Company Registration No. SC615457 (Scotland)
NORTH EAST RIG OUT (ABERDEEN) LIMITED
Unaudited accounts
for the year ended 31 January 2024
NORTH EAST RIG OUT (ABERDEEN) LIMITED
Unaudited accounts
Contents
NORTH EAST RIG OUT (ABERDEEN) LIMITED
Company Information
for the year ended 31 January 2024
Company Number
SC615457 (Scotland)
Registered Office
UNIT 2 AND 3 ALTENS INDUSTRIAL ESTATE
ALTENS
ABERDEEN
AB12 3LY
UNITED KINGDOM
NORTH EAST RIG OUT (ABERDEEN) LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
5,090
6,892
Inventories
295,000
260,365
Creditors: amounts falling due within one year
(392,472)
(393,813)
Net current assets
70,845
57,470
Called up share capital
100
100
Profit and loss account
75,835
64,262
Shareholders' funds
75,935
64,362
For the year ending 31 January 2024 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 28 October 2024 and were signed on its behalf by
James Bisset
Director
Company Registration No. SC615457
NORTH EAST RIG OUT (ABERDEEN) LIMITED
Notes to the Accounts
for the year ended 31 January 2024
NORTH EAST RIG OUT (ABERDEEN) LIMITED is a private company, limited by shares, registered in Scotland, registration number SC615457. The registered office is UNIT 2 AND 3 ALTENS INDUSTRIAL ESTATE, ALTENS, ABERDEEN, AB12 3LY, UNITED KINGDOM.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2023
1,183
19,243
20,426
At 31 January 2024
1,183
19,243
20,426
At 1 February 2023
75
13,459
13,534
Charge for the year
298
1,504
1,802
At 31 January 2024
373
14,963
15,336
At 31 January 2024
810
4,280
5,090
At 31 January 2023
1,108
5,784
6,892
NORTH EAST RIG OUT (ABERDEEN) LIMITED
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
159,528
179,068
Accrued income and prepayments
8,789
11,850
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
127,797
126,375
Trade creditors
199,054
216,231
Taxes and social security
12,512
12,516
Other creditors
21,743
1,801
Loans from directors
9,536
9,896
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Average number of employees
During the year the average number of employees was 11 (2023: 12).