7623492falsethe design and development of electronic instrumentation for the oil industry2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:Director12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-05-31http://www.companieshouse.gov.uk/cd:Director22023-06-012024-05-31http://www.companieshouse.gov.uk/cd:Director32023-06-012024-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-06-012024-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FRS1022023-06-012024-05-31http://www.companieshouse.gov.uk/2024-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-06-012024-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 7623492

Arrival Downhole Tools UK Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Arrival Downhole Tools UK Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
Mr L E Comeau
Mr M J Crowther
Mr M B Schmidt
REGISTERED OFFICE
Crofton House
Cumwhinton
Carlisle
Cumbria
CA4 8ER
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 7623492
BANKERS
HSBC Bank Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Arrival Downhole Tools UK Limited

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Arrival Downhole Tools UK Limited

BALANCE SHEET AT 31/05/2024
20242023
Notes££
CURRENT ASSETS
Stock73,65873,658
Debtors311,55717,324
Cash at bank and in hand3,40127,285
88,616118,267
CREDITORS: Amounts falling due within one year416,86813,662
NET CURRENT ASSETS71,748104,605
TOTAL ASSETS LESS CURRENT LIABILITIES71,748104,605
CAPITAL AND RESERVES
Called up share capital611
Profit and loss account71,747104,604
SHAREHOLDERS' FUNDS71,748104,605
For the year ending 31/05/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/02/2025 and signed on their behalf by
.............................
Mr M J Crowther
Director

Arrival Downhole Tools UK Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1c. Government Grants
Government grants offering immediate financial support in relation to Covid-19 are recognised in profit and loss in the year in which they are received.
2. STOCK 20242023
££
Stock comprises:
Stock73,65873,658
73,65873,658
3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors11,50617,259
VAT5165
11,55717,324

Arrival Downhole Tools UK Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Other tax and social security creditors2,0252,190
Trade creditors2,7561,073
Other creditors10,6878,999
Accruals1,4001,400
16,86813,662
5. EMPLOYEES
20242023
No.No.
Average number of employees22
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
7. CONTROLLING PARTY
The company is a wholly owned subsidiary of Arrival Oil Tools Inc. The principal place of business and registered office of that company is 6221 41 St Leduc, AB, T9E 0V7 Canada.