DRILL DIRECT LIMITED

Company Registration Number:
07148907 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2025

Period of accounts

Start date: 29 February 2024

End date: 28 February 2025

DRILL DIRECT LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2025

Balance sheet
Notes

DRILL DIRECT LIMITED

Balance sheet

As at 28 February 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 44,176 113,056
Total fixed assets: 44,176 113,056
Current assets
Stocks: 7,244 1,591
Debtors:   162,848 206,616
Cash at bank and in hand: 5,311 5,724
Total current assets: 175,403 213,931
Creditors: amounts falling due within one year:   (110,351) (145,027)
Net current assets (liabilities): 65,052 68,904
Total assets less current liabilities: 109,228 181,960
Creditors: amounts falling due after more than one year:   (36,695) (59,076)
Total net assets (liabilities): 72,533 122,884
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 72,433 122,784
Shareholders funds: 72,533 122,884

The notes form part of these financial statements

DRILL DIRECT LIMITED

Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 November 2025
and signed on behalf of the board by:

Name: Keith Moors
Status: Director

The notes form part of these financial statements

DRILL DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 25% straight line Motor vehicles - 25% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

DRILL DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

2. Employees

2025 2024
Average number of employees during the period 11 13

DRILL DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Tangible Assets

Total
Cost £
At 29 February 2024 455,233
Additions 22,929
Disposals (312,578)
At 28 February 2025 165,584
Depreciation
At 29 February 2024 342,177
Charge for year 28,880
On disposals (249,649)
At 28 February 2025 121,408
Net book value
At 28 February 2025 44,176
At 28 February 2024 113,056