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REGISTERED NUMBER: 06619653 (England and Wales)















Euroside Diamond Drilling Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Euroside Diamond Drilling Limited (Registered number: 06619653)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Euroside Diamond Drilling Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J Cheema





REGISTERED OFFICE: Unit 6
Neptune Close
Medway City Estate
Rochester
Kent
ME2 4LT





REGISTERED NUMBER: 06619653 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Euroside Diamond Drilling Limited (Registered number: 06619653)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 211,263 111,726
Cash at bank and in hand 2,490 816
213,753 112,542
CREDITORS
Amounts falling due within one year 5 120,557 84,120
NET CURRENT ASSETS 93,196 28,422
TOTAL ASSETS LESS CURRENT LIABILITIES 93,196 28,422

CREDITORS
Amounts falling due after more than one
year

6

2,895

5,573
NET ASSETS 90,301 22,849

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 90,201 22,749
SHAREHOLDERS' FUNDS 90,301 22,849

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 May 2024.

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

The director acknowledges his 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.

Euroside Diamond Drilling Limited (Registered number: 06619653)

Statement of Financial Position - continued
31 May 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 director and authorised for issue on 11 February 2025 and were signed by:





J Cheema - Director


Euroside Diamond Drilling Limited (Registered number: 06619653)

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

1. STATUTORY INFORMATION

Euroside Diamond 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

Government grants
Government grants in relation to COVID-19 are recognised on the accruals basis and credited to the Income Statement and any related expenditure is charged to the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 114,112 51,569
Amounts recoverable on contracts 41,644 48,068
Other debtors 55,507 12,089
211,263 111,726

Euroside Diamond Drilling Limited (Registered number: 06619653)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 45,011 17,382
Taxation and social security 24,997 4,215
Other creditors 47,549 59,523
120,557 84,120

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,895 5,573

7. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Euroside Group Limited, a company registered in England and Wales whose registered office address is Unit 6, Neptune Close, Medway City Estate, Rochester, Kent, ME2 4LT.