Company Registration No. 03061325 (England and Wales)
Clover Drilling Services Limited
Unaudited accounts
for the year ended 30 June 2023
Clover Drilling Services Limited
Unaudited accounts
Contents
Clover Drilling Services Limited
Company Information
for the year ended 30 June 2023
Directors
Mr Paul David Clover
Mrs Sarah Helen Clover
Secretary
Mrs Sarah Helen Clover
Company Number
03061325 (England and Wales)
Registered Office
CHEVERTONS
WESTON ROAD
TOTLAND
ISLE OF WIGHT
PO39 0EY
Accountants
Caryn March Accountants Limited
7 St Edmunds Walk
Wootton Bridge
Ryde
Isle of Wight
PO33 4JB
Clover Drilling Services Limited
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
240,536
305,385
Creditors: amounts falling due within one year
(1,351)
(22,334)
Net current assets
239,322
283,188
Net assets
239,342
283,213
Called up share capital
100
100
Profit and loss account
239,242
283,113
Shareholders' funds
239,342
283,213
For the year ending 30 June 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by
Mr Paul David Clover
Director
Company Registration No. 03061325
Clover Drilling Services Limited
Notes to the Accounts
for the year ended 30 June 2023
Clover Drilling Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03061325. The registered office is CHEVERTONS, WESTON ROAD, TOTLAND, ISLE OF WIGHT, PO39 0EY.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
20% reducing balance
Computer equipment
33% on cost
The accounts are presented in £ sterling.
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 2 (2022: 2).