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REGISTERED NUMBER: 03788445 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

DANUM WELL SERVICES LIMITED

DANUM WELL SERVICES LIMITED (REGISTERED NUMBER: 03788445)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DANUM WELL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mrs E A Jameson
D A J Codling





SECRETARY: G M Jameson





REGISTERED OFFICE: Unit 10 (EMAILS BILLS TO MEGAN)
Avro Business Park
First Avenue
Doncaster
South Yorkshire
DN9 3RH





REGISTERED NUMBER: 03788445 (England and Wales)





ACCOUNTANTS: A Wigglesworth and Company Ltd
Chartered Accountants
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

DANUM WELL SERVICES LIMITED (REGISTERED NUMBER: 03788445)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 335,104 14,047

CURRENT ASSETS
Stocks 460,978 328,591
Debtors 5 629,045 440,426
Cash at bank and in hand 1,025,315 1,132,612
2,115,338 1,901,629
CREDITORS
Amounts falling due within one year 6 1,238,689 894,352
NET CURRENT ASSETS 876,649 1,007,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,211,753

1,021,324

CREDITORS
Amounts falling due after more than one
year

7

(59,500

)

(94,387

)

PROVISIONS FOR LIABILITIES (8,800 ) (2,670 )
NET ASSETS 1,143,453 924,267

CAPITAL AND RESERVES
Called up share capital 20,400 20,400
Retained earnings 1,123,053 903,867
1,143,453 924,267

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.

DANUM WELL SERVICES LIMITED (REGISTERED NUMBER: 03788445)

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:




Mrs E A Jameson - Director



D A J Codling - Director


DANUM WELL SERVICES LIMITED (REGISTERED NUMBER: 03788445)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Danum Well Services Limited 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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

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


DANUM WELL SERVICES LIMITED (REGISTERED NUMBER: 03788445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 - 2,000 50,556 52,556
Additions 299,894 - 27,233 327,127
At 31 August 2023 299,894 2,000 77,789 379,683
DEPRECIATION
At 1 September 2022 - 1,367 37,142 38,509
Charge for year - 158 5,912 6,070
At 31 August 2023 - 1,525 43,054 44,579
NET BOOK VALUE
At 31 August 2023 299,894 475 34,735 335,104
At 31 August 2022 - 633 13,414 14,047

DANUM WELL SERVICES LIMITED (REGISTERED NUMBER: 03788445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 487,108 318,037
Tax 338 338
VAT 88,200 97,078
Prepayments 53,399 24,973
629,045 440,426

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 34,000 34,000
Trade creditors 815,505 730,417
Tax 144,672 40,621
Social security and other taxes - 11,388
Other creditors 177,464 20,869
Credit card 7,923 -
Directors' current accounts 5,100 66
Accrued expenses 54,025 56,991
1,238,689 894,352

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 34,000 34,000
Bank loans - 2-5 years 25,500 60,387
59,500 94,387

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 93,500 128,387

By way of a fixed and floating charge over the assets.

DANUM WELL SERVICES LIMITED (REGISTERED NUMBER: 03788445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
D A J Codling
Balance outstanding at start of year - 25,634
Amounts repaid - (25,634 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs E A Jameson
Balance outstanding at start of year - 1,039
Amounts repaid - (1,039 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs E Jameson, holding 75% of the issued ordinary share capital.