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REGISTERED NUMBER: 03301327 (England and Wales)















M. & D. DRILLING COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024






M. & D. DRILLING COMPANY LIMITED (REGISTERED NUMBER: 03301327)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M. & D. DRILLING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R G Burton
N Burton
C Burton
D Dickinson





SECRETARY: C Burton





REGISTERED OFFICE: 14 Park Avenue
Sprotbrough
Doncaster
South Yorkshire
DN5 7LW





REGISTERED NUMBER: 03301327 (England and Wales)






M. & D. DRILLING COMPANY LIMITED (REGISTERED NUMBER: 03301327)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 114,685 144,496

CURRENT ASSETS
Debtors 5 127,536 134,802
Cash at bank and in hand 400,875 315,434
528,411 450,236
CREDITORS
Amounts falling due within one year 6 268,599 241,078
NET CURRENT ASSETS 259,812 209,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,497

353,654

CREDITORS
Amounts falling due after more than one
year

7

(11,571

)

(35,406

)

PROVISIONS FOR LIABILITIES (28,583 ) (36,124 )
NET ASSETS 334,343 282,124

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 334,243 282,024
SHAREHOLDERS' FUNDS 334,343 282,124

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

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

M. & D. DRILLING COMPANY LIMITED (REGISTERED NUMBER: 03301327)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:





R G Burton - Director


M. & D. DRILLING COMPANY LIMITED (REGISTERED NUMBER: 03301327)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

M. & D. Drilling Company 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

M. & D. DRILLING COMPANY LIMITED (REGISTERED NUMBER: 03301327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 300,746
Additions 1,831
At 31 December 2024 302,577
DEPRECIATION
At 1 January 2024 156,250
Charge for year 31,642
At 31 December 2024 187,892
NET BOOK VALUE
At 31 December 2024 114,685
At 31 December 2023 144,496

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 121,980
DEPRECIATION
At 1 January 2024 28,993
Charge for year 23,247
At 31 December 2024 52,240
NET BOOK VALUE
At 31 December 2024 69,740
At 31 December 2023 92,987

M. & D. DRILLING COMPANY LIMITED (REGISTERED NUMBER: 03301327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 117,878 129,961
Other debtors 9,658 4,841
127,536 134,802

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 23,835 40,037
Trade creditors 75,660 85,336
Taxation and social security 121,925 73,754
Other creditors 47,179 41,951
268,599 241,078

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 11,571 35,406

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 35,406 75,443

Liabilities under hire purchase contracts are secured on the relevant asset.