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REGISTERED NUMBER: SC340690 (Scotland)












Financial Statements for the Year Ended 5 April 2024

for

KDK WELL SERVICES LTD

KDK WELL SERVICES LTD (REGISTERED NUMBER: SC340690)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KDK WELL SERVICES LTD

Company Information
for the Year Ended 5 April 2024







DIRECTOR: K Flynn





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC340690 (Scotland)





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

KDK WELL SERVICES LTD (REGISTERED NUMBER: SC340690)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18 24

CURRENT ASSETS
Investments 5 211,550 219,494
Cash at bank 87,281 88,077
298,831 307,571
CREDITORS
Amounts falling due within one year 6 107,172 93,627
NET CURRENT ASSETS 191,659 213,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,677

213,968

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 191,477 213,768
SHAREHOLDERS' FUNDS 191,677 213,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2024 and were signed by:




K Flynn - Director


KDK WELL SERVICES LTD (REGISTERED NUMBER: SC340690)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

KDK 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.
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 ) .

KDK WELL SERVICES LTD (REGISTERED NUMBER: SC340690)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 6 April 2023
and 5 April 2024 654
DEPRECIATION
At 6 April 2023 630
Charge for year 6
At 5 April 2024 636
NET BOOK VALUE
At 5 April 2024 18
At 5 April 2023 24

5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 211,550 219,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 248 -
Other creditors 106,924 93,627
107,172 93,627

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £983 (2023 - £2,654) were paid to the director .

The company was under the control of K Flynn throughout the current and previous year. K Flynn is the managing director and owns 100% of the issued share capital in the company.

During the year the director further advanced the company net amounts totalling £13,687. As at 5 April 2024 included within other creditors is a balance outstanding due to the director of £105,868 (2023 - £92,181). No interest has been paid on this loan.