Registration number: 15644558

Cox Water Borehole Drilling Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Cox Water Borehole Drilling Limited

Company Information

Directors

Mr Sam Cox Mr Jake Cox

Registered office

21 Grange Avenue Sticklepath Barnstaple Devon EX31 2DS

Accountants

Ward and Co Chartered Accountants West Penhill Farm Fremington Barnstaple Devon EX31 2NG

Cox Water Borehole Drilling Limited

(Registration number: 15644558)
Balance Sheet as at 30 June 2025

	Note	2025 £
Fixed assets
Tangible assets	4	178,828
Current assets
Stock	5	13,000
Debtors	6	84,377
Cash at bank and in hand		180,415
		277,792
Creditors: Amounts falling due within one year	7	(226,162)
Net current assets		51,630
Total assets less current liabilities		230,458
Provisions for liabilities		(22,579)
Net assets		207,879
Capital and reserves
Called up share capital	8	2
Retained earnings		207,877
Shareholders' funds		207,879

For the financial period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 January 2026 and signed on its behalf by:
 

Cox Water Borehole Drilling Limited

(Registration number: 15644558)
Balance Sheet as at 30 June 2025

......................................... Mr Sam Cox Director

......................................... Mr Jake Cox Director

Cox Water Borehole Drilling Limited

Notes to the Unaudited Financial Statements for the Period from 14 April 2024 to 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in uk.

The address of its registered office is:
21 Grange Avenue
Sticklepath
Barnstaple
Devon
EX31 2DS

These financial statements were authorised for issue by the Board on 12 January 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cox Water Borehole Drilling Limited

Notes to the Unaudited Financial Statements for the Period from 14 April 2024 to 30 June 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	Straight line over 6 years
Motor Vehicles	Straight line over 6 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stock are assessed for impairment. If stock are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Cox Water Borehole Drilling Limited

Notes to the Unaudited Financial Statements for the Period from 14 April 2024 to 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

Cox Water Borehole Drilling Limited

Notes to the Unaudited Financial Statements for the Period from 14 April 2024 to 30 June 2025

4	Tangible assets

	Plant & machinery £	Motor vehicles  £	Total £
Cost or valuation
Additions	109,975	96,439	206,414
Disposals	-	(8,500)	(8,500)
At 30 June 2025	109,975	87,939	197,914
Depreciation
Charge for the period	11,147	9,519	20,666
Eliminated on disposal	-	(1,580)	(1,580)
At 30 June 2025	11,147	7,939	19,086
Carrying amount
At 30 June 2025	98,828	80,000	178,828

5

Stock

	2025 £
Other inventories	13,000

6

Debtors

Current	2025 £
Trade debtors	75,209
Other debtors	9,168
	84,377

7

Creditors

Creditors: amounts falling due within one year

	2025 £
Due within one year
Trade creditors	10,323
Taxation and social security	102,775
Accruals and deferred income	5,000
Other creditors	108,064
	226,162

Cox Water Borehole Drilling Limited

Notes to the Unaudited Financial Statements for the Period from 14 April 2024 to 30 June 2025

8	Share capital

Allotted, called up and fully paid shares

	2025
	No.	£
Sam Cox of £1 each	1	1
Jake Cox of £1 each	1	1
	2	2

9

Dividends

		2025
		£
Interim dividend of £87,100.00 per ordinary share		87,100

10	Related party transactions

Cox Water Borehole Drilling Limited

Notes to the Unaudited Financial Statements for the Period from 14 April 2024 to 30 June 2025

Directors' remuneration

The directors' remuneration for the period was as follows:

	2025 £
Remuneration	14,672