REGISTERED NUMBER: SC416414 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

North East Well Operations Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M R Towler

Mrs E L Towler

REGISTERED OFFICE:

Cuttyhill Neuk

Rora

Peterhead

Aberdeenshire

AB42 4UP

REGISTERED NUMBER:

SC416414 (Scotland)

ACCOUNTANTS:

J M Taylor

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

FIXED ASSETS

Tangible assets

4

2,911

4,396

CURRENT ASSETS

Debtors

5

370

13,991

Cash at bank

61,361

74,380

61,731

88,371

CREDITORS

Amounts falling due within one year

6

11,819

2,199

NET CURRENT ASSETS

49,912

86,172

TOTAL ASSETS LESS CURRENT LIABILITIES

52,823

90,568

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

52,820

90,565

SHAREHOLDERS' FUNDS

52,823

90,568

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 directors acknowledge their 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 Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

Mr M R Towler - Director

1.	STATUTORY INFORMATION

North East Well Operations Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

16,041

1,611

17,652

Disposals

(1,963

)

-

(1,963

)

At 31 March 2025

14,078

1,611

15,689

DEPRECIATION

At 1 April 2024

11,645

1,611

13,256

Charge for year

1,136

-

1,136

Eliminated on disposal

(1,614

)

-

(1,614

)

At 31 March 2025

11,167

1,611

12,778

NET BOOK VALUE

At 31 March 2025

2,911

-

2,911

At 31 March 2024

4,396

-

4,396

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Directors loan account

-

13,991

VAT

62

-

Prepayments

308

-

370

13,991

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Social security and other taxes

126

126

Directors loan account

10,009

-

Accrued expenses

1,684

2,073

11,819

2,199

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mrs E L Towler

Balance outstanding at start of year

13,991

-

Amounts advanced

-

13,991

Amounts repaid

(14,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9

)

13,991

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M R Towler.