IRIS Accounts Production v24.3.2.46 06937204 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069372042023-06-30069372042024-06-30069372042023-07-012024-06-30069372042022-06-30069372042022-07-012023-06-30069372042023-06-3006937204ns15:EnglandWales2023-07-012024-06-3006937204ns14:PoundSterling2023-07-012024-06-3006937204ns10:Director12023-07-012024-06-3006937204ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006937204ns10:SmallEntities2023-07-012024-06-3006937204ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3006937204ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006937204ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006937204ns10:FullAccounts2023-07-012024-06-3006937204ns10:Director22023-07-012024-06-3006937204ns10:RegisteredOffice2023-07-012024-06-3006937204ns5:CurrentFinancialInstruments2024-06-3006937204ns5:CurrentFinancialInstruments2023-06-3006937204ns5:Non-currentFinancialInstruments2024-06-3006937204ns5:Non-currentFinancialInstruments2023-06-3006937204ns5:ShareCapital2024-06-3006937204ns5:ShareCapital2023-06-3006937204ns5:RetainedEarningsAccumulatedLosses2024-06-3006937204ns5:RetainedEarningsAccumulatedLosses2023-06-3006937204ns5:PlantMachinery2023-07-012024-06-3006937204ns5:PlantMachinery2023-06-3006937204ns5:PlantMachinery2024-06-3006937204ns5:PlantMachinery2023-06-3006937204ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3006937204ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 06937204 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SOUTHERN GUN DRILLING SERVICES LIMITED

SOUTHERN GUN DRILLING SERVICES LIMITED (REGISTERED NUMBER: 06937204)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SOUTHERN GUN DRILLING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr A R O'Brien
Mrs S L O'Brien





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 06937204 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

SOUTHERN GUN DRILLING SERVICES LIMITED (REGISTERED NUMBER: 06937204)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,966 39,494

CURRENT ASSETS
Stocks 875 1,250
Debtors 5 163,264 106,653
Cash at bank and in hand 37,192 59,580
201,331 167,483
CREDITORS
Amounts falling due within one year 6 145,482 123,448
NET CURRENT ASSETS 55,849 44,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,815

83,529

CREDITORS
Amounts falling due after more than one
year

7

10,000

20,000
NET ASSETS 104,815 63,529

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 104,715 63,429
SHAREHOLDERS' FUNDS 104,815 63,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 12 March 2025 and were signed on its behalf by:





Mr A R O'Brien - Director


SOUTHERN GUN DRILLING SERVICES LIMITED (REGISTERED NUMBER: 06937204)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Southern Gun 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.

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.

Turnover
Turnover represents net invoiced value of services rendered, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

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

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.

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.

Grants receivable
Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received.

Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

SOUTHERN GUN DRILLING SERVICES LIMITED (REGISTERED NUMBER: 06937204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 121,230
Additions 31,500
At 30 June 2024 152,730
DEPRECIATION
At 1 July 2023 81,736
Charge for year 12,028
At 30 June 2024 93,764
NET BOOK VALUE
At 30 June 2024 58,966
At 30 June 2023 39,494

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 152,197 97,321
Other debtors 11,067 9,332
163,264 106,653

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 14,483 14,472
Taxation and social security 88,862 69,148
Other creditors 32,137 29,828
145,482 123,448

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,000 20,000