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REGISTERED NUMBER: 08791958 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Oiltech Services (East Midlands) Ltd

Oiltech Services (East Midlands) Ltd (Registered number: 08791958)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Oiltech Services (East Midlands) Ltd (Registered number: 08791958)

Abridged Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,881 2,411

CURRENT ASSETS
Stocks 9,126 8,695
Debtors 14,463 25,157
Cash at bank 80,424 52,624
104,013 86,476
CREDITORS
Amounts falling due within one year 25,594 27,103
NET CURRENT ASSETS 78,419 59,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,300

61,784

PROVISIONS FOR LIABILITIES 357 458
NET ASSETS 79,943 61,326

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79,843 61,226
SHAREHOLDERS' FUNDS 79,943 61,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Oiltech Services (East Midlands) Ltd (Registered number: 08791958)

Abridged Balance Sheet - continued
31 March 2025


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:





R S Tonge - Director


Oiltech Services (East Midlands) Ltd (Registered number: 08791958)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Oiltech Services (East Midlands) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08791958

Registered office: Valley View
Tugby Orchards Business
Wood Lane
Tugby
Leicestershire
LE7 9WE

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 etc - 25% on reducing balance, 25% on cost and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Oiltech Services (East Midlands) Ltd (Registered number: 08791958)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued
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 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 11,448
Additions 200
At 31 March 2025 11,648
DEPRECIATION
At 1 April 2024 9,037
Charge for year 730
At 31 March 2025 9,767
NET BOOK VALUE
At 31 March 2025 1,881
At 31 March 2024 2,411