REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
FOR |
WELL SITE SUPERVISOR SERVICES LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the director and authorised for issue on |
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 |
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 |
Plant and machinery | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 30 September 2023 |
and 29 September 2024 |
DEPRECIATION |
At 30 September 2023 |
and 29 September 2024 |
NET BOOK VALUE |
At 29 September 2024 |
At 29 September 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 30 September 2023 |
Additions |
At 29 September 2024 |
NET BOOK VALUE |
At 29 September 2024 |
At 29 September 2023 |
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 |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Tax |
Directors' current accounts |
Accrued expenses |
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. |