Silverfin false false 30/04/2025 01/05/2024 30/04/2025 Hendry James Ritchie 01/04/2019 Martin Ritchie 08/04/2010 Stephanie Ritchie 08/04/2010 12 March 2026 The principal activity of the company is the provision of Drilling Engineering/Supervision Services to the Oil and Gas Industry. SC376471 2025-04-30 SC376471 bus:Director1 2025-04-30 SC376471 bus:Director2 2025-04-30 SC376471 bus:Director3 2025-04-30 SC376471 2024-04-30 SC376471 core:CurrentFinancialInstruments 2025-04-30 SC376471 core:CurrentFinancialInstruments 2024-04-30 SC376471 core:Non-currentFinancialInstruments 2025-04-30 SC376471 core:Non-currentFinancialInstruments 2024-04-30 SC376471 core:ShareCapital 2025-04-30 SC376471 core:ShareCapital 2024-04-30 SC376471 core:RetainedEarningsAccumulatedLosses 2025-04-30 SC376471 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC376471 core:OtherPropertyPlantEquipment 2024-04-30 SC376471 core:OtherPropertyPlantEquipment 2025-04-30 SC376471 bus:OrdinaryShareClass1 2025-04-30 SC376471 2024-05-01 2025-04-30 SC376471 bus:FilletedAccounts 2024-05-01 2025-04-30 SC376471 bus:SmallEntities 2024-05-01 2025-04-30 SC376471 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 SC376471 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC376471 bus:Director1 2024-05-01 2025-04-30 SC376471 bus:Director2 2024-05-01 2025-04-30 SC376471 bus:Director3 2024-05-01 2025-04-30 SC376471 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-05-01 2025-04-30 SC376471 core:OtherPropertyPlantEquipment 2024-05-01 2025-04-30 SC376471 2023-05-01 2024-04-30 SC376471 core:Non-currentFinancialInstruments 2024-05-01 2025-04-30 SC376471 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 SC376471 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC376471 (Scotland)

# BYDAND DRILLING LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

BYDAND DRILLING LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

BYDAND DRILLING LIMITED

## BALANCE SHEET

As at 30 April 2025
BYDAND DRILLING LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 28,062 |  | 6,325
|  | 28,062 |  | 6,325
Current assets |  |  |  |
Debtors | 4 | 13,432 |  | 23,406
Cash at bank and in hand |  | 40,972 |  | 1,450
|  | 54,404 |  | 24,856
Creditors: amounts falling due within one year | 5 | ( 69,896) |  | ( 35,742)
Net current liabilities |  | (15,492) |  | (10,886)
Total assets less current liabilities |  | 12,570 |  | (4,561)
Creditors: amounts falling due after more than one year | 6 | ( 1,333) |  | ( 5,333)
Provision for liabilities |  | ( 3,058) |  | ( 1,581)
Net assets/(liabilities) |  | 8,179 |  | ( 11,475)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 10 |  | 10
Profit and loss account |  | 8,169 |  | ( 11,485 )
Total shareholders' funds/(deficit) |  | 8,179 |  | ( 11,475)

For the financial year ending 30 April 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Bydand Drilling Limited (registered number: SC376471) were approved and authorised for issue by the Board of Directors on 12 March 2026. They were signed on its behalf by:

Martin Ritchie Director |

BYDAND DRILLING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
BYDAND DRILLING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Bydand Drilling Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the company's registered office is 79 Broad Street, Fraserburgh, AB43 9AU, United Kingdom. The principal place of business is 11 Wallace Way, Fraserburgh, Aberdeenshire, AB43 9AU.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements. Thus the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

##### Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 3 years straight line
| 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2024 | 9,882 |  | 9,882
Additions | 28,864 |  | 28,864
At 30 April 2025 | 38,746 |  | 38,746
Accumulated depreciation |  |  |
At 01 May 2024 | 3,557 |  | 3,557
Charge for the financial year | 7,127 |  | 7,127
At 30 April 2025 | 10,684 |  | 10,684
Net book value |  |  |
At 30 April 2025 | 28,062 |  | 28,062
At 30 April 2024 | 6,325 |  | 6,325

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 13,432 |  | 23,406

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 4,000 |  | 4,000
Corporation tax | 64,352 |  | 29,959
Other creditors | 1,544 |  | 1,783
| 69,896 |  | 35,742

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,333 |  | 5,333

There are no amounts included above in respect of which any security has been given by the small entity.
The Bank loan is repayable in monthly instalments ending in August 2026 with interest being charged at a fixed rate of 2.5%.

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
10 Ordinary shares of £ 1.00 each | 10 |  | 10

#### 8. Related party transactions

As at 30 April 2025 the company was due the director £44 (2024 - £284). These loans are interest free and repayable on demand.