IRIS Accounts Production v22.1.4.3 07502940 Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure075029402020-12-31075029402021-12-31075029402021-01-012021-12-31075029402019-12-31075029402020-01-012020-12-31075029402020-12-3107502940ns16:EnglandWales2021-01-012021-12-3107502940ns15:PoundSterling2021-01-012021-12-3107502940ns11:Director12021-01-012021-12-3107502940ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3107502940ns11:SmallEntities2021-01-012021-12-3107502940ns11:AuditExemptWithAccountantsReport2021-01-012021-12-3107502940ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3107502940ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3107502940ns11:FullAccounts2021-01-012021-12-3107502940ns11:Director22021-01-012021-12-3107502940ns11:RegisteredOffice2021-01-012021-12-3107502940ns6:CurrentFinancialInstruments2021-12-3107502940ns6:CurrentFinancialInstruments2020-12-3107502940ns6:Non-currentFinancialInstruments2021-12-3107502940ns6:Non-currentFinancialInstruments2020-12-3107502940ns6:ShareCapital2021-12-3107502940ns6:ShareCapital2020-12-3107502940ns6:RetainedEarningsAccumulatedLosses2021-12-3107502940ns6:RetainedEarningsAccumulatedLosses2020-12-3107502940ns6:OwnedOrFreeholdAssetsns6:LandBuildings2021-01-012021-12-3107502940ns6:PlantMachinery2021-01-012021-12-3107502940ns6:MotorVehicles2021-01-012021-12-3107502940ns6:LandBuildings2020-12-3107502940ns6:PlantMachinery2020-12-3107502940ns6:LandBuildings2021-01-012021-12-3107502940ns6:LandBuildings2021-12-3107502940ns6:PlantMachinery2021-12-3107502940ns6:LandBuildings2020-12-3107502940ns6:PlantMachinery2020-12-3107502940ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2020-12-3107502940ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2021-01-012021-12-3107502940ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2021-12-3107502940ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2020-12-3107502940ns6:CostValuation2020-12-3107502940ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3107502940ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-31
REGISTERED NUMBER: 07502940 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2021

for

ECO-DRILL LTD

ECO-DRILL LTD (REGISTERED NUMBER: 07502940)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

ECO-DRILL LTD

Company Information
for the Year Ended 31 December 2021







DIRECTORS: J P Dunlavey
Mrs K Dunlavey





REGISTERED OFFICE: 43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH





REGISTERED NUMBER: 07502940 (England and Wales)





ACCOUNTANTS: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

ECO-DRILL LTD (REGISTERED NUMBER: 07502940)

Balance Sheet
31 December 2021

31/12/21 31/12/20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 767,038 955,407
Investments 5 78,066 78,066
845,104 1,033,473

CURRENT ASSETS
Debtors 6 445,820 616,927
Cash at bank and in hand 135 134
445,955 617,061
CREDITORS
Amounts falling due within one year 7 536,626 365,334
NET CURRENT (LIABILITIES)/ASSETS (90,671 ) 251,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

754,433

1,285,200

CREDITORS
Amounts falling due after more than one
year

8

(161,496

)

(265,506

)

PROVISIONS FOR LIABILITIES (91,593 ) (119,026 )
NET ASSETS 501,344 900,668

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 500,144 899,468
SHAREHOLDERS' FUNDS 501,344 900,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

ECO-DRILL LTD (REGISTERED NUMBER: 07502940)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 15 June 2022 and were signed on its behalf by:





J P Dunlavey - Director


ECO-DRILL LTD (REGISTERED NUMBER: 07502940)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Eco-Drill Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Freehold property - 1% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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.

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.

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.

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.

ECO-DRILL LTD (REGISTERED NUMBER: 07502940)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 106,675 1,617,065 1,723,740
Disposals - (16,383 ) (16,383 )
At 31 December 2021 106,675 1,600,682 1,707,357
DEPRECIATION
At 1 January 2021 5,161 763,172 768,333
Charge for year 1,067 172,510 173,577
Eliminated on disposal - (1,591 ) (1,591 )
At 31 December 2021 6,228 934,091 940,319
NET BOOK VALUE
At 31 December 2021 100,447 666,591 767,038
At 31 December 2020 101,514 853,893 955,407

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

Plant and
machinery
etc
£   
COST
At 1 January 2021 693,270
Disposals (16,383 )
At 31 December 2021 676,887
DEPRECIATION
At 1 January 2021 198,304
Charge for year 100,724
Eliminated on disposal (1,591 )
At 31 December 2021 297,437
NET BOOK VALUE
At 31 December 2021 379,450
At 31 December 2020 494,966

ECO-DRILL LTD (REGISTERED NUMBER: 07502940)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2021
and 31 December 2021 78,066
NET BOOK VALUE
At 31 December 2021 78,066
At 31 December 2020 78,066

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Trade debtors 41,550 -
Amounts owed by group undertakings 355,022 587,265
Other debtors 49,248 29,662
445,820 616,927

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Bank loans and overdrafts - 2
Hire purchase contracts and finance leases 213,283 209,599
Trade creditors 331 36
Amounts owed to group undertakings 321,248 144,576
Taxation and social security - 8,184
Other creditors 1,764 2,937
536,626 365,334

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/21 31/12/20
£    £   
Hire purchase contracts and finance leases 161,496 265,506

9. SECURED DEBTS

The following secured debts are included within creditors:

31/12/21 31/12/20
£    £   
Hire purchase contracts and finance leases 374,779 475,105

Hire purchase contracts and finance lease borrowings are secured against the assets to which they relate.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Eco-Drill Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eco-Drill Ltd for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Eco-Drill Ltd, as a body, in accordance with the terms of our engagement letter dated 16 May 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Eco-Drill Ltd and state those matters that we have agreed to state to the Board of Directors of Eco-Drill Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eco-Drill Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Eco-Drill Ltd. You consider that Eco-Drill Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eco-Drill Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


15 June 2022