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REGISTERED NUMBER: SC432565 (Scotland)















Financial Statements for the Year Ended 31 December 2023

for

Black Lizard Oilfield Services Ltd

Black Lizard Oilfield Services Ltd (Registered number: SC432565)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 5

Black Lizard Oilfield Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K Masson
E Blackie-Masson





REGISTERED OFFICE: 4 Parkhill Place
Northmuir
Kirriemuir
Angus
DD8 4TA





REGISTERED NUMBER: SC432565 (Scotland)





ACCOUNTANT: Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA

Black Lizard Oilfield Services Ltd (Registered number: SC432565)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,575 41,694

CURRENT ASSETS
Debtors 5 107,604 64,593
Cash at bank 196,940 150,747
304,544 215,340
CREDITORS
Amounts falling due within one year 6 81,906 8,682
NET CURRENT ASSETS 222,638 206,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,213

248,352

PROVISIONS FOR LIABILITIES 17,020 7,923
NET ASSETS 295,193 240,429

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 295,093 240,329
295,193 240,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:



K Masson - Director


Black Lizard Oilfield Services Ltd (Registered number: SC432565)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Black Lizard Oilfield Services Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 12.5% on reducing balance
Fixtures and fittings - Straight line over 4 years
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 4 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 2 (2022 - 2 ) .

Black Lizard Oilfield Services Ltd (Registered number: SC432565)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 46,116 2,218 45,400 8,199 101,933
Additions 2,453 - 55,000 2,039 59,492
Disposals - - - (2,089 ) (2,089 )
At 31 December 2023 48,569 2,218 100,400 8,149 159,336
DEPRECIATION
At 1 January 2023 17,862 2,217 35,197 4,963 60,239
Charge for year 5,082 - 3,697 1,787 10,566
Eliminated on disposal - - - (1,044 ) (1,044 )
At 31 December 2023 22,944 2,217 38,894 5,706 69,761
NET BOOK VALUE
At 31 December 2023 25,625 1 61,506 2,443 89,575
At 31 December 2022 28,254 1 10,203 3,236 41,694

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,520 11,142
Amounts owed by group undertakings 54,000 52,000
Other debtors 9,084 1,451
107,604 64,593

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 67,937 -
Taxation and social security 11,202 7,722
Other creditors 2,767 960
81,906 8,682

Black Lizard Oilfield Services Ltd

Report of the Accountant to the Directors of
Black Lizard Oilfield Services Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA


17 September 2024