Company registration number 10111787 (England and Wales)
BLACK DIAMOND DRILLING SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2025
31 July 2025
PAGES FOR FILING WITH REGISTRAR
BLACK DIAMOND DRILLING SERVICES LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
BLACK DIAMOND DRILLING SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
As At 31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,981
3,312
Current assets
Debtors
4
52,667
36,423
Cash at bank and in hand
536
20,754
53,203
57,177
Creditors: amounts falling due within one year
5
(22,669)
(24,878)
Net current assets
30,534
32,299
Total assets less current liabilities
32,515
35,611
Creditors: amounts falling due after more than one year
6
(30,952)
(33,947)
Provisions for liabilities
(495)
(828)
Net assets
1,068
836
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
968
736
Total equity
1,068
836

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 April 2026 and are signed on its behalf by:
Mr M Diamond
Director
Company registration number 10111787 (England and Wales)
BLACK DIAMOND DRILLING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2025
- 2 -
1
Accounting policies
Company information

Black Diamond Drilling Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 183 Wigan Road, Standish, Wigan, England, WN6 0AE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is measured at both the fair value of the consideration received or receivable for services provided and is shown net of Vat.

Turnover is recognised when the service has been provided.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
straight line over 3 years
1.4
Financial instruments

Debt instruments that are payable or receivable within one year, typically trade creditors and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash that is expected to be paid or received.

1.5
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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 statement of financial position date.

BLACK DIAMOND DRILLING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 July 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

1.6
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024 and 31 July 2025
11,501
Depreciation and impairment
At 1 August 2024
8,189
Depreciation charged in the year
1,331
At 31 July 2025
9,520
Carrying amount
At 31 July 2025
1,981
At 31 July 2024
3,312
BLACK DIAMOND DRILLING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 July 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,932
-
0
Corporation tax recoverable
10,382
10,382
Other debtors
38,353
26,041
52,667
36,423
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,991
5,991
Corporation tax
15,178
17,687
Other creditors
1,500
1,200
22,669
24,878
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
30,952
33,947
7
Directors' transactions

Dividends totalling £55,020 (2024 - £65,000) were paid in the year in respect of shares held by the company's directors.

Advances
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
M Diamond
2.25
26,040
15,222
716
(3,626)
38,352
26,040
15,222
716
(3,626)
38,352
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