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Company Registration No. 07851467 (England and Wales)
GA DRILLING LIMITED UNAUDITED ACCOUNTS for the year ended 31 December 2024
GA DRILLING LIMITED UNAUDITED ACCOUNTS Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GA DRILLING LIMITED Company Information for the year ended 31 December 2024
Directors
Igor Kocis Dusan Kocis
Company Number
07851467 (England and Wales)
Registered Office
Broad Quay House Prince Street Bristol BS1 4DJ England
Accountants
TaxConnect Accountants Ltd 63 St. Mary Axe London EC3A 8AA
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GA DRILLING LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
3,847,354 
4,629,866 
Tangible assets
5
- 
13,985 
Investments
6
- 
1,890 
3,847,354 
4,645,741 
Current assets
Debtors
7
621,980 
1,043,649 
Cash at bank and in hand
74,245 
27,734 
696,225 
1,071,383 
Creditors: amounts falling due within one year
8
(84,906)
(784,689)
Net current assets
611,319 
286,694 
Net assets
4,458,673 
4,932,435 
Capital and reserves
Called up share capital
8,390,000 
8,390,000 
Profit and loss account
(3,931,327)
(3,457,565)
Shareholders' funds
4,458,673 
4,932,435 
For the year ending 31 December 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 9 October 2025 and were signed on its behalf by
Igor Kocis Director Company Registration No. 07851467
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GA DRILLING LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
GA DRILLING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07851467. The registered office is Broad Quay House, Prince Street, Bristol, BS1 4DJ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Straight line
Fixtures & fittings
25% Straight line
Computer equipment
25% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation rate 10% straight-line basis
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
7,825,124 
At 31 December 2024
7,825,124 
Amortisation
At 1 January 2024
3,195,258 
Charge for the year
782,512 
At 31 December 2024
3,977,770 
Net book value
At 31 December 2024
3,847,354 
At 31 December 2023
4,629,866 
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GA DRILLING LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
54,002 
13,112 
67,114 
At 31 December 2024
54,002 
13,112 
67,114 
Depreciation
At 1 January 2024
42,952 
10,177 
53,129 
Charge for the year
11,050 
2,935 
13,985 
At 31 December 2024
54,002 
13,112 
67,114 
Net book value
At 31 December 2024
- 
- 
- 
At 31 December 2023
11,050 
2,935 
13,985 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
1,890 
Disposals
(1,890)
Valuation at 31 December 2024
- 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
9,258 
84,049 
Trade debtors
586,567 
931,184 
Accrued income and prepayments
24,265 
28,416 
Other debtors
1,890 
- 
621,980 
1,043,649 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
48,061 
730,444 
Taxes and social security
34,955 
12,560 
Other creditors
1,890 
1,890 
Loans from directors
- 
39,795 
84,906 
784,689 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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