REGISTERED NUMBER: SC364259 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2017

for

ABC Offshore Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A B Cumming

Miss D Strachan

SECRETARY:

Miss D Strachan

REGISTERED OFFICE:

33 School Road

St Fergus

Peterhead

Aberdeenshire

AB42 3HD

REGISTERED NUMBER:

SC364259 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

14,404

1,824

CURRENT ASSETS

Debtors

5

11,597

13,568

Cash at bank

10,113

12,789

21,710

26,357

CREDITORS

Amounts falling due within one year

6

19,565

28,081

NET CURRENT ASSETS/(LIABILITIES)

2,145

(1,724

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,549

100

CREDITORS

Amounts falling due after more than one year

7

13,933

-

NET ASSETS

2,616

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,516

-

SHAREHOLDERS' FUNDS

2,616

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 November 2017 and were signed on its behalf by:

A B Cumming - Director

1.	STATUTORY INFORMATION

ABC Offshore Limited is a private company, limited by shares , registered in Scotland. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents invoiced sales of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2016

-

3,392

3,392

Additions

16,687

-

16,687

At 30 September 2017

16,687

3,392

20,079

DEPRECIATION

At 1 October 2016

-

1,568

1,568

Charge for year

3,337

770

4,107

At 30 September 2017

3,337

2,338

5,675

NET BOOK VALUE

At 30 September 2017

13,350

1,054

14,404

At 30 September 2016

-

1,824

1,824

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

16,687

At 30 September 2017

16,687

DEPRECIATION

Charge for year

3,337

At 30 September 2017

3,337

NET BOOK VALUE

At 30 September 2017

13,350

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

11,247

10,665

Other debtors

350

2,903

11,597

13,568

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

2,934

-

Trade creditors

8

-

Taxation and social security

15,050

26,508

Other creditors

1,573

1,573

19,565

28,081

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

13,933

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A director had a loan of £2,595 from the company at 30 September 2016. This loan was fully repaid during the

year.

9.	RELATED PARTY DISCLOSURES

The company paid the directors dividends of £51,231 during the year.