VW DRILLING SERVICES LIMITED

Company Registration Number:
07986808 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

VW DRILLING SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

VW DRILLING SERVICES LIMITED

Company Information

for the Period Ended 29 February 2024




Director: V. Winstanley
Registered office: Badgers Holt
Norwith Hill
Newington, Bawtry
Doncaster
Nottinghamshire
England
DN10 6BU
Company Registration Number: 07986808 (England and Wales)

VW DRILLING SERVICES LIMITED

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 393,358 399,643
Total fixed assets: 393,358 399,643
Current assets
Debtors: 6 13,402 21,528
Cash at bank and in hand: 242,635 218,513
Total current assets: 256,037 240,041
Creditors: amounts falling due within one year: 7 ( 17,130 ) ( 27,957 )
Net current assets (liabilities): 238,907 212,084
Total assets less current liabilities: 632,265 611,727
Total net assets (liabilities): 632,265 611,727

The notes form part of these financial statements

VW DRILLING SERVICES LIMITED

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 632,264 611,726
Shareholders funds: 632,265 611,727

For the year ending 29 February 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 21 October 2024
And Signed On Behalf Of The Board By:

Name: V. Winstanley
Status: Director

The notes form part of these financial statements

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life :- Motor Vehicle at 25% on the reducing net book value and Office Equipment at 15% on the reducing net book value

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Dividends


2024
£

2023
£
Dividends paid 15,000 15,000

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Tangible assets

Land & buildings Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 March 2023 374,185 4,037 30,997 409,219
Additions - - - -
Disposals - ( 716 ) - ( 716 )
Revaluations - - - -
Transfers - - - -
At 29 February 2024 374,185 3,321 30,997 408,503
Depreciation
At 01 March 2023 - 1,827 7,749 9,576
Charge for year - 473 5,812 6,285
On disposals - ( 716 ) - ( 716 )
Other adjustments - - - -
At 29 February 2024 - 1,584 13,561 15,145
Net book value
At 29 February 2024 374,185 1,737 17,436 393,358
At 28 February 2023 374,185 2,210 23,248 399,643

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

6. Debtors


2024
£

2023
£
Trade debtors 13,229 21,355
Prepayments and accrued income 173 173
Total 13,402 21,528

VW DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 15,417 25,689
Accruals and deferred income 1,510 1,715
Other creditors 203 553
Total 17,130 27,957