Accounts filed on 30-11-2019


Registered number: 06919550






Jackson Drilling Holdings Limited


ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2019


Jackson Drilling Holdings Limited


ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2019





DIRECTORS
R S Clapp
B Cornish



SECRETARY
N Claydon


REGISTERED OFFICE
The Lodge
Park Road
Shepton Mallet
Somerset
BA4 5BS


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06919550



BANKERS
Handelsbanken, 40 Queens Square, Bristol, BS1 4QP


ACCOUNTS
FOR THEYEARENDED30 NOVEMBER 2019



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30 November 2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Tangible assets	2		1,109,611		928,294
Investment Assets	3		12,466		11,163

			1,122,077		939,457

CURRENT ASSETS
Stock		42,685		44,748
Debtors	5	805,875		717,293
Cash at bank and in hand		696,091		534,552
		1,544,651		1,296,593
CREDITORS: Amounts falling due within one year	6	706,834		415,358
NET CURRENT ASSETS			837,817		881,235
TOTAL ASSETS LESS CURRENT LIABILITIES			1,959,894		1,820,692


CREDITORS: Amounts falling due after more than one year	7		121,102		6,144


PROVISIONS FOR LIABILITIES AND CHARGES	9		145,999		109,115

NET ASSETS			1,692,793		1,705,433

CAPITAL AND RESERVES

Called up share capital	10		95		95
Capital redemption reserve	11		5		5
Profit and loss account			1,692,693		1,705,333
SHAREHOLDERS' FUNDS			1,692,793		1,705,433

For the year ending 30 November 2019 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 9 September 2020 and signed on their behalf by



.............................
R S Clapp
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land And Buildings		straight line 20%
Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 30%
Equipment		reducing balance 25%




1c. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




1f. Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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 all 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. 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.




1g. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.




3. INVESTMENT FIXED ASSETS

	Shares in group companies	Other
	and participating interests	Investments	Total
	£	£	£
Cost
At 1 December 2018	200	10,963	11,163
Revaluation	-	1,303	1,303
At 30 November 2019	200	12,266	12,466
Amortisation
Net Book Amounts
At 30 November 2019	200	12,266	12,466
At 30 November 2018	200	10,963	11,163
The company holds 100% of the issued share capital of Jackson Drilling Limited and Geological Surveys Limited both incorporated in the United Kingdom. Both these companies are dormant.




5. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	780,965	703,335
Other debtors	24,910	13,958
	805,875	717,293




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
UK corporation tax	29,213	95,649
Other taxes and social security	148,036	132,768
Obligation under finance lease and hire purchase contracts	90,754	28,981
Trade creditors	89,088	122,333
Other creditors	349,743	35,627
	706,834	415,358




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2019	2018
	£	£
Obligations under finance lease and hire purchase contracts	121,102	6,144
	121,102	6,144




10. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
65 Ordinary Class A shares of £1 each	65	65
25 Ordinary Class B shares of £1 each	25	25
5 Ordinary Class C shares of £1 each	5	5
	95	95




12. CONTROLLING PARTY
The company is controlled by the director who owns 79% of the called up share capital.

13. RELATED PARTY TRANSACTIONS

Other Creditors includes a loan owing to the director and majority shareholder Mrs RS Clapp of £62,913 (2018 - £6,912). The loan is unsecured, interest free and there are no fixed repayment terms.
During the year, the company paid dividends to Mrs RS Clapp of £315,789 (2018 - £236,842).