Company Registration No. NI674099 (Northern Ireland)
South Derry Well Drilling Ltd
Unaudited accounts
for the year ended 30 November 2022
South Derry Well Drilling Ltd
Unaudited accounts
Contents
South Derry Well Drilling Ltd
Company Information
for the year ended 30 November 2022
Director
William John Campbell
Secretary
William John Campbell
Company Number
NI674099 (Northern Ireland)
Registered Office
61d Main Street
Maghera
County Londonderry
BT46 5AB
United Kingdom
Accountants
McGrath Pattison Ltd
61d Main Street
Maghera
Londonderry
BT46 5AB
South Derry Well Drilling Ltd
Statement of financial position
as at 30 November 2022
Tangible assets
168,324
91,751
Cash at bank and in hand
11,837
16,356
Creditors: amounts falling due within one year
(176,547)
(92,506)
Net current liabilities
(119,460)
(18,990)
Total assets less current liabilities
48,864
72,761
Creditors: amounts falling due after more than one year
(47,663)
(57,375)
Called up share capital
100
100
Profit and loss account
1,101
15,286
Shareholders' funds
1,201
15,386
For the year ending 30 November 2022 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2023 and were signed on its behalf by
William John Campbell
Director
Company Registration No. NI674099
South Derry Well Drilling Ltd
Notes to the Accounts
for the year ended 30 November 2022
South Derry Well Drilling Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI674099. The registered office is 61d Main Street, Maghera, County Londonderry, BT46 5AB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 November 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Balance
4
Tangible fixed assets
Plant & machinery
At 1 December 2021
101,945
At 30 November 2022
197,220
Charge for the year
18,702
At 30 November 2022
28,896
At 30 November 2022
168,324
At 30 November 2021
91,751
South Derry Well Drilling Ltd
Notes to the Accounts
for the year ended 30 November 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
30,467
38,851
Loans from directors
135,811
48,444
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
47,663
57,375
8
Average number of employees
During the year the average number of employees was 4 (2021: 4).