REGISTERED NUMBER: 03980729 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

DANBAR DRILLING SERVICES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D Havard

Mrs V L Havard

SECRETARY:

Mrs E Havard

REGISTERED OFFICE:

Ravens Close Barn

Ravens Close Road

Wennington

Lancashire

LA2 8PA

REGISTERED NUMBER:

03980729 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

752,573

874,214

CURRENT ASSETS

Debtors

5

275,857

360,828

Cash at bank and in hand

111,581

109,698

387,438

470,526

CREDITORS

Amounts falling due within one year

6

413,614

280,891

NET CURRENT (LIABILITIES)/ASSETS

(26,176

)

189,635

TOTAL ASSETS LESS CURRENT LIABILITIES

726,397

1,063,849

CREDITORS

Amounts falling due after more than one year

7

(241,286

)

(306,354

)

PROVISIONS FOR LIABILITIES

(205,020

)

(227,090

)

NET ASSETS

280,091

530,405

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

279,991

530,305

SHAREHOLDERS' FUNDS

280,091

530,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 23 September 2025 and were signed on its behalf by:

Mrs V L Havard - Director

1.	STATUTORY INFORMATION

Danbar Drilling Services 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.

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 principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover

Turnover represents the amount receivable on the value of services provided, excluding value added tax.

Turnover from the provision of services is recognised when the service has been completed which is usually at the point when the work is certified as complete.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc. - 15% to 30% on reducing balance and 5% straight line.

Financial instruments

The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

Financial instruments that are payable or receivable within one year, typically cash at bank, trade debtors, trade creditors, hire purchase agreements, directors' loan accounts and accruals are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be received or paid.

Financial instruments that are payable or receivable in more than one year, typically hire purchase agreements are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

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 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position and are depreciated over their estimated useful lives.

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

Operating lease costs are charged to the income statement as incurred.

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.

Fixed asset investments

Fixed asset investments are stated at cost.

Government grants

Grant income received in respect of the Coronavirus Job Retention Scheme in recognised in the accounting period in which the underlying furloughed staff costs relate to.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

1,316,146

Additions

145,828

Disposals

(85,484

)

At 30 April 2025

1,376,490

DEPRECIATION

At 1 May 2024

441,932

Charge for year

210,667

Eliminated on disposal

(28,682

)

At 30 April 2025

623,917

NET BOOK VALUE

At 30 April 2025

752,573

At 30 April 2024

874,214

The net book value of tangible fixed assets includes £ 513,758 (2024 - £ 496,619 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

176,174

272,402

Other debtors

99,683

88,426

275,857

360,828

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

138,329

123,469

Trade creditors

170,007

122,815

Taxation and social security

51,062

18,387

Other creditors

54,216

16,220

413,614

280,891

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

241,286

306,354

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

138,329

123,469

Between one and five years

241,286

306,354

379,615

429,823

Non-cancellable

operating leases

2025

2024

£

£

Within one year

13,258

13,258

Between one and five years

18,732

28,949

31,990

42,207

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

379,615

429,823

Hire purchase contracts are secured on the assets concerned.

10.	RELATED PARTY DISCLOSURES