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REGISTERED NUMBER: 10111787 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

BLACK DIAMOND DRILLING SERVICES LIMITED

BLACK DIAMOND DRILLING SERVICES LIMITED (REGISTERED NUMBER: 10111787)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BLACK DIAMOND DRILLING SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: M Diamond





SECRETARY: Mrs H C Diamond





REGISTERED OFFICE: 183 Wigan Road
Standish
Wigan
WN6 0AE





REGISTERED NUMBER: 10111787 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

BLACK DIAMOND DRILLING SERVICES LIMITED (REGISTERED NUMBER: 10111787)

STATEMENT OF FINANCIAL POSITION
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,312 103

CURRENT ASSETS
Debtors 5 36,423 43,344
Cash at bank 20,754 5,626
57,177 48,970
CREDITORS
Amounts falling due within one year 6 24,878 8,956
NET CURRENT ASSETS 32,299 40,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,611

40,117

CREDITORS
Amounts falling due after more than one
year

7

(33,947

)

(39,939

)

PROVISIONS FOR LIABILITIES (828 ) (26 )
NET ASSETS 836 152

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 736 52
SHAREHOLDERS' FUNDS 836 152

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

BLACK DIAMOND DRILLING SERVICES LIMITED (REGISTERED NUMBER: 10111787)

STATEMENT OF FINANCIAL POSITION - continued
31 July 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





M Diamond - Director


BLACK DIAMOND DRILLING SERVICES LIMITED (REGISTERED NUMBER: 10111787)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Black Diamond Drilling Services 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reports Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.

The directors is aware of their duty to present a balanced assessment of the company's financial position and prospects. The company is expected to make sales going forward, based on future projects.They conclude it is appropriate to adopt the going concern basis having regard to expected future trading.

The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover is measured at both the fair value of the consideration received or receivable for services provided and is shown net of Vat.

Turnover is recognised when the service has been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - straight line over 3 years

Financial instruments
Debt instruments that are payable or receivable within one year, typically trade creditors and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash that is expected to be paid or received.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BLACK DIAMOND DRILLING SERVICES LIMITED (REGISTERED NUMBER: 10111787)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 7,508
Additions 3,993
At 31 July 2024 11,501
DEPRECIATION
At 1 August 2023 7,405
Charge for year 784
At 31 July 2024 8,189
NET BOOK VALUE
At 31 July 2024 3,312
At 31 July 2023 103

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 36,423 43,344

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,991 5,991
Taxation and social security 17,687 1,765
Other creditors 1,200 1,200
24,878 8,956

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 33,947 39,939

BLACK DIAMOND DRILLING SERVICES LIMITED (REGISTERED NUMBER: 10111787)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,984 15,976

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
M Diamond
Balance outstanding at start of year 32,961 31,125
Amounts advanced 13,148 15,475
Amounts repaid (20,069 ) (13,639 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,040 32,961

Interest has been charged on the amount advanced.

9. ULTIMATE CONTROLLING PARTY

The controlling party is M Diamond.