2023-05-012024-04-302024-04-30false03963632OIL WELL SERVICES 2000 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OIL WELL SERVICES 2000 LIMITED

Registered Number
03963632
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

OIL WELL SERVICES 2000 LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

C L Branch
J N Palmer

Company Secretary

E F Palmer

Registered Address

77 Fosse Road
Farndon
Newark
NG24 3TL

Registered Number

03963632 (England and Wales)
OIL WELL SERVICES 2000 LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors3306,000303,004
Cash at bank and on hand7223,715
306,722306,719
Creditors amounts falling due within one year4(306,386)(306,439)
Net current assets (liabilities)336280
Total assets less current liabilities336280
Net assets336280
Capital and reserves
Called up share capital11
Profit and loss account335279
Shareholders' funds336280
The financial statements were approved and authorised for issue by the Board of Directors on 2 December 2024, and are signed on its behalf by:
C L Branch
Director
Registered Company No. 03963632
OIL WELL SERVICES 2000 LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Debtors: amounts due within one year

2024

2023

££
Other debtors306,000303,004
Total306,000303,004
4.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties301,087301,087
Taxation and social security1366
Other creditors5,2865,286
Total306,386306,439
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Related party transactions
Summary of transactions with parent A loan account exists with Oil Well 2000 (Holdings) Limited, the holding company. At the balance sheet date the amount owed to Oil Well 2000 (Holdings) Limited was £301,087 (2023 £301,087). Summary of transactions with other related parties A loan account exists with Servatec Holdings Limited, a company of which the director, J N Palmer, is also a director. At the balance sheet date the amount owed to Servatec Holdings Limited was £11 (2023 £11).