REGISTERED NUMBER: 04840190 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

PRODRILL (SOUTHERN) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Phillipson

G Phillipson

SECRETARY:

J Phillipson

REGISTERED OFFICE:

90 Whalesmead Road

Bishopstoke

Eastleigh

Hampshire

SO50 8HL

REGISTERED NUMBER:

04840190 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

66,489

88,651

66,489

88,651

CURRENT ASSETS

Debtors

6

44,533

43,273

Cash at bank and in hand

63,351

27,455

107,884

70,728

CREDITORS

Amounts falling due within one year

7

30,413

15,608

NET CURRENT ASSETS

77,471

55,120

TOTAL ASSETS LESS CURRENT LIABILITIES

143,960

143,771

CREDITORS

Amounts falling due after more than one year

8

(5,387

)

(15,983

)

PROVISIONS FOR LIABILITIES

(16,622

)

(16,844

)

NET ASSETS

121,951

110,944

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

121,831

110,824

SHAREHOLDERS' FUNDS

121,951

110,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 17th December 2025 and were signed on its behalf by:

G Phillipson - Director

1.	STATUTORY INFORMATION

Prodrill (Southern) 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 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 2003, is being amortised evenly over its estimated useful life of ten 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 etc

-

25% on reducing balance and 15% on reducing balance

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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

30,000

AMORTISATION

At 1st April 2024

and 31st March 2025

30,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

287,076

Additions

1

At 31st March 2025

287,077

DEPRECIATION

At 1st April 2024

198,425

Charge for year

22,163

At 31st March 2025

220,588

NET BOOK VALUE

At 31st March 2025

66,489

At 31st March 2024

88,651

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

Plant and

machinery

etc

£

COST

At 1st April 2024

126,724

Additions

1

Transfer to ownership

(58,012

)

At 31st March 2025

68,713

DEPRECIATION

At 1st April 2024

48,711

Charge for year

19,009

Transfer to ownership

(37,658

)

At 31st March 2025

30,062

NET BOOK VALUE

At 31st March 2025

38,651

At 31st March 2024

78,013

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

39,402

29,526

Other debtors

5,131

13,747

44,533

43,273

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

476

Hire purchase contracts

6,805

7,771

Trade creditors

5,051

8,883

Taxation and social security

15,767

(4,230

)

Other creditors

2,790

2,708

30,413

15,608

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

5,387

15,983

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

G Phillipson

Balance outstanding at start of year

1,080

1,332

Amounts repaid

-

(252

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,080

10.	ULTIMATE CONTROLLING PARTY

The controlling party is G Phillipson.