Company registration number 03144750 (England and Wales)
PROACTIVE DRILLING MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
PROACTIVE DRILLING MANAGEMENT LIMITED
COMPANY INFORMATION
Director
Mr K Jones
Company number
03144750
Registered office
6 Village Paddock
Hartburn Village
Stockton on Tees
Teesside
TS18 5DT
Accountants
Benson Wood Ltd
Unit 21
Belasis Court
Belasis Hall Technology Park
Billingham
TS23 4AZ
Business address
6 Village Paddock
Hartburn Village
Stockton on Tees
Teesside
TS18 5DT
PROACTIVE DRILLING MANAGEMENT LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
PROACTIVE DRILLING MANAGEMENT LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF PROACTIVE DRILLING MANAGEMENT LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Proactive Drilling Management Limited for the year ended 31 May 2024, which comprise the balance sheet, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Proactive Drilling Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Proactive Drilling Management Limited and state those matters that we have agreed to state to the board of directors of Proactive Drilling Management Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Proactive Drilling Management Limited and its board of directors as a body, for our work or for this report.

We have carried out this engagement in accordance with Technical Factsheet 163 Audit Exempt Companies - ACCA Accounts Preparation Report issued by the Association of Chartered Certified Accountants and have complied with the ethical guidance laid down by the Association relating to members undertaking the compilation of financial statements.

It is your duty to ensure that Proactive Drilling Management Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Proactive Drilling Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Proactive Drilling Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Benson Wood Ltd
8 October 2024
Chartered Certified Accountants
Unit 21
Belasis Court
Belasis Hall Technology Park
Billingham
TS23 4AZ
PROACTIVE DRILLING MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 2 -
2024
2023
£
£
£
£
Fixed assets
42
56
Current assets
30,706
34,395
Creditors: amounts falling due within one year
(295)
(250)
Net current assets
30,411
34,145
Total assets less current liabilities
30,453
34,201
Net assets
30,453
34,201
Capital and reserves
30,453
34,201
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
1
1
2
Transactions with Director

At the balance sheet date there was a loan balance due to the director of £45 (2023: £2,522). The loan is unsecured, interest free and repayable on demand.

 

 

 

Proactive Drilling Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Village Paddock, Hartburn Village, Stockton on Tees, Teesside, TS18 5DT.

For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

PROACTIVE DRILLING MANAGEMENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 3 -

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 4 October 2024
Mr K Jones
Director
Company registration number 03144750 (England and Wales)
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