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REGISTERED NUMBER: 07919019 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Endeavour Drilling Limited

Endeavour Drilling Limited (Registered number: 07919019)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Endeavour Drilling Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: C Rose
M Somerville
A Phipps





REGISTERED OFFICE: Unit 7 Mapledean Industrial Estate
Maldon Road
Latchingdon
Essex
CM3 6LG





REGISTERED NUMBER: 07919019 (England and Wales)





ACCOUNTANTS: Townsend & Co Accountants Limited
Office 3
Kings Head Centre
38 High Street
Maldon
Essex
CM9 5PN

Endeavour Drilling Limited (Registered number: 07919019)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 620,793 624,915

CURRENT ASSETS
Stocks 25,315 10,996
Debtors 5 357,982 341,418
Cash at bank and in hand 291,028 263,537
674,325 615,951
CREDITORS
Amounts falling due within one year 6 410,828 470,416
NET CURRENT ASSETS 263,497 145,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

884,290

770,450

CREDITORS
Amounts falling due after more than one
year

7

86,540

71,139
NET ASSETS 797,750 699,311

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 8 237,676 237,676
Retained earnings 559,874 461,435
SHAREHOLDERS' FUNDS 797,750 699,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Endeavour Drilling Limited (Registered number: 07919019)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:




C Rose - Director M Somerville - Director




A Phipps - Director


Endeavour Drilling Limited (Registered number: 07919019)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Endeavour Drilling 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 as modified by the revaluation of certain assets.

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.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Endeavour Drilling Limited (Registered number: 07919019)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 23 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 February 2023 1,170,918
Additions 71,926
Disposals (6,917 )
At 31 January 2024 1,235,927
DEPRECIATION
At 1 February 2023 546,003
Charge for year 74,844
Eliminated on disposal (5,713 )
At 31 January 2024 615,134
NET BOOK VALUE
At 31 January 2024 620,793
At 31 January 2023 624,915

Endeavour Drilling Limited (Registered number: 07919019)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 January 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2012 17,750
Valuation in 2016 60,199
Valuation in 2019 131,610
Valuation in 2022 28,117
237,676

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
PLANT AND MACHINERY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 808,334
Additions 18,310
826,644

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FIXTURES AND FITTINGS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 28,434
28,434

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
MOTOR VEHICLES

'COST' ACCOUNT TOTAL
Cost/valuation b/f 334,150
Additions 53,616
Disposals (6,917 )
380,849

CLIENT SCREEN TOTAL = -


Endeavour Drilling Limited (Registered number: 07919019)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 278,748 274,397
Other debtors 79,234 67,021
357,982 341,418

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,690 9,112
Hire purchase contracts 34,554 49,062
Trade creditors 167,919 191,019
Taxation and social security 158,391 128,657
Other creditors 39,274 92,566
410,828 470,416

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 20,488 32,756
Hire purchase contracts 54,070 38,383
Other creditors 11,982 -
86,540 71,139

8. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 237,676