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Unaudited Financial Statements |
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for the Period 8 June 2016 to 31 May 2017 |
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for |
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Hale Wireline Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 8 June 2016 to 31 May 2017 |
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for |
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Hale Wireline Ltd |
Hale Wireline Ltd (Registered number: SC537495) |
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Contents of the Financial Statements |
for the Period 8 June 2016 to 31 May 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Hale Wireline Ltd |
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Company Information |
for the Period 8 June 2016 to 31 May 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
182 High Street |
Montrose |
ANGUS |
DD10 8PH |
Hale Wireline Ltd (Registered number: SC537495) |
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Balance Sheet |
31 May 2017 |
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Notes | £ |
CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Hale Wireline Ltd (Registered number: SC537495) |
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Notes to the Financial Statements |
for the Period 8 June 2016 to 31 May 2017 |
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1. | STATUTORY INFORMATION |
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Hale Wireline Ltd is a
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number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The director has a reasonable expectation that the company has adequate resources to continue in operational |
existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in |
preparing the annual financial statements. |
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Turnover |
Turnover and profit on ordinary activities before taxation are attributable to field engineering. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except |
to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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 period end and that are expected to apply to the |
reversal of the timing difference. |
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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. |
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Contracts for services |
Where the substance of a contract is that the contractual obligations are performed gradually over time, |
revenue is recognised as contract activity progresses to reflect the partial performance of our contractual |
obligations. The amount of revenue included reflects the accrual of the right to consideration as contract |
activity progresses by reference to value of the work performed. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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Hale Wireline Ltd (Registered number: SC537495) |
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Notes to the Financial Statements - continued |
for the Period 8 June 2016 to 31 May 2017 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Taxation and social security |
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Other creditors |
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5. | RELATED PARTY DISCLOSURES |
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S A Hale |
Director and shareholder |
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S Hale operated a directors loan throughout the year where he advanced to the company £548. The loan is |
operated on an interest free basis. |
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Amount due to related party at balance sheet date |
S A Hale |
Director and shareholder | 548 |
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6. | ULTIMATE CONTROLLING PARTY |
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The controlling party is S A Hale. |