REGISTERED NUMBER: 09291501 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 31 MAY 2025

FOR

OILFIELD SERVICES TS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T R Siddans

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

09291501 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

-

46,077

CURRENT ASSETS

Debtors

5

3,306

106,041

Cash at bank

112,187

22,490

115,493

128,531

CREDITORS

Amounts falling due within one year

6

29,031

34,026

NET CURRENT ASSETS

86,462

94,505

TOTAL ASSETS LESS CURRENT LIABILITIES

86,462

140,582

CREDITORS

Amounts falling due after more than one year

7

-

(16,630

)

PROVISIONS FOR LIABILITIES

-

(3,543

)

NET ASSETS

86,462

120,409

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

86,461

120,408

SHAREHOLDERS' FUNDS

86,462

120,409

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2025 and were signed by:

T R Siddans - Director

1.	STATUTORY INFORMATION

Oilfield Services TS 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.

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

The company's turnover is generated from the provision of services to the oil industry and is recognised as the service is provided.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

91,692

Disposals

(91,692

)

At 31 May 2025

-

DEPRECIATION

At 1 December 2023

45,615

Charge for period

10,491

Eliminated on disposal

(56,106

)

At 31 May 2025

-

NET BOOK VALUE

At 31 May 2025

-

At 30 November 2023

46,077

The net book value of tangible fixed assets includes £NIL (2023 - £ 6,701 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

30.11.23

£

£

Other debtors

3,306

106,041

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

30.11.23

£

£

Bank loans and overdrafts

-

10,000

Hire purchase contracts

-

20,677

Taxation and social security

-

1,432

Other creditors

29,031

1,917

29,031

34,026

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

30.11.23

£

£

Bank loans

-

16,630

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

30.11.23

£

£

Hire purchase contracts

-

20,677

Obligations under hire purchase agreements were secured on the asset to which they related.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

30.11.23

value:

£

£

1

Ordinary

£1

1

1

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 May 2025 and the year ended 30 November 2023:

31.5.25

30.11.23

£

£

T R Siddans

Balance outstanding at start of period

28,288

1,411

Amounts advanced

-

54,208

Amounts repaid

(28,288

)

(27,331

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

28,288