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Registered number: 06919550

Jackson Drilling Holdings Limited

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2021


Jackson Drilling Holdings Limited

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
DIRECTORS
R S Clapp
B Cornish
SECRETARY
N Claydon
REGISTERED OFFICE
The Lodge
Park Road
Shepton Mallet
Somerset
BA4 5BS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06919550
BANKERS
Handelsbanken, 40 Queens Square, Bristol, BS1 4QP

Jackson Drilling Holdings Limited

ACCOUNTS
FOR THEYEARENDED30 NOVEMBER 2021
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Jackson Drilling Holdings Limited

BALANCE SHEET AT 30 November 2021
20212020
Notes££
FIXED ASSETS
Tangible assets2930,475839,299
Investment Assets3183,49611,919
1,113,971851,218
CURRENT ASSETS
Stock55,68045,110
Debtors5734,119688,600
Cash at bank and in hand891,320745,897
1,681,1191,479,607
CREDITORS: Amounts falling due within one year61,016,003629,691
NET CURRENT ASSETS665,116849,916
TOTAL ASSETS LESS CURRENT LIABILITIES1,779,0871,701,134
CREDITORS: Amounts falling due after more than one year7-36,491
PROVISIONS FOR LIABILITIES AND CHARGES9172,095153,833
NET ASSETS1,606,9921,510,810
CAPITAL AND RESERVES
Called up share capital109595
Capital redemption reserve1155
Profit and loss account1,606,8921,510,710
SHAREHOLDERS' FUNDS1,606,9921,510,810
For the year ending 30 November 2021 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27 August 2022 and signed on their behalf by
.............................
R S Clapp
Director

Jackson Drilling Holdings Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 20%
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 30%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1f. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Jackson Drilling Holdings Limited

1g. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. TANGIBLE FIXED ASSETS
Land AndPlant andCommercial
BuildingsMachineryVehiclesEquipmentMotor CarsTotal
££££££
Cost
At 1 December 202074,7131,756,547506,50628,23331,1092,397,108
Additions6,925393,67769,3778,235-478,214
Disposals-(366,928)---(366,928)
At 30 November 202181,6381,783,296575,88336,46831,1092,508,394
Depreciation
At 1 December 202045,0621,177,635313,59313,7427,7771,557,809
Disposals-(311,189)---(311,189)
For the year11,864229,22878,6875,6875,833331,299
At 30 November 202156,9261,095,674392,28019,42913,6101,577,919
Net Book Amounts
At 30 November 202124,712687,622183,60317,03917,499930,475
At 30 November 202029,651578,912192,91314,49123,332839,299
3. INVESTMENT FIXED ASSETS
Shares in group companiesOther
and participating interestsInvestmentsTotal
£££
Cost
At 1 December 202010011,81911,919
Revaluation169,0092,568171,577
At 30 November 2021169,10914,387183,496
Amortisation
Net Book Amounts
At 30 November 2021169,10914,387183,496
At 30 November 202010011,81911,919
The company holds 100% of the issued share capital of Geological Surveys Limited, incorporated in the United Kingdom. This company is dormant.
The company holds 100% of the share capital in Follaton Water Services Ltd, incorporated in the United Kingdom..

Jackson Drilling Holdings Limited

4. STOCK 20212020
££
Stock comprises:
Stock55,68045,110
55,68045,110
5. DEBTORS 20212020
££
Amounts falling due within one year
Trade debtors709,509675,472
Other debtors24,61013,128
734,119688,600
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20212020
££
UK corporation tax123,290111,547
Other taxes and social security165,100215,290
Obligation under finance lease and hire purchase contracts36,49084,611
Trade creditors243,800152,926
Other creditors447,32365,317
1,016,003629,691
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20212020
££
Obligations under finance lease and hire purchase contracts-36,491
-36,491

Jackson Drilling Holdings Limited

8. EMPLOYEES
20212020
No.No.
Average number of employees2322
9. PROVISIONS FOR LIABILITIES 20212020
££
Deferred taxation172,095153,833
172,095153,833
10. SHARE CAPITAL 20212020
££
Allotted, issued and fully paid:
65 Ordinary Class A shares of £1 each6565
25 Ordinary Class B shares of £1 each2525
5 Ordinary Class C shares of £1 each55
9595
11. OTHER RESERVES 20212020
££
Capital redemption reserve55
55
12. CONTROLLING PARTY
The company is controlled by the director who owns 79% of the called up share capital.
13. RELATED PARTY TRANSACTIONS
Other Creditors includes a loan owing to the director and majority shareholder Mrs RS Clapp of £177,244 (2020 - £31,031). The loan is unsecured, interest free and there are no fixed repayment terms.
During the year, the company paid dividends to Mrs RS Clapp of £395,263 (2020 - £474,737).