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Registered number: 7066906
SOUTHEASTERN DRILLING SERVICES LIMITED
Unaudited Financial Statements
For The Year Ended 30 November 2025
JENNIFER M RICHARDSON LIMITED
32 Station Road
Rainham
Gillingham
Kent
ME8 7PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 7066906
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 249,884 231,559
249,884 231,559
CURRENT ASSETS
Debtors 5 206,386 180,464
Cash at bank and in hand 196,848 190,539
403,234 371,003
Creditors: Amounts Falling Due Within One Year 6 (177,572 ) (130,822 )
NET CURRENT ASSETS (LIABILITIES) 225,662 240,181
TOTAL ASSETS LESS CURRENT LIABILITIES 475,546 471,740
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,269 ) (19,269 )
NET ASSETS 456,277 452,471
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account 456,273 452,467
SHAREHOLDERS' FUNDS 456,277 452,471
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For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr SONNY WORRALL
Director
13/01/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SOUTHEASTERN DRILLING SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 7066906 . The registered office is 55 Seathorpe Avenue, Minster-on-Sea, Sheerness, KENT, ME12 2LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Plant & Machinery 25% reducing balance
Motor Vehicles 15% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 December 2024 130,142 351,945 87,218 569,305
Additions - - 45,337 45,337
As at 30 November 2025 130,142 351,945 132,555 614,642
Depreciation
As at 1 December 2024 - 301,944 35,802 337,746
Provided during the period - 12,500 14,512 27,012
As at 30 November 2025 - 314,444 50,314 364,758
Net Book Value
As at 30 November 2025 130,142 37,501 82,241 249,884
As at 1 December 2024 130,142 50,001 51,416 231,559
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles - 26,871
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 185,681 179,789
Other debtors 700 675
Director's loan account 20,005 -
206,386 180,464
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 15,000
Trade creditors 52,582 63,710
Corporation tax 11,975 11,737
Other taxes and social security 8,981 10,203
VAT 51,532 23,545
Other creditors 2,320 2,320
Director's loan account 50,182 4,307
177,572 130,822
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7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr S. Worrall by virtue of his ownership of 100% of the issued share capital in the company.
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