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Company registration number: SC535492
Fraser Drilling Services Ltd
Unaudited filleted financial statements
30 April 2024
Fraser Drilling Services Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Fraser Drilling Services Ltd
Directors and other information
Director Mr James Fraser
Company number SC535492
Registered office 166 Braid Road
Edinburgh
EH10 6JB
Business address 166 Braid Road
Edinburgh
EH10 6JB
Accountants Ian J Brown & Company
2 Comiston Road
Edinburgh
EH10 5QE
Fraser Drilling Services Ltd
Report to the director on the preparation of the
unaudited statutory financial statements of Fraser Drilling Services Ltd
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fraser Drilling Services Ltd for the year ended 30 April 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the director of Fraser Drilling Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Fraser Drilling Services Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fraser Drilling Services Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Fraser Drilling Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fraser Drilling Services Ltd. You consider that Fraser Drilling Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Fraser Drilling Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ian J Brown & Company
Chartered Accountants
2 Comiston Road
Edinburgh
EH10 5QE
16 January 2025
Fraser Drilling Services Ltd
Statement of financial position
30 April 2024
2024 2023
£ £
Fixed assets 13,303 16,787
_______ _______
Current assets 27,635 61,514
Creditors: amounts falling due within one year ( 125,603) ( 124,733)
_______ _______
Net current liabilities ( 97,968) ( 63,219)
_______ _______
Total assets less current liabilities ( 84,665) ( 46,432)
_______ _______
Net liabilities ( 84,665) ( 46,432)
_______ _______
Capital and reserves ( 84,665) ( 46,432)
_______ _______
Notes to the financial statements
Fraser Drilling Services Ltd
Year ended 30 April 2024
1. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).
2. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr James Fraser ( 105,919) ( 14,132) ( 120,051)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr James Fraser ( 128,142) 22,223 ( 105,919)
_______ _______ _______
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 16 January 2025 , and are signed on behalf of the board by:
Mr James Fraser
Director
Company registration number: SC535492
The company is a private company limited by shares, registered in Scotland.