Company registration number 02409264 (England and Wales)
BRITISH DRILLING AND FREEZING COMPANY
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
BRITISH DRILLING AND FREEZING COMPANY
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BRITISH DRILLING AND FREEZING COMPANY
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
744,648
744,648
Tangible assets
4
4,957
12,268
749,605
756,916
Current assets
Stocks
450,803
450,713
Debtors
5
28,928
34,610
Cash at bank and in hand
1,204,082
851,745
1,683,813
1,337,068
Creditors: amounts falling due within one year
6
(291,729)
(295,595)
Net current assets
1,392,084
1,041,473
Net assets
2,141,689
1,798,389
Capital and reserves
Called up share capital
48,000
48,000
Capital redemption reserve
72,000
72,000
Profit and loss reserves
2,021,689
1,678,389
Total equity
2,141,689
1,798,389

For the financial year ended 31 December 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 profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 May 2026 and are signed on its behalf by:
Mr P J Wheelhouse
Director
Company registration number 02409264 (England and Wales)
BRITISH DRILLING AND FREEZING COMPANY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

British Drilling and Freezing Company is a private company limited by shares incorporated in England and Wales. The registered office is Private Road no. 3, Colwick Industrial Estate, Colwick, Nottinghamshire, England, NG4 2BB.

1.1
Accounting convention

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 £.

1.2
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:

Plant and equipment
10 - 50% straight line, per annum
Fixtures and fittings
10 - 15% straight line, per annum
Motor vehicles
10 - 33% straight line, per annum

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.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
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 current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

BRITISH DRILLING AND FREEZING COMPANY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
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.

1.6
Retirement benefits

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

1.7
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

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

2025
2024
Number
Number
Total
0
0
BRITISH DRILLING AND FREEZING COMPANY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
3
Intangible fixed assets
Shares in group undertakings
£
Cost
At 1 January 2025 and 31 December 2025
2,792,166
Amortisation and impairment
At 1 January 2025 and 31 December 2025
2,047,518
Carrying amount
At 31 December 2025
744,648
At 31 December 2024
744,648
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2025 and 31 December 2025
5,759,464
47,710
49,379
5,856,553
Depreciation and impairment
At 1 January 2025
5,759,464
46,385
38,436
5,844,285
Depreciation charged in the year
-
0
1,325
5,986
7,311
At 31 December 2025
5,759,464
47,710
44,422
5,851,596
Carrying amount
At 31 December 2025
-
0
-
0
4,957
4,957
At 31 December 2024
-
0
1,325
10,943
12,268
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
94
7,925
Other debtors
28,834
26,685
28,928
34,610
BRITISH DRILLING AND FREEZING COMPANY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
4,034
3,184
Taxation and social security
406
5,122
Other creditors
101,623
101,623
Accruals and deferred income
185,666
185,666
291,729
295,595
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