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REGISTERED NUMBER: 09291501 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

OILFIELD SERVICES TS LIMITED

OILFIELD SERVICES TS LIMITED (REGISTERED NUMBER: 09291501)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OILFIELD SERVICES TS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: T R Siddans





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 09291501 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

OILFIELD SERVICES TS LIMITED (REGISTERED NUMBER: 09291501)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,077 55,106
Investments 5 - 14,694
46,077 69,800

CURRENT ASSETS
Debtors 6 106,041 102,360
Cash at bank 22,490 59,190
128,531 161,550
CREDITORS
Amounts falling due within one year 7 34,026 48,225
NET CURRENT ASSETS 94,505 113,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,582

183,125

CREDITORS
Amounts falling due after more than one
year

8

(16,630

)

(46,347

)

PROVISIONS FOR LIABILITIES (3,543 ) (3,257 )
NET ASSETS 120,409 133,521

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 120,408 133,520
SHAREHOLDERS' FUNDS 120,409 133,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

OILFIELD SERVICES TS LIMITED (REGISTERED NUMBER: 09291501)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2024 and were signed by:





T R Siddans - Director


OILFIELD SERVICES TS LIMITED (REGISTERED NUMBER: 09291501)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Oilfield Services TS 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.

The company's turnover is generated from the provision of services to the oil industry. Income is recognised when the customer is in receipt of the relevant services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2022 - 1 ) .

OILFIELD SERVICES TS LIMITED (REGISTERED NUMBER: 09291501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 97,048
Additions 1,020
Disposals (6,376 )
At 30 November 2023 91,692
DEPRECIATION
At 1 December 2022 41,942
Charge for year 9,411
Eliminated on disposal (5,738 )
At 30 November 2023 45,615
NET BOOK VALUE
At 30 November 2023 46,077
At 30 November 2022 55,106

The net book value of tangible fixed assets includes £ 6,701 (2022 - £ 8,935 ) in respect of assets held under hire purchase contracts.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022 14,694
Disposals (14,694 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 14,694

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 106,041 102,360

OILFIELD SERVICES TS LIMITED (REGISTERED NUMBER: 09291501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 20,677 24,955
Taxation and social security 1,432 11,433
Other creditors 1,917 1,837
34,026 48,225

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 16,630 25,670
Hire purchase contracts - 20,677
16,630 46,347

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 20,677 45,632

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
T R Siddans
Balance outstanding at start of year 1,411 (17,217 )
Amounts advanced 54,208 48,221
Amounts repaid (27,331 ) (29,593 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,288 1,411