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REGISTERED NUMBER: 13626069 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Core-Ect Diamond Drilling Limited

Core-Ect Diamond Drilling Limited (Registered number: 13626069)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Core-Ect Diamond Drilling Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: K B Blood
G M Joszko





REGISTERED OFFICE: 10 Rockley Close
Clipstone Village
Mansfield
NG21 9AD





REGISTERED NUMBER: 13626069 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

Core-Ect Diamond Drilling Limited (Registered number: 13626069)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 103,515 79,227

CURRENT ASSETS
Debtors 5 119,676 123,603
Cash at bank 14,226 21,068
133,902 144,671
CREDITORS
Amounts falling due within one year 6 (107,816 ) (87,051 )
NET CURRENT ASSETS 26,086 57,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,601

136,847

CREDITORS
Amounts falling due after more than one
year

7

(26,766

)

(30,879

)

PROVISIONS FOR LIABILITIES (25,879 ) (15,053 )
NET ASSETS 76,956 90,915

CAPITAL AND RESERVES
Called up share capital 8 2 1
Retained earnings 76,954 90,914
SHAREHOLDERS' FUNDS 76,956 90,915

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

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

Core-Ect Diamond Drilling Limited (Registered number: 13626069)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





G M Joszko - Director


Core-Ect Diamond Drilling Limited (Registered number: 13626069)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Core-Ect Diamond Drilling 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Core-Ect Diamond Drilling Limited (Registered number: 13626069)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 122,160
Additions 58,968
At 30 September 2024 181,128
DEPRECIATION
At 1 October 2023 42,933
Charge for year 34,680
At 30 September 2024 77,613
NET BOOK VALUE
At 30 September 2024 103,515
At 30 September 2023 79,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 66,926 53,809
Other debtors 52,750 69,794
119,676 123,603

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 28,772 31,700
Trade creditors 2,305 9,643
Taxation and social security 53,798 31,680
Other creditors 22,941 14,028
107,816 87,051

Core-Ect Diamond Drilling Limited (Registered number: 13626069)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 26,766 30,879

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary £1 2 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the year.