REGISTERED NUMBER: 11050544 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

GROUND SOURCE PENETRATION DRILLING

SOLUTIONS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs S L Phillips

G Phillips

REGISTERED OFFICE:

Old Dairy House

Cottage Road

Wooler

NE71 6AD

REGISTERED NUMBER:

11050544 (England and Wales)

ACCOUNTANTS:

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ground Source Penetration Drilling Solutions Limited for the year ended 30 November 2025 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ground Source Penetration Drilling Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ground Source Penetration Drilling Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Ground Source Penetration Drilling Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ground Source Penetration Drilling Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ground Source Penetration Drilling Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ground Source Penetration Drilling Solutions Limited. You consider that Ground Source Penetration Drilling Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ground Source Penetration Drilling Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

9 June 2026

FIXED ASSETS

Tangible assets

4

6,941

9,309

CURRENT ASSETS

Stocks

2,100

-

Debtors

5

22,489

58,428

Cash at bank

34,344

119,303

58,933

177,731

CREDITORS

Amounts falling due within one year

6

9,745

95,321

NET CURRENT ASSETS

49,188

82,410

TOTAL ASSETS LESS CURRENT LIABILITIES

56,129

91,719

CREDITORS

Amounts falling due after more than one year

7

-

(7,653

)

PROVISIONS FOR LIABILITIES

(1,319

)

(1,769

)

NET ASSETS

54,810

82,297

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

54,800

82,287

SHAREHOLDERS' FUNDS

54,810

82,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

G Phillips - Director

1.	STATUTORY INFORMATION

Ground Source Penetration Drilling Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office Equipment

-

Straight line over 4 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 December 2024

and 30 November 2025

3,845

32,234

923

37,002

DEPRECIATION

At 1 December 2024

3,050

23,827

816

27,693

Charge for year

159

2,102

107

2,368

At 30 November 2025

3,209

25,929

923

30,061

NET BOOK VALUE

At 30 November 2025

636

6,305

-

6,941

At 30 November 2024

795

8,407

107

9,309

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

-

27,918

Other debtors

22,489

30,510

22,489

58,428

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans and overdrafts

-

11,000

Hire purchase contracts

828

4,625

Taxation and social security

6,017

66,471

Other creditors

2,900

13,225

9,745

95,321

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans

-

7,333

Hire purchase contracts

-

320

-

7,653

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

30/11/25

30/11/24

£

£

Mrs S L Phillips and G Phillips

Balance outstanding at start of year

(9,691

)

8,271

Amounts advanced

69,720

46,678

Amounts repaid

(55,050

)

(64,640

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,979

(9,691

)