Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-20false2023-08-23truetruefalseNo description of principal activity1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15092014 2023-08-22 15092014 2023-08-23 2024-08-31 15092014 2022-08-23 2023-08-22 15092014 2024-08-31 15092014 c:Director1 2023-08-23 2024-08-31 15092014 c:Director1 2024-08-31 15092014 c:RegisteredOffice 2023-08-23 2024-08-31 15092014 d:CurrentFinancialInstruments 2024-08-31 15092014 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 15092014 d:ShareCapital 2024-08-31 15092014 d:RetainedEarningsAccumulatedLosses 2024-08-31 15092014 c:OrdinaryShareClass1 2023-08-23 2024-08-31 15092014 c:OrdinaryShareClass1 2024-08-31 15092014 c:FRS102 2023-08-23 2024-08-31 15092014 c:AuditExempt-NoAccountantsReport 2023-08-23 2024-08-31 15092014 c:FullAccounts 2023-08-23 2024-08-31 15092014 c:PrivateLimitedCompanyLtd 2023-08-23 2024-08-31 15092014 e:PoundSterling 2023-08-23 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 15092014










DISCOVERY INTERNATIONAL PETROLEUM SERVICES LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

 
DISCOVERY INTERNATIONAL PETROLEUM SERVICES LTD
 

COMPANY INFORMATION


Director
R L Milne (appointed 23 August 2023)




Registered number
15092014



Registered office
Agricultural Hall
Skirsgill

Penrith

England

CA11 0FF




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
DISCOVERY INTERNATIONAL PETROLEUM SERVICES LTD
REGISTERED NUMBER: 15092014

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
13,256

Cash at bank and in hand
  
4,073

  
17,329

Creditors: amounts falling due within one year
 5 
(17,301)

Net current assets
  
 
 
28

Total assets less current liabilities
  
28

  

Net assets
  
28


Capital and reserves
  

Called up share capital 
 6 
1

Profit and loss account
  
27

  
28


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 May 2025.




R L Milne
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
DISCOVERY INTERNATIONAL PETROLEUM SERVICES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

Discovery International Petroleum Services Ltd is a private company, limited by shares, incorporated in England with registration number 15092014.  The registered office is Agricultural Hall, Skirsgill, Penrith, England, CA11 0FF.
The Company's functional and presentational currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.4

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 2

 
DISCOVERY INTERNATIONAL PETROLEUM SERVICES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Debtors

2024
£


Trade debtors
9,000

Other debtors
4,256

13,256



5.


Creditors: Amounts falling due within one year

2024
£

Other taxation and social security
14,601

Accruals and deferred income
2,700

17,301



6.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary shares share of £1.00
1


On incorporation, 1 share was issued at par value.


Page 3