GT DIAMOND DRILLING SERVICES LIMITED

Company Registration Number:
SC469320 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

GT DIAMOND DRILLING SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

GT DIAMOND DRILLING SERVICES LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 270,000 297,000
Tangible assets: 4 171,835 180,068
Total fixed assets: 441,835 477,068
Current assets
Debtors:   98,062 125,021
Cash at bank and in hand: 65,957 91,823
Total current assets: 164,019 216,844
Creditors: amounts falling due within one year:   (73,701) (48,661)
Net current assets (liabilities): 90,318 168,183
Total assets less current liabilities: 532,153 645,251
Creditors: amounts falling due after more than one year:   (24,784) (32,088)
Total net assets (liabilities): 507,369 613,163
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 507,269 613,063
Shareholders funds: 507,369 613,163

The notes form part of these financial statements

GT DIAMOND DRILLING SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 October 2024
and signed on behalf of the board by:

Name: Mr Gerard Crowe
Status: Director

The notes form part of these financial statements

GT DIAMOND DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

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

GT DIAMOND DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

GT DIAMOND DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 540,000
At 31 March 2024 540,000
Amortisation
At 01 April 2023 243,000
Charge for year 27,000
At 31 March 2024 270,000
Net book value
At 31 March 2024 270,000
At 31 March 2023 297,000

GT DIAMOND DRILLING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 441,532
Additions 41,131
At 31 March 2024 482,663
Depreciation
At 01 April 2023 261,464
Charge for year 49,364
At 31 March 2024 310,828
Net book value
At 31 March 2024 171,835
At 31 March 2023 180,068