Silverfin false true 31/01/2024 01/02/2023 31/01/2024 Nathan Peter Robert Gore 13/01/2014 Luisa Muguetty Rodriguez Vega 13/01/2014 25 September 2024 The principal activity of the Company during the financial year was that of a dormant holding company. SC467171 2024-01-31 SC467171 bus:Director1 2024-01-31 SC467171 bus:Director2 2024-01-31 SC467171 core:CurrentFinancialInstruments 2024-01-31 SC467171 core:CurrentFinancialInstruments 2023-01-31 SC467171 2023-01-31 SC467171 core:ShareCapital 2024-01-31 SC467171 core:ShareCapital 2023-01-31 SC467171 bus:OrdinaryShareClass1 2024-01-31 SC467171 2023-02-01 2024-01-31 SC467171 bus:FilletedAccounts 2023-02-01 2024-01-31 SC467171 bus:SmallEntities 2023-02-01 2024-01-31 SC467171 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC467171 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC467171 bus:Director1 2023-02-01 2024-01-31 SC467171 bus:Director2 2023-02-01 2024-01-31 SC467171 2022-02-01 2023-01-31 SC467171 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 SC467171 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC467171 (Scotland)

DISCOVERY WELL INTEGRITY LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

DISCOVERY WELL INTEGRITY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024

Contents

DISCOVERY WELL INTEGRITY LTD

BALANCE SHEET

AS AT 31 JANUARY 2024
DISCOVERY WELL INTEGRITY LTD

BALANCE SHEET (continued)

AS AT 31 JANUARY 2024
2024 2023
£ £
Current assets
Debtors 3 100 100
100 100
Net current assets 100 100
Total assets less current liabilities 100 100
Net assets 100 100
Capital and reserves
Called-up share capital 4 100 100
Total shareholder's funds 100 100

Discovery Well Integrity Ltd (registered number: SC467171) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of Discovery Well Integrity Ltd (registered number: SC467171) were approved and authorised for issue by the Board of Directors on 25 September 2024. They were signed on its behalf by:

Nathan Peter Robert Gore
Director
Luisa Muguetty Rodriguez Vega
Director
DISCOVERY WELL INTEGRITY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
DISCOVERY WELL INTEGRITY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Discovery Well Integrity Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Neo House, Riverside Drive, Aberdeen, AB11 7LH, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Profit and Loss Account

The company has not traded during the year or the preceding financial period. During this time the company received no income and incurred no expenditure therefore no Profit and Loss account is presented in these financial statements.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, are measured at transaction price including transaction costs.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Other debtors 100 100

4. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary Shares shares of £ 1.00 each 100 100