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REGISTERED NUMBER: 03122734 (England and Wales)





























Abridged Unaudited Financial Statements for the Year Ended 31 August 2023

for

Concrete Drilling Services Ltd.

Concrete Drilling Services Ltd. (Registered number: 03122734)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Concrete Drilling Services Ltd.

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr D Horrocks
Mr T R Davies
Mr N R Horrocks
Mr S A Horrocks





SECRETARY: Mr T R Davies





REGISTERED OFFICE: Unit 4
Waters Meeting
Britannia Way
Bolton
Lancashire
BL2 2HH





REGISTERED NUMBER: 03122734 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Concrete Drilling Services Ltd. (Registered number: 03122734)

Abridged Balance Sheet
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 366,617 248,183

CURRENT ASSETS
Stocks 63,154 46,976
Debtors 5 778,904 620,335
Cash at bank and in hand 497,045 518,933
1,339,103 1,186,244
CREDITORS
Amounts falling due within one year (447,999 ) (355,055 )
NET CURRENT ASSETS 891,104 831,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,257,721

1,079,372

CREDITORS
Amounts falling due after more than one
year

(106,999

)

(73,532

)

PROVISIONS FOR LIABILITIES (82,152 ) (59,364 )
NET ASSETS 1,068,570 946,476

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Share premium 9,110 9,110
Retained earnings 1,058,460 936,366
SHAREHOLDERS' FUNDS 1,068,570 946,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Concrete Drilling Services Ltd. (Registered number: 03122734)

Abridged Balance Sheet - continued
31 August 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by:





Mr D Horrocks - Director


Concrete Drilling Services Ltd. (Registered number: 03122734)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Concrete Drilling Services 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.

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.
Improvements to property - Over the term of the lease
Plant and machinery - 25% on reducing balance
Equipment - 25% on reducing balance
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Concrete Drilling Services Ltd. (Registered number: 03122734)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2022 - 48 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 924,536
Additions 230,724
Disposals (131,799 )
At 31 August 2023 1,023,461
DEPRECIATION
At 1 September 2022 676,353
Charge for year 111,822
Eliminated on disposal (131,331 )
At 31 August 2023 656,844
NET BOOK VALUE
At 31 August 2023 366,617
At 31 August 2022 248,183

Concrete Drilling Services Ltd. (Registered number: 03122734)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 September 2022 188,045
Additions 150,050
Transfer to ownership (16,265 )
At 31 August 2023 321,830
DEPRECIATION
At 1 September 2022 35,786
Charge for year 60,012
Transfer to ownership (4,405 )
At 31 August 2023 91,393
NET BOOK VALUE
At 31 August 2023 230,437
At 31 August 2022 152,259

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Trade debtors - 5,860

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 182,946 125,940

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Share capital £1 1,000 1,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors: amounts falling due within one year which are owed to the following Directors of the company.

Mr D Horrocks £63,037 (2022 - £47,365)
Mr T R Davies £14,609 (2022 - £13,332)
Mr N R Horrocks £21,584 (2022 - £19,876)
Mr S A Horrocks £19,375 (2022 - £20,867)