Henderson Directional Drilling Ltd SC469331 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is consultancy. Digita Accounts Production Advanced 6.30.9574.0 true SC469331 2022-03-01 2023-02-28 SC469331 2023-02-28 SC469331 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC469331 core:ShareCapital 2023-02-28 SC469331 core:CurrentFinancialInstruments 2023-02-28 SC469331 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 SC469331 core:FurnitureFittingsToolsEquipment 2023-02-28 SC469331 bus:SmallEntities 2022-03-01 2023-02-28 SC469331 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 SC469331 bus:FullAccounts 2022-03-01 2023-02-28 SC469331 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 SC469331 bus:RegisteredOffice 2022-03-01 2023-02-28 SC469331 bus:Director1 2022-03-01 2023-02-28 SC469331 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 SC469331 core:FurnitureFittings 2022-03-01 2023-02-28 SC469331 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 SC469331 core:OfficeEquipment 2022-03-01 2023-02-28 SC469331 countries:Scotland 2022-03-01 2023-02-28 SC469331 2022-02-28 SC469331 core:FurnitureFittingsToolsEquipment 2022-02-28 SC469331 2021-03-01 2022-02-28 SC469331 2022-02-28 SC469331 core:RetainedEarningsAccumulatedLosses 2022-02-28 SC469331 core:ShareCapital 2022-02-28 SC469331 core:CurrentFinancialInstruments 2022-02-28 SC469331 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 SC469331 core:FurnitureFittingsToolsEquipment 2022-02-28 iso4217:GBP xbrli:pure

Registration number: SC469331

Henderson Directional Drilling Ltd

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Henderson Directional Drilling Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Henderson Directional Drilling Ltd

(Registration number: SC469331)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

1,030

Current assets

 

Debtors

5

236

-

Cash at bank and in hand

 

138,771

143,277

 

139,007

143,277

Creditors: Amounts falling due within one year

6

(4,241)

(4,649)

Net current assets

 

134,766

138,628

Total assets less current liabilities

 

134,766

139,658

Provisions for liabilities

-

(196)

Net assets

 

134,766

139,462

Capital and reserves

 

Called up share capital

10

10

Retained earnings

134,756

139,452

Shareholders' funds

 

134,766

139,462

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 November 2023 and signed on its behalf by:
 

.........................................
R J Henderson
Director

 

Henderson Directional Drilling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
14 Lanark Road West
Currie
Edinburgh
EH14 5ET

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Henderson Directional Drilling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.3% straight line

Fixtures and fittings

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Henderson Directional Drilling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

7,231

7,231

At 28 February 2023

7,231

7,231

Depreciation

At 1 March 2022

6,201

6,201

Charge for the year

1,030

1,030

At 28 February 2023

7,231

7,231

Carrying amount

At 28 February 2023

-

-

At 28 February 2022

1,030

1,030

5

Debtors

Current

2023
£

2022
£

Other debtors

236

-

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Directors loan

3,335

1,872

Other creditors

 

906

2,777

 

4,241

4,649