Oilfield Energy Services Limited 10840451 false 2023-05-08 2024-04-30 2024-04-30 The principal activity of the company is Energy Consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 10840451 2023-05-08 2024-04-30 10840451 2024-04-30 10840451 bus:OrdinaryShareClass1 2024-04-30 10840451 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-04-30 10840451 core:RetainedEarningsAccumulatedLosses 2024-04-30 10840451 core:ShareCapital 2024-04-30 10840451 core:CurrentFinancialInstruments 2024-04-30 10840451 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 10840451 bus:SmallEntities 2023-05-08 2024-04-30 10840451 bus:AuditExemptWithAccountantsReport 2023-05-08 2024-04-30 10840451 bus:AbridgedAccounts 2023-05-08 2024-04-30 10840451 bus:SmallCompaniesRegimeForAccounts 2023-05-08 2024-04-30 10840451 bus:RegisteredOffice 2023-05-08 2024-04-30 10840451 bus:CompanySecretary1 2023-05-08 2024-04-30 10840451 bus:Director2 2023-05-08 2024-04-30 10840451 bus:OrdinaryShareClass1 2023-05-08 2024-04-30 10840451 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-05-08 2024-04-30 10840451 bus:PrivateLimitedCompanyLtd 2023-05-08 2024-04-30 10840451 bus:Agent1 2023-05-08 2024-04-30 10840451 core:RetainedEarningsAccumulatedLosses 2023-05-08 2024-04-30 10840451 core:ShareCapital 2023-05-08 2024-04-30 10840451 countries:AllCountries 2023-05-08 2024-04-30 10840451 2023-05-07 10840451 core:RetainedEarningsAccumulatedLosses 2023-05-07 10840451 core:ShareCapital 2023-05-07 10840451 2022-05-01 2023-05-07 10840451 2023-05-07 10840451 bus:OrdinaryShareClass1 2023-05-07 10840451 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-05-07 10840451 core:CurrentFinancialInstruments 2023-05-07 10840451 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-07 10840451 2022-04-30 10840451 core:ShareCapital 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10840451

Oilfield Energy Services Limited

Annual Report and Unaudited Abridged Financial Statements

for the Period from 8 May 2023 to 30 April 2024

 

Oilfield Energy Services Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 10

 

Oilfield Energy Services Limited

Company Information

Director

Mr Steve John Bullent

Company secretary

Mrs Mandy Jayne Bullent

Registered office

3 Hurrell Road
Caister-on-Sea
Great Yarmouth
Norfolk
NR30 5XG

Accountants

M P Watson & Co
Accountants & Taxation Consultants

 

Oilfield Energy Services Limited

Director's Report for the Period from 8 May 2023 to 30 April 2024

The director presents his report and the abridged financial statements for the period from 8 May 2023 to 30 April 2024.

Director of the company

The director who held office during the period was as follows:

Mr Steve John Bullent

Principal activity

The principal activity of the company is Energy Consultancy

Going concern

The Company is trading as a going concern.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 April 2024
 

.........................................
Mrs Mandy Jayne Bullent
Company secretary

.........................................
Mr Steve John Bullent
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Oilfield Energy Services Limited
for the Period Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oilfield Energy Services Limited for the period ended 30 April 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising firm, we are subject to its ethical and other professional requirements..

This report is made solely to the Board of Directors of Oilfield Energy Services Limited, as a body, in accordance with the terms of our engagement letter dated 8 July 2017. Our work has been undertaken solely to prepare for your approval the accounts of Oilfield Energy Services Limited and state those matters that we have agreed to state to the Board of Directors of Oilfield Energy Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oilfield Energy Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Oilfield Energy Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Oilfield Energy Services Limited. You consider that Oilfield Energy Services Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Oilfield Energy Services 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 accounts.

......................................

M P Watson & Co
Accountants & Taxation Consultants

30 April 2024

 

Oilfield Energy Services Limited

Abridged Profit and Loss Account for the Period from 8 May 2023 to 30 April 2024

Note

2024
£

2023
£

Gross profit

 

88,180

-

Distribution costs

 

(4,626)

-

Administrative expenses

 

(19,124)

-

Profit before tax

64,430

-

Tax on profit

 

(13,499)

-

Profit for the financial period

 

50,931

-

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Oilfield Energy Services Limited

Statement of Comprehensive Income for the Period from 8 May 2023 to 30 April 2024

2024
£

2023
£

Profit for the period

50,931

-

Total comprehensive income for the period

50,931

-

 

Oilfield Energy Services Limited

(Registration number: 10840451)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

-

60

Cash at bank and in hand

 

15,675

-

 

15,675

60

Creditors: Amounts falling due within one year

(14,743)

-

Net assets

 

932

60

Capital and reserves

 

Called up share capital

5

1

60

Retained earnings

931

-

Shareholders' funds

 

932

60

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 30 April 2024
 

.........................................
Mrs Mandy Jayne Bullent
Company secretary

.........................................
Mr Steve John Bullent
Director

 

Oilfield Energy Services Limited

Statement of Changes in Equity for the Period from 8 May 2023 to 30 April 2024

Share capital
£

Retained earnings
£

Total
£

At 8 May 2023

60

-

60

Profit for the period

-

50,931

50,931

Dividends

-

(50,000)

(50,000)

New share capital subscribed

(59)

-

(59)

At 30 April 2024

1

931

932

Share capital
£

Total
£

At 1 May 2022

60

60

At 7 May 2023

60

60

 

Oilfield Energy Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 8 May 2023 to 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Hurrell Road
Caister-on-Sea
Great Yarmouth
Norfolk
NR30 5XG
England

These financial statements were authorised for issue by the director on 30 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

No Judgements

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Oilfield Energy Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 8 May 2023 to 30 April 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

None

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

N/A

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

 

Oilfield Energy Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 8 May 2023 to 30 April 2024

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

60

60

60

60

       

Allotted, called up and not fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

60

60

60

60