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REGISTERED NUMBER: 06746666 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Scot-Tec Oil Services Ltd

Scot-Tec Oil Services Ltd (Registered number: 06746666)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Scot-Tec Oil Services Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: S Flockhart





REGISTERED OFFICE: Unit 23 Sherbourne Street
Cheetham Hill
Manchester
M8 8HF





REGISTERED NUMBER: 06746666 (England and Wales)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE

Scot-Tec Oil Services Ltd (Registered number: 06746666)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 18,709 29,707

CURRENT ASSETS
Stocks 14,009 22,378
Debtors 5 28,053 20,706
42,062 43,084
CREDITORS
Amounts falling due within one year 6 56,760 56,584
NET CURRENT LIABILITIES (14,698 ) (13,500 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,011

16,207

CREDITORS
Amounts falling due after more than one
year

7

-

(11,461

)

PROVISIONS FOR LIABILITIES (3,011 ) (3,011 )
NET ASSETS 1,000 1,735

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings - 735
SHAREHOLDERS' FUNDS 1,000 1,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

Scot-Tec Oil Services Ltd (Registered number: 06746666)

Balance Sheet - continued
30 November 2024


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 director and authorised for issue on 1 August 2025 and were signed by:





S Flockhart - Director


Scot-Tec Oil Services Ltd (Registered number: 06746666)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Scot-Tec Oil Services Ltd 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.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Scot-Tec Oil Services Ltd (Registered number: 06746666)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised as follows:

(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the balance sheet.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2023 - 2 ) .

Scot-Tec Oil Services Ltd (Registered number: 06746666)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2023 106,205 3,820 8,559 118,584
Additions 2,675 - - 2,675
Disposals (20,498 ) - - (20,498 )
At 30 November 2024 88,382 3,820 8,559 100,761
DEPRECIATION
At 1 December 2023 79,148 2,862 6,867 88,877
Charge for year 5,970 239 258 6,467
Eliminated on disposal (13,292 ) - - (13,292 )
At 30 November 2024 71,826 3,101 7,125 82,052
NET BOOK VALUE
At 30 November 2024 16,556 719 1,434 18,709
At 30 November 2023 27,057 958 1,692 29,707

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2023 56,172
Disposals (20,498 )
At 30 November 2024 35,674
DEPRECIATION
At 1 December 2023 39,206
Charge for year 3,521
Eliminated on disposal (13,292 )
At 30 November 2024 29,435
NET BOOK VALUE
At 30 November 2024 6,239
At 30 November 2023 16,966

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,597 7,259
Other debtors 23,456 13,447
28,053 20,706

Scot-Tec Oil Services Ltd (Registered number: 06746666)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,785 4,949
Hire purchase contracts 3,967 8,414
Trade creditors 4,470 6,423
Taxation and social security 35,118 34,739
Other creditors 420 2,059
56,760 56,584

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 11,461

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
S Flockhart
Balance outstanding at start of year (1,279 ) 21,859
Amounts advanced 22,966 7,288
Amounts repaid (13,705 ) (30,426 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,982 (1,279 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Flockhart.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Scot-Tec Oil Services Ltd

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scot-Tec Oil Services Ltd for the year ended 30 November 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of 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 director of Scot-Tec Oil Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scot-Tec Oil Services Ltd and state those matters that we have agreed to state to the director of Scot-Tec Oil Services Ltd in this report in accordance with the requirements of 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 the company and its director for our work or for this report.

It is your duty to ensure that Scot-Tec Oil Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Scot-Tec Oil Services Ltd. You consider that Scot-Tec Oil Services Ltd 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 Scot-Tec Oil Services Ltd. 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.






Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE


1 August 2025