VW DRILLING SERVICES LIMITED

Company Registration Number:
07986808 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

VW DRILLING SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

VW DRILLING SERVICES LIMITED

Company Information

for the Period Ended 28 February 2023




Director: V. Winstanley
Registered office: Badgers Holt
Norwith Hill
Newington, Bawtry
Doncaster
Nottinghamshire
England
DN10 6BU
Company Registration Number: 07986808 (England and Wales)

VW DRILLING SERVICES LIMITED

Balance sheet

As at 28 February 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 5 399,643 219,308
Total fixed assets: 399,643 219,308
Current assets
Debtors: 6 21,528 10,616
Cash at bank and in hand: 218,513 332,565
Total current assets: 240,041 343,181
Creditors: amounts falling due within one year: 7 ( 27,957 ) ( 29,026 )
Net current assets (liabilities): 212,084 314,155
Total assets less current liabilities: 611,727 533,463
Total net assets (liabilities): 611,727 533,463

The notes form part of these financial statements

VW DRILLING SERVICES LIMITED

Balance sheet continued

As at 28 February 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 611,726 533,462
Shareholders funds: 611,727 533,463

For the year ending 28 February 2023 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.

This report was approved by the board of directors on 17 October 2023
And Signed On Behalf Of The Board By:

Name: V. Winstanley
Status: Director

The notes form part of these financial statements

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 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

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life :- Motor Vehicle at 25% on the reducing net book value and Office Equipment at 15% on the reducing net book value

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Dividends


2023
£

2022
£
Dividends paid 15,000 15,000

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Tangible assets

Land & buildings Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 March 2022 211,835 4,402 20,181 236,418
Additions 162,350 - 30,997 193,347
Disposals - ( 365 ) ( 20,181 ) ( 20,546 )
Revaluations - - - -
Transfers - - - -
At 28 February 2023 374,185 4,037 30,997 409,219
Depreciation
At 01 March 2022 - 1,718 15,392 17,110
Charge for year - 474 7,749 8,223
On disposals - ( 365 ) ( 6,681 ) ( 7,046 )
Other adjustments - - ( 8,711 ) ( 8,711 )
At 28 February 2023 - 1,827 7,749 9,576
Net book value
At 28 February 2023 374,185 2,210 23,248 399,643
At 28 February 2022 211,835 2,684 4,789 219,308

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Debtors


2023
£

2022
£
Trade debtors 21,355 9,943
Prepayments and accrued income 173 673
Total 21,528 10,616

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 25,689 25,727
Accruals and deferred income 1,715 2,170
Other creditors 553 1,129
Total 27,957 29,026