ULTERRA DRILLING EUROPE LTD

Company Registration Number:
07314669 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ULTERRA DRILLING EUROPE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ULTERRA DRILLING EUROPE LTD

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company is the selling of drilling equipment for the oil and gas industry.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

John Clunan
Maria Mejia


Secretary Hugo Restrepo

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 March 2025

And signed on behalf of the board by:
Name: Hugo Restrepo
Status: Secretary

ULTERRA DRILLING EUROPE LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 57,379 0
Cost of sales: ( 80,415 ) 0
Gross profit(or loss): (23,036) 0
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): (23,036) 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (23,036) 0
Tax: 0 0
Profit(or loss) for the financial year: (23,036) 0

ULTERRA DRILLING EUROPE LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Current assets
Debtors: 3 110,583 167,665
Total current assets: 110,583 167,665
Creditors: amounts falling due within one year: 4 ( 17,030 ) ( 7,975 )
Net current assets (liabilities): 93,553 159,690
Total assets less current liabilities: 93,553 159,690
Total net assets (liabilities): 93,553 159,690
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 93,453 159,590
Total Shareholders' funds: 93,553 159,690

The notes form part of these financial statements

ULTERRA DRILLING EUROPE LTD

Balance sheet statements

For the year ending 31 December 2023 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.

This report was approved by the board of directors on 26 March 2025
and signed on behalf of the board by:

Name: Maria Mejia
Status: Director

The notes form part of these financial statements

ULTERRA DRILLING EUROPE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents sales to external customers at invoiced amounts less value added tax or local taxes on sales. Turnover is wholly attributable to the principal activity of the company and arises solely within the United Kingdom and is recognized from the sale of goods when the company has transferred the significant risks and rewards of ownership to the buyer, and it is probable that the company will receive the previously agreed upon payment.

    Other accounting policies

    Going Concern Financial Instruments Debtors Creditors Foreign Currency Translation Current and Deferred taxation

ULTERRA DRILLING EUROPE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 2

ULTERRA DRILLING EUROPE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
£ £
Other debtors 110,583 167,665
Total 110,583 167,665

ULTERRA DRILLING EUROPE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 17,030 7,975
Total 17,030 7,975