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REGISTERED NUMBER: 11284680 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

FOR

CHAPEL DRILLING SERVICES LIMITED

CHAPEL DRILLING SERVICES LIMITED (REGISTERED NUMBER: 11284680)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHAPEL DRILLING SERVICES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024







DIRECTOR: M A Selwood





SECRETARY:





REGISTERED OFFICE: 92 Nore Road
Portishead
Bristol
BS20 8DX





REGISTERED NUMBER: 11284680 (England and Wales)





ACCOUNTANTS: Douglas Crook Accountancy Services
92 Nore Road
Portishead
Bristol
BS20 8DX

CHAPEL DRILLING SERVICES LIMITED (REGISTERED NUMBER: 11284680)

BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,564 152,637

CURRENT ASSETS
Debtors 5 112,540 37,400
Cash at bank 13,967 24,995
126,507 62,395
CREDITORS
Amounts falling due within one year 6 140,994 61,948
NET CURRENT (LIABILITIES)/ASSETS (14,487 ) 447
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,077

153,084

CREDITORS
Amounts falling due after more than one
year

7

29,462

64,701
NET ASSETS 96,615 88,383

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 96,613 88,381
96,615 88,383

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

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

CHAPEL DRILLING SERVICES LIMITED (REGISTERED NUMBER: 11284680)

BALANCE SHEET - continued
30 MARCH 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 27 March 2025 and were signed by:





M A Selwood - Director


CHAPEL DRILLING SERVICES LIMITED (REGISTERED NUMBER: 11284680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

1. STATUTORY INFORMATION

Chapel 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

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

CHAPEL DRILLING SERVICES LIMITED (REGISTERED NUMBER: 11284680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 183,800
Additions 34,342
Disposals (28,950 )
At 30 March 2024 189,192
DEPRECIATION
At 1 April 2023 31,163
Charge for period 24,702
Eliminated on disposal (7,237 )
At 30 March 2024 48,628
NET BOOK VALUE
At 30 March 2024 140,564
At 31 March 2023 152,637

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,206 28,957
Other debtors 49,334 8,443
112,540 37,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,500 16,345
Hire purchase contracts 16,844 5,844
Trade creditors 5,496 1,990
Taxation and social security 106,906 36,434
Other creditors 248 1,335
140,994 61,948

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,583 33,479
Hire purchase contracts 26,879 31,222
29,462 64,701