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REGISTERED NUMBER: 06444154 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

T A DRILLING (SALES) LIMITED

T A DRILLING (SALES) LIMITED (REGISTERED NUMBER: 06444154)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


T A DRILLING (SALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr P J Benford
Mr J W Styles





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 06444154 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

T A DRILLING (SALES) LIMITED (REGISTERED NUMBER: 06444154)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 205,092 171,031
Investments 5 535,500 366,673
740,592 537,704

CURRENT ASSETS
Stocks 6 1,529,396 1,953,787
Debtors 7 989,949 740,612
Cash at bank and in hand 1,427,622 686,532
3,946,967 3,380,931
CREDITORS
Amounts falling due within one year 8 2,197,979 1,512,389
NET CURRENT ASSETS 1,748,988 1,868,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,489,580

2,406,246

PROVISIONS FOR LIABILITIES 9 46,373 32,496
NET ASSETS 2,443,207 2,373,750

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 2,443,107 2,373,650
SHAREHOLDERS' FUNDS 2,443,207 2,373,750

T A DRILLING (SALES) LIMITED (REGISTERED NUMBER: 06444154)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023


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

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

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 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 26 March 2024 and were signed on its behalf by:





Mr P J Benford - Director


T A DRILLING (SALES) LIMITED (REGISTERED NUMBER: 06444154)

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


1. STATUTORY INFORMATION

T A Drilling (Sales) 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

T A DRILLING (SALES) LIMITED (REGISTERED NUMBER: 06444154)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 August 2022 146,619 5,303 140,763 292,685
Additions 75,296 - 33,351 108,647
Disposals (24,748 ) - (40,381 ) (65,129 )
At 31 July 2023 197,167 5,303 133,733 336,203
Depreciation
At 1 August 2022 37,211 4,680 79,763 121,654
Charge for year 23,699 94 15,201 38,994
Eliminated on disposal (3,164 ) - (26,373 ) (29,537 )
At 31 July 2023 57,746 4,774 68,591 131,111
Net book value
At 31 July 2023 139,421 529 65,142 205,092
At 31 July 2022 109,408 623 61,000 171,031

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Tab investment LLP 535,500 366,673

6. STOCKS
2023 2022
£    £   
Finished goods 1,529,396 1,953,787

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 624,235 632,903
Other debtors 365,714 107,709
989,949 740,612

T A DRILLING (SALES) LIMITED (REGISTERED NUMBER: 06444154)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 668,694 494,625
Amounts owed to participating interests 811,128 811,128
Taxation and social security 97,941 9,913
Other creditors 620,216 196,723
2,197,979 1,512,389

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 46,373 32,496

Deferred
tax
£   
Balance at 1 August 2022 32,496
Utilised during year 13,877
charge for the year
Balance at 31 July 2023 46,373

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100