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REGISTERED NUMBER: 09873543 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SOUTHERN COUNTIES DRILLING SOLUTIONS LTD

SOUTHERN COUNTIES DRILLING SOLUTIONS LTD (REGISTERED N

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTHERN COUNTIES DRILLING SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: J Oak
S Jeffery





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 09873543 (England and Wales)





AUDITORS: Carter & Coley Limited
Chartered Accountants and Statutory Auditor
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

SOUTHERN COUNTIES DRILLING SOLUTIONS LTD (REGISTERED N

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 38,202 36,411
Tangible assets 5 145,179 183,057
183,381 219,468

CURRENT ASSETS
Stocks 36,880 35,000
Debtors 6 189,062 137,693
225,942 172,693
CREDITORS
Amounts falling due within one year 7 145,815 150,558
NET CURRENT ASSETS 80,127 22,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,508

241,603

CREDITORS
Amounts falling due after more than one
year

8

(154,911

)

(167,246

)

PROVISIONS FOR LIABILITIES (31,568 ) (23,861 )
NET ASSETS 77,029 50,496

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,929 50,396
SHAREHOLDERS' FUNDS 77,029 50,496

SOUTHERN COUNTIES DRILLING SOLUTIONS LTD (REGISTERED N

BALANCE SHEET - continued
31 MARCH 2025


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 14 July 2025 and were signed on its behalf by:





J Oak - Director


SOUTHERN COUNTIES DRILLING SOLUTIONS LTD (REGISTERED N

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Southern Counties Drilling Solutions Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - Straight line over 3 years

Fixed assets are initially recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


SOUTHERN COUNTIES DRILLING SOLUTIONS LTD (REGISTERED N

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued
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
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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2024 - 7 ) .

SOUTHERN COUNTIES DRILLING SOLUTIONS LTD (REGISTERED N

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024 37,438
Additions 11,598
At 31 March 2025 49,036
AMORTISATION
At 1 April 2024 1,027
Charge for year 9,807
At 31 March 2025 10,834
NET BOOK VALUE
At 31 March 2025 38,202
At 31 March 2024 36,411

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 283,125 78,250 2,015 363,390
Additions 402 8,000 112 8,514
At 31 March 2025 283,527 86,250 2,127 371,904
DEPRECIATION
At 1 April 2024 126,709 53,529 95 180,333
Charge for year 28,113 17,573 706 46,392
At 31 March 2025 154,822 71,102 801 226,725
NET BOOK VALUE
At 31 March 2025 128,705 15,148 1,326 145,179
At 31 March 2024 156,416 24,721 1,920 183,057

SOUTHERN COUNTIES DRILLING SOLUTIONS LTD (REGISTERED N

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2024 83,832 69,000 152,832
Transfer to ownership (10,250 ) - (10,250 )
At 31 March 2025 73,582 69,000 142,582
DEPRECIATION
At 1 April 2024 18,081 48,300 66,381
Charge for year 7,870 13,800 21,670
Transfer to ownership (5,210 ) - (5,210 )
At 31 March 2025 20,741 62,100 82,841
NET BOOK VALUE
At 31 March 2025 52,841 6,900 59,741
At 31 March 2024 65,751 20,700 86,451

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 120,221 102,283
Amounts owed by group undertakings 26,434 50
Amounts recoverable on contract 31,581 17,023
Other debtors - 473
VAT 9,460 16,827
Prepayments and accrued income 1,366 1,037
189,062 137,693

SOUTHERN COUNTIES DRILLING SOLUTIONS LTD (REGISTERED N

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 12,194 42,850
Hire purchase contracts (see note 9) 12,335 28,776
Trade creditors 24,681 34,273
Amounts owed to group undertakings 61,030 18,661
Social security and other taxes 9,525 7,047
Other creditors 628 -
Wages control 805 -
Pension control 561 1,164
Accruals and deferred income 24,056 17,787
145,815 150,558

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 9) 24,812 37,147
Amounts owed to group undertakings 130,099 130,099
154,911 167,246

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 6,532

SOUTHERN COUNTIES DRILLING SOLUTIONS LTD (REGISTERED N

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025 2024
£    £   
Gross obligations repayable:
Within one year 16,015 34,668
Between one and five years 28,945 38,186
In more than five years - 6,774
44,960 79,628

Finance charges repayable:
Within one year 3,680 5,892
Between one and five years 4,133 7,571
In more than five years - 242
7,813 13,705

Net obligations repayable:
Within one year 12,335 28,776
Between one and five years 24,812 30,615
In more than five years - 6,532
37,147 65,923

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdrafts 12,194 42,850
Hire purchase contracts 37,147 65,923
49,341 108,773

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Clark BSc FCA (Senior Statutory Auditor)
for and on behalf of Carter & Coley Limited

SOUTHERN COUNTIES DRILLING SOLUTIONS LTD (REGISTERED N

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


12. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13. ULTIMATE PARENT COMPANY

Branksome Park Holdings Limited (a company registered in England & Wales with company number 08654034) is regarded as being the company's ultimate parent company throughout the current and previous period.