinery2023-04-012024-03-31SC416414ns5:PlantMachinery2024-03-31SC416414ns5:ComputerEquipment2024-03-31SC416414ns5:PlantMachinery2023-03-31SC416414ns5:ComputerEquipment2023-03-31SC416414ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC416414ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC416414ns10:Director222023-03-31SC416414ns10:Director222022-03-31SC416414ns10:Director222023-04-012024-03-31SC416414ns10:Director222022-04-012023-03-31SC416414ns10:Director222024-03-31SC416414ns10:Director222023-03-31
REGISTERED NUMBER: SC416414 (Scotland)















Financial Statements for the Year Ended 31 March 2024

for

North East Well Operations Ltd

North East Well Operations Ltd (Registered number: SC416414)






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


North East Well Operations Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M R Towler
Mrs E L Towler





REGISTERED OFFICE: Cuttyhill Neuk
Rora
Peterhead
Aberdeenshire
AB42 4UP





REGISTERED NUMBER: SC416414 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

North East Well Operations Ltd (Registered number: SC416414)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,396 14,545

CURRENT ASSETS
Debtors 5 13,991 555
Cash at bank 74,380 116,553
88,371 117,108
CREDITORS
Amounts falling due within one year 6 2,199 2,316
NET CURRENT ASSETS 86,172 114,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,568

129,337

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 90,565 129,334
SHAREHOLDERS' FUNDS 90,568 129,337

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.

North East Well Operations Ltd (Registered number: SC416414)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





Mr M R Towler - Director


North East Well Operations Ltd (Registered number: SC416414)

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

1. STATUTORY INFORMATION

North East 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 52,636 1,611 54,247
Disposals (36,595 ) - (36,595 )
At 31 March 2024 16,041 1,611 17,652
DEPRECIATION
At 1 April 2023 38,091 1,611 39,702
Charge for year 1,465 - 1,465
Eliminated on disposal (27,911 ) - (27,911 )
At 31 March 2024 11,645 1,611 13,256
NET BOOK VALUE
At 31 March 2024 4,396 - 4,396
At 31 March 2023 14,545 - 14,545

North East Well Operations Ltd (Registered number: SC416414)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors loan account 13,991 -
VAT - 255
Prepayments - 300
13,991 555

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax - (8,694 )
Social security and other taxes 126 -
Directors loan account - 9,460
Accrued expenses 2,073 1,550
2,199 2,316

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs E L Towler
Balance outstanding at start of year - -
Amounts advanced 13,991 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,991 -

Director repaid £13,991 on 1st October 2024

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M R Towler.