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Company Registration No. 15000537 (England and Wales)
CeraPhi Drilling Solutions Ltd Unaudited accounts for the year ended 31 March 2026
CeraPhi Drilling Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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CeraPhi Drilling Solutions Ltd Company Information for the year ended 31 March 2026
Directors
Karl Yvan Farrow Glynn Gary Williams
Company Number
15000537 (England and Wales)
Registered Office
CeraPhi House Eurocentre North River Road Great Yarmouth Norfolk NR30 1TE England
Accountants
JHW Azoth Ltd 13 The Close Norwich Norfolk NR1 4DS
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CeraPhi Drilling Solutions Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Called up share capital not paid
(100)
-
Current assets
Debtors
4
1,339
1,744
Cash at bank and in hand
465
119
1,804
1,863
Creditors: amounts falling due within one year
5
(160,070)
(159,918)
Net current liabilities
(158,266)
(158,055)
Net liabilities
(158,366)
(158,055)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(158,466)
(158,155)
Shareholders' funds
(158,366)
(158,055)
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by
Karl Yvan Farrow Director Company Registration No. 15000537
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CeraPhi Drilling Solutions Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
CeraPhi Drilling Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 15000537. The registered office is CeraPhi House, Eurocentre, North River Road, Great Yarmouth, Norfolk, NR30 1TE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis. In assessing the appropriateness of the going concern assumption, the directors have considered the Company’s financial position, cash flow forecasts and available financial resources for a period of at least twelve months from the date of approval of these financial statements. Whilst the Company’s operations are currently on hold, the Company continues to receive the full support of its investors and has new projects in the pipeline that are expected to support future trading activity. The directors therefore have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and accordingly continue to adopt the going concern basis of accounting in preparing these financial statements
4
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
-
405
Other debtors
1,339
1,339
1,339
1,744
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
-
619
Amounts owed to group undertakings and other participating interests
150,161
149,390
Taxes and social security
9,909
9,909
160,070
159,918
6
Average number of employees
During the year the average number of employees was 0 (2025: 2).
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