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Company registration number: 06339269
TONY QUINN DRILLING LIMITED
UNAUDITED FILLETED FINANCIAL STATEMENTS
30 November 2025
TONY QUINN DRILLING LIMITED
Company number: 06339269
CONTENTS
Statement of financial position
Notes to the financial statements
TONY QUINN DRILLING LIMITED
Company number: 06339269
STATEMENT OF FINANCIAL POSITION
AS AT 30TH NOVEMBER 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 116,987 177,256
_______ _______
116,987 177,256
Current assets
Debtors 6 64,023 192,890
Cash at bank and in hand 159,059 255,317
_______ _______
223,082 448,207
Creditors: amounts falling due
within one year 7 ( 37,902) ( 61,256)
_______ _______
Net current assets 185,180 386,951
_______ _______
Total assets less current liabilities 302,167 564,207
Creditors: amounts falling due
after more than one year 8 ( 17,186) ( 31,876)
Provisions for liabilities ( 11,938) ( 25,918)
_______ _______
Net assets 273,043 506,413
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 9 273,041 506,411
_______ _______
Shareholders funds 273,043 506,413
_______ _______
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.
Directors responsibilities:
- The 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 Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 July 2026 , and are signed on behalf of the board by:
..........................
Mr Anthony Quinn
Director
Company registration number: 06339269
TONY QUINN DRILLING LIMITED
Company number: 06339269
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2025
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Westacres House, Pennyfine Road, Sunniside, Newcastle upon Tyne, NE16 5ER.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 10 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1st December 2024 176,873 10,938 268,776 456,587
Additions 10,450 - - 10,450
Disposals - - ( 57,745) ( 57,745)
_______ _______ _______ _______
At 30th November 2025 187,323 10,938 211,031 409,292
_______ _______ _______ _______
Depreciation
At 1st December 2024 144,673 4,975 129,683 279,331
Charge for the year 10,017 596 29,883 40,496
Disposals - - ( 27,522) ( 27,522)
_______ _______ _______ _______
At 30th November 2025 154,690 5,571 132,044 292,305
_______ _______ _______ _______
Carrying amount
At 30th November 2025 32,633 5,367 78,987 116,987
_______ _______ _______ _______
At 30th November 2024 32,200 5,963 139,093 177,256
_______ _______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 24,944 86,218
Other debtors 39,079 106,672
_______ _______
64,023 192,890
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 213 693
Social security and other taxes 13,717 33,307
Other creditors 23,972 27,256
_______ _______
37,902 61,256
_______ _______
8. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors 17,186 31,876
_______ _______
9. Reserves
Profit and loss account: This reserve records retained earnings and accumulated losses.
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Opening balance Advances to the directors Amounts repaid Closing balance
£ £ £ £
Mr Anthony Quinn 43,109 9,786 ( 43,109) 9,786
Mrs Dorothea Quinn 43,108 9,786 ( 43,108) 9,786
_______ _______ _______ _______
86,217 19,572 ( 86,217) 19,572
_______ _______ _______ _______
2024
Opening balance Advances to the directors Amounts repaid Closing balance
£ £ £ £
Mr Anthony Quinn ( 1,227) 44,336 - 43,109
Mrs Dorothea Quinn ( 1,228) 44,336 - 43,108
_______ _______ _______ _______
( 2,455) 88,672 - 86,217
_______ _______ _______ _______