REGISTERED NUMBER: 06037555 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

R.D. DRILLING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R A Douglas

REGISTERED OFFICE:

Victoria House

Bondgate Within

Alnwick

Northumberland

NE66 1TA

REGISTERED NUMBER:

06037555 (England and Wales)

ACCOUNTANTS:

Greaves Grindle

Chartered Accountants

Victoria House

Bondgate Within

Alnwick

Northumberland

NE66 1TA

FIXED ASSETS

Tangible assets

4

119,117

134,810

CURRENT ASSETS

Debtors

5

235,450

228,966

Cash at bank

40,486

4,988

275,936

233,954

CREDITORS

Amounts falling due within one year

6

295,023

257,714

NET CURRENT LIABILITIES

(19,087

)

(23,760

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100,030

111,050

CREDITORS

Amounts falling due after more than one year

7

(63,538

)

(88,209

)

PROVISIONS FOR LIABILITIES

(26,542

)

(16,187

)

NET ASSETS

9,950

6,654

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

9,650

6,354

SHAREHOLDERS' FUNDS

9,950

6,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

R A Douglas - Director

1.	STATUTORY INFORMATION

R.D. 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 represents net invoiced sales of services, excluding valued added tax.

Tangible fixed assets

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

at variable rates on reducing balance

Rig

-

20% on reducing balance and straight line over lease term

Motor vehicles

-

20% on reducing balance

Computer equipment

-

50% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 12 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

Rig

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

36,171

134,990

179,834

9,262

360,257

Additions

-

-

65,943

-

65,943

Disposals

-

-

(117,634

)

-

(117,634

)

At 31 December 2024

36,171

134,990

128,143

9,262

308,566

DEPRECIATION

At 1 January 2024

13,174

103,841

99,428

9,004

225,447

Charge for year

1,623

6,822

24,435

133

33,013

Eliminated on disposal

-

-

(69,011

)

-

(69,011

)

At 31 December 2024

14,797

110,663

54,852

9,137

189,449

NET BOOK VALUE

At 31 December 2024

21,374

24,327

73,291

125

119,117

At 31 December 2023

22,997

31,149

80,406

258

134,810

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

Rig

vehicles

Totals

£

£

£

COST

At 1 January 2024

23,036

150,229

173,265

Additions

-

65,943

65,943

Disposals

-

(95,026

)

(95,026

)

At 31 December 2024

23,036

121,146

144,182

DEPRECIATION

At 1 January 2024

11,242

72,252

83,494

Charge for year

2,950

24,250

27,200

Eliminated on disposal

-

(48,100

)

(48,100

)

At 31 December 2024

14,192

48,402

62,594

NET BOOK VALUE

At 31 December 2024

8,844

72,744

81,588

At 31 December 2023

11,794

77,977

89,771

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

37,818

20,197

Other debtors

197,632

208,769

235,450

228,966

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

22,179

20,519

Hire purchase contracts

35,695

32,297

Trade creditors

34,246

39,676

Taxation and social security

178,128

157,058

Other creditors

24,775

8,164

295,023

257,714

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,966

15,000

Hire purchase contracts

58,572

73,209

63,538

88,209

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

R A Douglas

Balance outstanding at start of year

128,638

101,997

Amounts advanced

151,701

136,641

Amounts repaid

(152,000

)

(110,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

128,339

128,638

Dividends totalling £152,000 (2023 £110,000) were paid to the director and his family during the year. The rate of interest applying to the loan to the director is nil.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is R A Douglas.