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REGISTERED NUMBER: NI649786 (Northern Ireland)











ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CORE DRILLING SERVICES LIMITED

CORE DRILLING SERVICES LIMITED (REGISTERED NUMBER: NI649786)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CORE DRILLING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J Ryan





REGISTERED OFFICE: Room SF2 (Mind Your Business (N.I.) Ltd
11 - 14 Newry Street
Warrenpoint
Newry
Co. Down
BT34 3JZ





REGISTERED NUMBER: NI649786 (Northern Ireland)





ACCOUNTANTS: Mountsides Limited
Chartered Accountants
2 Mountside
Stanmore
Middlesex
HA7 2DT

CORE DRILLING SERVICES LIMITED (REGISTERED NUMBER: NI649786)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 105,480 20,587

CURRENT ASSETS
Debtors 11,391 31,378
Cash at bank 12,939 1,037
24,330 32,415
CREDITORS
Amounts falling due within one year (45,696 ) (9,800 )
NET CURRENT (LIABILITIES)/ASSETS (21,366 ) 22,615
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,114

43,202

CREDITORS
Amounts falling due after more than one
year

(20,723

)

-

PROVISIONS FOR LIABILITIES (20,041 ) (3,912 )
NET ASSETS 43,350 39,290

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 43,250 39,190
SHAREHOLDERS' FUNDS 43,350 39,290

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CORE DRILLING SERVICES LIMITED (REGISTERED NUMBER: NI649786)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 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 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





J Ryan - Director


CORE DRILLING SERVICES LIMITED (REGISTERED NUMBER: NI649786)

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


1. STATUTORY INFORMATION

Core Drilling Services Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents the invoiced sales of services, excluding value added tax.

Revenue has also been recognised in respect of on-going services, with the value of work completed but unbilled at the balance sheet date being taken to turnover and the associated costs, where not invoiced at the date, being accrued for.

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 cost

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

CORE DRILLING SERVICES LIMITED (REGISTERED NUMBER: NI649786)

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


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 43,868
Additions 96,400
At 31 December 2023 140,268
DEPRECIATION
At 1 January 2023 23,281
Charge for year 11,507
At 31 December 2023 34,788
NET BOOK VALUE
At 31 December 2023 105,480
At 31 December 2022 20,587

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 48,353 -

7. CALLED UP SHARE CAPITAL

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
J Ryan
Balance outstanding at start of year 28,435 (1,235 )
Amounts advanced 526 30,000
Amounts repaid (30,388 ) (330 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,427 ) 28,435

Interest is chargeable on director's advances at beneficial loan arrangements official rates.