RIG REACTIV8 LTD

Company Registration Number:
SC519457 (Scotland)

Unaudited abridged accounts for the year ended 30 November 2017

Period of accounts

Start date: 01 December 2016

End date: 30 November 2017

RIG REACTIV8 LTD

Contents of the Financial Statements

for the Period Ended 30 November 2017

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 9

RIG REACTIV8 LTD

Company Information

for the Period Ended 30 November 2017




Director: Mr Craig TB Watson
Secretary: Craig TB Watson
Registered office: 3 Hallforest Close
Kintore
Aberdeenshire
GB-SCT
AB51 0TU
Company Registration Number: SC519457 (Scotland)

RIG REACTIV8 LTD

Directors' Report Period Ended 30 November 2017

The directors present their report with the financial statements of the company for the period ended 30 November 2017

Principal Activities

The principal activities of the company are to provide asset management, asset integrity and project management services to customers in the oil and gas industry.

Political and charitable donations

The company does not engage in or contribute to political parties.

Directors

The directors shown below have held office during the whole of the period from 01 December 2016 to 30 November 2017
Mr Craig TB Watson

Secretary
Craig TB Watson

This report was approved by the board of directors on 23 April 2018
And Signed On Behalf Of The Board By:

Name: Mr Craig TB Watson
Status: Director

RIG REACTIV8 LTD

Balance sheet

As at 30 November 2017


Notes

2017
£
13 months to
30 Nov 2016
£
Fixed assets
Tangible assets: 3 422 400
Total fixed assets: 422 400
Current assets
Debtors: 4 3
Cash at bank and in hand: 13,616 449
Total current assets: 13,620 452
Creditors: amounts falling due within one year: ( 5,601 ) ( 21 )
Net current assets (liabilities): 8,019 431
Total assets less current liabilities: 8,441 831
Creditors: amounts falling due after more than one year: ( 1,159 )
Total net assets (liabilities): 8,441 ( 328 )

The notes form part of these financial statements

RIG REACTIV8 LTD

Balance sheet continued

As at 30 November 2017


Notes

2017
£
13 months to
30 Nov 2016
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 8,439 ( 330 )
Shareholders funds: 8,441 ( 328 )

For the year ending 30 November 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 April 2018
And Signed On Behalf Of The Board By:

Name: Mr Craig TB Watson
Status: Director

The notes form part of these financial statements

RIG REACTIV8 LTD

Notes to the Financial Statements

for the Period Ended 30 November 2017

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers,

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful life.

RIG REACTIV8 LTD

Notes to the Financial Statements

for the Period Ended 30 November 2017

2. Dividends


2017
£
13 months to
30 Nov 2016
£
Dividends paid 14,000 0

RIG REACTIV8 LTD

Notes to the Financial Statements

for the Period Ended 30 November 2017

3. Tangible Assets

Total
Cost £
At 01 December 2016 600
Additions 333
Disposals -
Revaluations -
Transfers -
At 30 November 2017 933
Depreciation
At 01 December 2016 200
Charge for year 311
On disposals -
Other adjustments -
At 30 November 2017 511
Net book value
At 30 November 2017 422
At 30 November 2016 400