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REGISTERED NUMBER: 04590468 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Piling and Drilling Supplies and
Services Limited

Piling and Drilling Supplies and
Services Limited (Registered number: 04590468)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Piling and Drilling Supplies and
Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P V Deighan





REGISTERED OFFICE: 83 The Ridgeway
Watford
Hertfordshire
WD17 4TJ





REGISTERED NUMBER: 04590468 (England and Wales)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Piling and Drilling Supplies and
Services Limited (Registered number: 04590468)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228,152 253,386

CURRENT ASSETS
Debtors 5 638,705 606,727
Cash at bank 103,267 187,827
741,972 794,554
CREDITORS
Amounts falling due within one year 6 365,857 464,762
NET CURRENT ASSETS 376,115 329,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

604,267

583,178

CREDITORS
Amounts falling due after more than one
year

7

(53,538

)

(69,972

)

PROVISIONS FOR LIABILITIES (49,079 ) (52,858 )
NET ASSETS 501,650 460,348

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 501,550 460,248
SHAREHOLDERS' FUNDS 501,650 460,348

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.

Piling and Drilling Supplies and
Services Limited (Registered number: 04590468)

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.

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 25 September 2024 and were signed by:





P V Deighan - Director


Piling and Drilling Supplies and
Services Limited (Registered number: 04590468)

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

1. STATUTORY INFORMATION

Piling and Drilling Supplies and 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Piling and Drilling Supplies and
Services Limited (Registered number: 04590468)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 251,779 19,840 129,192 18,376 419,187
Additions 37,000 - - - 37,000
At 31 December 2023 288,779 19,840 129,192 18,376 456,187
DEPRECIATION
At 1 January 2023 97,138 4,255 53,160 11,248 165,801
Charge for year 38,328 3,117 19,007 1,782 62,234
At 31 December 2023 135,466 7,372 72,167 13,030 228,035
NET BOOK VALUE
At 31 December 2023 153,313 12,468 57,025 5,346 228,152
At 31 December 2022 154,641 15,585 76,032 7,128 253,386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 596,154 582,665
Tax 18,864 18,864
VAT 10,408 -
Prepayments and accrued income 13,279 5,198
638,705 606,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 57,808 43,252
Trade creditors 242,781 327,702
Social security and other taxes 52,168 77,053
VAT - 2,056
Other creditors - 1,599
Accrued expenses 3,100 3,100
365,857 464,762

Piling and Drilling Supplies and
Services Limited (Registered number: 04590468)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,755 14,349
Hire purchase contracts 38,783 45,623
53,538 69,972

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2023 460,248
Profit for the year 41,302
At 31 December 2023 501,550