Company Registration No. 06630487 (England and Wales)
D & I DRILLING LTD
Unaudited accounts
for the year ended 30 September 2024
D & I DRILLING LTD
Unaudited accounts
Contents
D & I DRILLING LTD
Company Information
for the year ended 30 September 2024
Directors
Mr D Ellison
Mr P Quimby
Mr P Leyden
Mr C Crompton
Mr C Leyden
Company Number
06630487 (England and Wales)
Registered Office
BEECH HOUSE 23 LADIES LANE
HINDLEY
WIGAN
LANCASHIRE
WN2 2QA
Accountants
P A Hull & Co
Beech House
23 Ladies Lane
Hindley, Wigan
Lancashire
WN2 2QA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of D & I DRILLING LTD for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
D & I DRILLING LTD for the year ended
30 September 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of D & I DRILLING LTD, as a body, in accordance with the terms of our engagement letter dated 4 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of D & I DRILLING LTD and state those matters that we have agreed to state to the Board of Directors of D & I DRILLING LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D & I DRILLING LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that D & I DRILLING LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of D & I DRILLING LTD. You consider that D & I DRILLING LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of D & I DRILLING LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
P A Hull & Co
Chartered Accountants
Beech House
23 Ladies Lane
Hindley, Wigan
Lancashire
WN2 2QA
4 June 2025
D & I DRILLING LTD
Statement of financial position
as at 30 September 2024
Tangible assets
254,958
250,480
Cash at bank and in hand
253,650
292,612
Creditors: amounts falling due within one year
(127,595)
(230,273)
Net current assets
401,296
350,300
Total assets less current liabilities
666,754
611,280
Creditors: amounts falling due after more than one year
(24,618)
(27,695)
Provisions for liabilities
Deferred tax
(48,442)
(47,591)
Net assets
593,694
535,994
Called up share capital
100
100
Revaluation reserve
11,119
11,119
Profit and loss account
582,475
524,775
Shareholders' funds
593,694
535,994
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by
Mr D Ellison
Director
Company Registration No. 06630487
D & I DRILLING LTD
Notes to the Accounts
for the year ended 30 September 2024
D & I DRILLING LTD is a private company, limited by shares, registered in England and Wales, registration number 06630487. The registered office is BEECH HOUSE 23 LADIES LANE, HINDLEY, WIGAN, LANCASHIRE, WN2 2QA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
SLM over 10 years
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Intangible fixed assets
Goodwill
At 30 September 2024
60,000
At 30 September 2024
60,000
D & I DRILLING LTD
Notes to the Accounts
for the year ended 30 September 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
-
379,565
159,326
3,020
541,911
Additions
3,083
75,386
66,051
391
144,911
Disposals
-
(54,000)
(37,200)
-
(91,200)
At 30 September 2024
3,083
400,951
188,177
3,411
595,622
At 1 October 2023
-
204,345
85,818
1,268
291,431
Charge for the year
26
42,007
35,894
527
78,454
On disposals
-
(25,371)
(3,850)
-
(29,221)
At 30 September 2024
26
220,981
117,862
1,795
340,664
At 30 September 2024
3,057
179,970
70,315
1,616
254,958
At 30 September 2023
-
175,220
73,508
1,752
250,480
On the 30th November 2017 the directors revalued the Plant and Machinery to the value of £75,000.
6
Investments
Other investments
Valuation at 1 October 2023
10,500
Valuation at 30 September 2024
10,500
Amounts falling due within one year
Trade debtors
246,972
287,961
Amounts due from group undertakings etc.
1,363
-
Accrued income and prepayments
11,906
-
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,600
9,600
Obligations under finance leases and hire purchase contracts
9,906
10,468
Amounts owed to group undertakings and other participating interests
-
19,114
Taxes and social security
101,322
116,973
Other creditors
1,940
(69)
Loans from directors
437
125
D & I DRILLING LTD
Notes to the Accounts
for the year ended 30 September 2024
9
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
17,418
10,895
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Transactions with related parties
LK Consult Limited
Parent Company
D & I Drilling Limited completed work in the year on behalf of LK Consult Limited to the value of £543,561 (2023:£588,650). At the balance sheet date the amount due from LK Consult Limited was £112,236 (2022:£141,667).
LK Consult Limited charged a management charge to D & I Drilling Limited in the year of £5,993 (2023: £5,993) and rent of £9,569 (2023: £nil). At the year end the company had a loan outstanding to LK Consult Ltd of £nil (2023:£19,114).
The controlling party, by virtue of their ownership of a controlling share of the issued share capital of the parent company, L K Consult Ltd, is Leyden Kirby Associates Ltd of Eton Business Park, Eton Hill Road, Radcliffe, Manchester. M26 2ZS. Leyden Kirby Associates Ltd and L K Consult Ltd are companies registered in England & Wales.
13
Average number of employees
During the year the average number of employees was 7 (2023: 12).