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REGISTERED NUMBER: 02059684 (England and Wales)




REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

ROBERTSON GEOLOGGING LIMITED

ROBERTSON GEOLOGGING LIMITED (REGISTERED NUMBER: 02059684)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Statement of Income and Retained Earnings 8

Balance Sheet 9

Notes to the Financial Statements 10


ROBERTSON GEOLOGGING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: S F Garantini
F Oguri
S N Parry
N Shigemoto



SECRETARY: S N Parry



REGISTERED OFFICE: Tre Morfa Enterprise Park
Tre Morfa Enterprise Park
Conwy
LL32 8FB



REGISTERED NUMBER: 02059684 (England and Wales)



AUDITORS: M. D. Coxey and Co. Limited
Chartered Accountants
and Statutory Auditors
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: HSBC Bank Plc
60 Mostyn Street
Llandudno
LL302SF

ROBERTSON GEOLOGGING LIMITED (REGISTERED NUMBER: 02059684)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST DECEMBER 2024

The directors present their report with the financial statements of the company for the year ended 31st December 2024.

PRINCIPAL ACTIVITIES
The principal activities of the company in the year under review were those of the manufacture of high technology wireline logging equipment and the provision of borehole logging services.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1st January 2024 to the date of this report.

The beneficial interests of the directors holding office at 31st December 2024 in the shares of the company, according to the register of directors' interests, were as follows:

31.12.24 1.1.24
Ordinary A shares of £1 each
S F Garantini - -
F Oguri - -
S N Parry 9,199 9,199
N Shigemoto - -
These directors did not hold any beneficial interests in the Ordinary shares of £1 each.

These directors did not hold any non-beneficial interests in any of the shares of the company.

POLITICAL DONATIONS AND EXPENDITURE
During the year the company donated £4,000 to charity.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, M. D. Coxey and Co. Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.


ROBERTSON GEOLOGGING LIMITED (REGISTERED NUMBER: 02059684)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST DECEMBER 2024

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

ON BEHALF OF THE BOARD:





S F Garantini - Director


24th February 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROBERTSON GEOLOGGING LIMITED

Opinion
We have audited the financial statements of Robertson Geologging Limited (the 'company') for the year ended 31st December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31st December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROBERTSON GEOLOGGING LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROBERTSON GEOLOGGING LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other
management;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to
instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining accounting estimates were indicative of
potential bias; and
- investigated the rationale behind significant or unusual transactions;

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROBERTSON GEOLOGGING LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Anthony Lewis (Senior Statutory Auditor)
for and on behalf of M. D. Coxey and Co. Limited
Chartered Accountants
and Statutory Auditors
25 Grosvenor Road
Wrexham
LL11 1BT

24th February 2025

ROBERTSON GEOLOGGING LIMITED (REGISTERED NUMBER: 02059684)

STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 31ST DECEMBER 2024

31.12.24 31.12.23
Notes £    £   

TURNOVER 7,547,757 6,286,980

Cost of sales 4,717,372 3,895,386
GROSS PROFIT 2,830,385 2,391,594

Administrative expenses 2,285,698 2,113,451
544,687 278,143

Other operating income 172,147 98,633
OPERATING PROFIT 4 716,834 376,776

Interest receivable and similar income 572 194
717,406 376,970

Interest payable and similar expenses 5 92,982 5,934
PROFIT BEFORE TAXATION 624,424 371,036

Tax on profit 6 132,390 7,135
PROFIT FOR THE FINANCIAL YEAR 492,034 363,901

Retained earnings at beginning of year 2,707,225 2,343,324

RETAINED EARNINGS AT END OF
YEAR

3,199,259

2,707,225

ROBERTSON GEOLOGGING LIMITED (REGISTERED NUMBER: 02059684)

BALANCE SHEET
31ST DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 78,986 115,941
Tangible assets 8 2,931,528 794,875
Investments 9 789 789
3,011,303 911,605

CURRENT ASSETS
Stocks 10 3,236,124 3,095,918
Debtors 11 1,735,214 994,565
Cash at bank 808,860 596,093
5,780,198 4,686,576
CREDITORS
Amounts falling due within one year 12 1,375,355 973,067
NET CURRENT ASSETS 4,404,843 3,713,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,416,146

