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REGISTERED NUMBER: 07765498 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2024

FOR

WELL SITE SUPERVISOR SERVICES LTD

WELL SITE SUPERVISOR SERVICES LTD (REGISTERED NUMBER: 07765498)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WELL SITE SUPERVISOR SERVICES LTD

COMPANY INFORMATION
for the Year Ended 29 September 2024







DIRECTOR: S B Murphy





REGISTERED OFFICE: 11 Longcroft Park
Beverley
East Yorkshire
HU17 7DY





REGISTERED NUMBER: 07765498 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

WELL SITE SUPERVISOR SERVICES LTD (REGISTERED NUMBER: 07765498)

BALANCE SHEET
29 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 612,787 608,622
612,787 608,622

CURRENT ASSETS
Debtors 6 27,494 28,209
Cash at bank 55,987 46,458
83,481 74,667
CREDITORS
Amounts falling due within one year 7 333,592 334,498
NET CURRENT LIABILITIES (250,111 ) (259,831 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,676

348,791

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 362,176 348,291
SHAREHOLDERS' FUNDS 362,676 348,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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.

WELL SITE SUPERVISOR SERVICES LTD (REGISTERED NUMBER: 07765498)

BALANCE SHEET - continued
29 September 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 and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





S B Murphy - Director


WELL SITE SUPERVISOR SERVICES LTD (REGISTERED NUMBER: 07765498)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 September 2024


1. STATUTORY INFORMATION

Well Site Supervisor Services Ltd is a private company,limited by shares, incorporated and domiciled in England. The company's registered number is 07765498 and its registered office address and principal place of business is 11 Longcroft Park, Beverley, East Yorkshire, HU17 7DY.

The financial statements are presented in Sterling, which is the functional currency of the company and cover the individual entity only.

The principal activity of the company is the letting of property.

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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company including the current economic environment, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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.


WELL SITE SUPERVISOR SERVICES LTD (REGISTERED NUMBER: 07765498)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 September 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all 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 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 30 September 2023
and 29 September 2024 16,334
DEPRECIATION
At 30 September 2023
and 29 September 2024 16,334
NET BOOK VALUE
At 29 September 2024 -
At 29 September 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 September 2023 608,622
Additions 4,165
At 29 September 2024 612,787
NET BOOK VALUE
At 29 September 2024 612,787
At 29 September 2023 608,622

The director assessed the fair value of investment properties at the year end and consider the valuation to be fairly stated.

WELL SITE SUPERVISOR SERVICES LTD (REGISTERED NUMBER: 07765498)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 September 2024


5. INVESTMENT PROPERTY - continued

Fair value at 29 September 2024 is represented by:
£   
Valuation in 2022 136,072
Cost 476,715
612,787

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Deferred tax asset 25,234 25,234
Prepayments 2,260 2,975
27,494 28,209

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 3,257 5,728
Directors' current accounts 327,002 327,120
Accrued expenses 3,333 1,650
333,592 334,498

8. RELATED PARTY DISCLOSURES

Included within other creditors due within one year is a loan to the company from the director, S B Murphy. The balance outstanding at 30 September 2024 was £327,002 (2023 - £327,120).

The loan was made on an interest free basis and is repayable on demand.