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Company Registration No. NI674099 (Northern Ireland)
South Derry Well Drilling Ltd Unaudited accounts for the year ended 30 November 2023
South Derry Well Drilling Ltd Unaudited accounts Contents
Page
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South Derry Well Drilling Ltd Company Information for the year ended 30 November 2023
Director
William John Campbell
Secretary
William John Campbell
Company Number
NI674099 (Northern Ireland)
Registered Office
61d Main Street Maghera County Londonderry BT46 5AB United Kingdom
Accountants
McGrath Pattison Ltd 61d Main Street Maghera Londonderry BT46 5AB
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South Derry Well Drilling Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
151,492 
168,324 
Current assets
Inventories
45,250 
45,250 
Debtors
5,000 
- 
Cash at bank and in hand
8,173 
11,837 
58,423 
57,087 
Creditors: amounts falling due within one year
(162,355)
(176,547)
Net current liabilities
(103,932)
(119,460)
Total assets less current liabilities
47,560 
48,864 
Creditors: amounts falling due after more than one year
(21,687)
(47,663)
Net assets
25,873 
1,201 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
25,773 
1,101 
Shareholders' funds
25,873 
1,201 
For the year ending 30 November 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 31 August 2024 and were signed on its behalf by
William John Campbell Director Company Registration No. NI674099
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South Derry Well Drilling Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
South Derry Well Drilling Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI674099. The registered office is 61d Main Street, Maghera, County Londonderry, BT46 5AB, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
10% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
197,220 
At 30 November 2023
197,220 
Depreciation
At 1 December 2022
28,896 
Charge for the year
16,832 
At 30 November 2023
45,728 
Net book value
At 30 November 2023
151,492 
At 30 November 2022
168,324 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,000 
- 
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South Derry Well Drilling Ltd Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
35,099 
10,269 
Trade creditors
2,939 
30,467 
Loans from directors
124,317 
135,811 
162,355 
176,547 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
21,687 
47,663 
8
Average number of employees
During the year the average number of employees was 2 (2022: 4).
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