4,625,114

CREDITORS
Amounts falling due after more than one
year

13

(2,275,000

)

-

PROVISIONS FOR LIABILITIES 14 (128,442 ) (104,444 )
NET ASSETS 5,012,704 4,520,670

CAPITAL AND RESERVES
Called up share capital 15 1,097,079 1,097,079
Share premium 716,366 716,366
Retained earnings 3,199,259 2,707,225
SHAREHOLDERS' FUNDS 5,012,704 4,520,670

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24th February 2025 and were signed on its behalf by:





S F Garantini - Director


ROBERTSON GEOLOGGING LIMITED (REGISTERED NUMBER: 02059684)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Robertson Geologging 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Robertson Geologging Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, OYO Corporation USA, 245 Carmelo Avenue, Suite 101, Pasadena, Califomia 91107, USA.

OYO Corporation is the parent undertaking of the largest group of undertakings to consolidate these financial statements at 31 December 2023. The consolidated financial statements of OYO Corporation are available from 2 - 6 Kudan Kita Chome, Chiyoda-ku, Tokyo 102-0073, Japan.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover, which excludes value added tax and trade discounts, represents the invoiced value of goods and services supplied. Turnover is recognised upon despatch of goods, or when the risks and rewards transfer to the customer in accordance with agreed trading terms if stock is physically held on site.

Logging services income is recognised over the period of time that the service is provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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.
Freehold property - Straight line over 40 years
Fixtures, plant & computers - Straight line over 3 - 6 years
Service logging equipment - Straight line over 7 years
Motor vehicles - Straight line over 4 years

Investments in subsidiaries
Investments in subsidiary undertakings are recorded at cost plus allowable acquisition costs less any provision in impairment. Impairment reviews are performed by the directors when there has been an indication of potential impairment.

ROBERTSON GEOLOGGING LIMITED (REGISTERED NUMBER: 02059684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost comprises purchase cost on a first-in-first-out basis together with, where appropriate, an allocation of attributable overheads. Net realisable value is based on estimated selling price less further costs expected to be incurred to completion and disposal.

Reviews are carried out to identify slow moving, obsolete and defective stock. Where such items are identified, provision is made to adjust their value to net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development
Pure research expenditure is written off in the year in which it is incurred. Significant costs incurred on the development of specific products are capitalised and amortised over the expected commercial life of the product, typically three years. Research and development undertaken under contract for individual clients is written off against the costs of the project.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under finance leases and hire purchase contracts are capitalised in the Statements of Financial Position and are depreciated over their useful lives. The interest element of the rental obligations is charged to the Statement of Comprehensive Income over the period of the lease on a sum of digits basis. Rental paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the term of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme which requires contributions to be made to separately administered funds. The company also operates a group private pension scheme. The assets of the schemes are held separately from those of the company in two independently administered funds. he amount charged against profits represents the contributions payable to the schemes in respect of the accounting year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2023 - 47 ) .

ROBERTSON GEOLOGGING LIMITED (REGISTERED NUMBER: 02059684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.12.24 31.12.23
£    £   
Hire of plant and machinery 8,696 52,559
Depreciation - owned assets 232,375 181,507
Depreciation - assets on hire purchase contracts - 5,192
Loss on disposal of fixed assets 40 259
Computer software amortisation 53,893 49,189
Auditors' remuneration 26,000 23,271
Auditors' remuneration for non audit work 10,848 13,388
Foreign exchange differences (35,821 ) 152,643

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.12.24 31.12.23
£    £   
Other interest 92,982 5,934

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.24 31.12.23
£    £   
Current tax:
UK corporation tax 108,392 31,754

Deferred tax 23,998 (24,619 )
Tax on profit 132,390 7,135

UK corporation tax has been charged at 25% (2023 - 23.52%).

7. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st January 2024 219,027
Additions 16,938
At 31st December 2024 235,965
AMORTISATION
At 1st January 2024 103,086
Amortisation for year 53,893
At 31st December 2024 156,979
NET BOOK VALUE
At 31st December 2024 78,986
At 31st December 2023 115,941

ROBERTSON GEOLOGGING LIMITED (REGISTERED NUMBER: 02059684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

8. TANGIBLE FIXED ASSETS
Fixtures, Service
Freehold plant & logging Motor
property computers equipment vehicles Totals
£    £    £    £    £   
COST
At 1st January 2024 530,420 950,373 797,201 252,480 2,530,474
Additions 2,080,059 66,103 222,906 - 2,369,068
Disposals - (12,216 ) - - (12,216 )
At 31st December 2024 2,610,479 1,004,260 1,020,107 252,480 4,887,326
DEPRECIATION
At 1st January 2024 308,056 816,018 440,673 170,852 1,735,599
Charge for year 48,824 58,677 90,621 34,253 232,375
Eliminated on disposal - (12,176 ) - - (12,176 )
At 31st December 2024 356,880 862,519 531,294 205,105 1,955,798
NET BOOK VALUE
At 31st December 2024 2,253,599 141,741 488,813 47,375 2,931,528
At 31st December 2023 222,364 134,355 356,528 81,628 794,875

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st January 2024
and 31st December 2024 47,664
DEPRECIATION
At 1st January 2024
and 31st December 2024 47,664
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

9. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2024
and 31st December 2024 789
NET BOOK VALUE
At 31st December 2024 789
At 31st December 2023 789

ROBERTSON GEOLOGGING LIMITED (REGISTERED NUMBER: 02059684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

9. FIXED ASSET INVESTMENTS - continued

The investment in the wholly owned subsidiary Robertson Geologging (USA) Inc has been fully written down in prior periods. Robertson Geologging (USA) Inc is a company incorporated in the USA and is a supplier of wireline logging equipment to the North and South American markets. Robertson Geologging Limited hold 100% of the ordinary shares in Robertson Geologging (USA) Inc. The company's registered address is 1809 N. Helm Ave, Suite #4, Fresno, 93727 California, USA.

Robertson Geologging (Asia) Limited is a wholly owned subsidiary and is a company incorporated in Hong Kong to promote the sale of wireline logging equipment and borehole logging services. The company's registered address is 16th Floor, Wing On Centre, 111 Connaught Road Central, Hong Kong.

10. STOCKS
31.12.24 31.12.23
£    £   
Stocks 1,364,631 1,389,333
Finished goods 1,871,493 1,706,585
3,236,124 3,095,918

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 980,613 262,295
Amounts owed by group undertakings 404,389 409,726
Other debtors 26,355 50,394
Corporation tax 117,448 58,932
VAT 69,343 83,559
Prepayments 137,066 129,659
1,735,214 994,565

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts - 5,818
Trade creditors 429,281 268,025
Amounts owed to group undertakings 331,315 115,900
Social security and other taxes 64,539 46,300
Other creditors 26,039 35,097
Accruals and deferred income 524,181 501,927
1,375,355 973,067

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 2,275,000 -

ROBERTSON GEOLOGGING LIMITED (REGISTERED NUMBER: 02059684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

14. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 160,500 133,572
Tax losses carried forward (8,739 ) (8,882 )
Other timing differences (23,319 ) (20,246 )
128,442 104,444

Deferred
tax
£   
Balance at 1st January 2024 104,444
Movement in the year due to -
changes in tax allowances 26,928
changes in tax rates
changes in timing differences 143
changes in tax losses (3,073 )
Balance at 31st December 2024 128,442

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,033,149 Ordinary £1 1,033,149 1,033,149
63,930 Ordinary A £1 63,930 63,930
1,097,079 1,097,079

16. CAPITAL COMMITMENTS
31.12.24 31.12.23
£    £   
Contracted but not provided for in the
financial statements 314,823 -

17. RELATED PARTY DISCLOSURES

During the year the company made sales to OYO Corporation Japan, its ultimate parent company in the sum of £322,187 (2023: £100,996) and purchases of £87,159. (2023 £160,049). At the year end had a trade debtor balance of £nil (2023: £53,570) and a trade creditor balance of £17,122 (2023: £17,355).

During the year purchases of £nil (2023: £3,695) were made from OYO Corporation USA, the immediate parent company. At the year end there was a loan balance payable of £2,425,000 (2023: £56) and the company paid interest of £92,714 (2023: £nil).

18. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is OYO Corporation USA who own 99.16% (2023 - 99.16%) of the share capital.

The ultimate parent and controlling party is OYO Corporation, a company incorporated in Japan.