Company registration number SC302127 (Scotland)
TRACE OILFIELD SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TRACE OILFIELD SERVICES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
TRACE OILFIELD SERVICES LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF TRACE OILFIELD SERVICES LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trace Oilfield Services Limited for the year ended 31 March 2024, which comprise the balance sheet, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the board of directors of Trace Oilfield Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Trace Oilfield Services Limited and state those matters that we have agreed to state to the board of directors of Trace Oilfield Services Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trace Oilfield Services Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Trace Oilfield Services Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Trace Oilfield Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trace Oilfield 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 financial statements.

MMG Chartered Accountants
182 High Street
Montrose
ANGUS
DD10 8PH
Scotland
1 May 2025
TRACE OILFIELD SERVICES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
2024
2023
£
£
£
£
Fixed assets
20,088
19,723
Current assets
4,908
8,238
Creditors: amounts falling due within one year
(5,462)
(5,921)
Net current (liabilities)/assets
(554)
2,317
Total assets less current liabilities
19,534
22,040
Net assets
19,534
22,040
Capital and reserves
19,534
22,040
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
1
1

Trace Oilfield Services Limited is a private company limited by shares incorporated in Scotland. The registered office is 18 Osprey Road, Piperdam, By Dundee, DD2 5GA.

For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

TRACE OILFIELD SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 1 May 2025
S McAuley
Director
Company registration number SC302127 (Scotland)
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