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Registration number: SC577178

Stratum Drilling Solutions Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Stratum Drilling Solutions Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9
Accountants' Report | 10

Stratum Drilling Solutions Ltd

Company Information

Directors | Mr Andrew Gilmour Robertson Mr Wayne Roger Allen Mrs Laura Elizabeth Robertson Mrs Lisa Allen

Registered office | Unit 4B Gateway Business Park Beancross Road Grangemouth Stirlingshire Scotland FK3 8WX

Accountants | EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

Stratum Drilling Solutions Ltd

(Registration number: SC577178)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 197,176 | 141,601
Current assets |  |  |
Stocks | 5 | 868,025 | 1,024,963
Debtors | 6 | 443,332 | 533,543
Cash at bank and in hand |  | 1,106,610 | 644,874
|  | 2,417,967 | 2,203,380
Creditors: Amounts falling due within one year | 7 | (1,174,290) | (912,238)
Net current assets |  | 1,243,677 | 1,291,142
Total assets less current liabilities |  | 1,440,853 | 1,432,743
Creditors: Amounts falling due after more than one year | 7 | - | (7,035)
Provisions for liabilities |  | (43,379) | (31,153)
Net assets |  | 1,397,474 | 1,394,555
Capital and reserves |  |  |
Called up share capital | 9 | 200 | 300
Capital redemption reserve |  | 100 | -
Retained earnings |  | 1,397,174 | 1,394,255
Shareholders' funds |  | 1,397,474 | 1,394,555

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 March 2026 and signed on its behalf by:

......................................... Mr Andrew Gilmour Robertson Director

Stratum Drilling Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Stratum Drilling Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | 5 years straight line
Fixtures & Fittings | 20% reducing balance
Plant and machinery | 20% reducing balance
Computer equipment | 5 years straight line
Motor vehicles | 20% reducing balance
Other property,plant and equipment | 20% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Stratum Drilling Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3 | Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 13).

Stratum Drilling Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4 | Tangible assets

| Leasehold improvements £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £
Cost or valuation
At 1 October 2024 | 22,333 | 995 | 121,181 | 15,515
Additions | - | - | 12,630 | 9,102
Disposals | - | - | - | -
At 30 September 2025 | 22,333 | 995 | 133,811 | 24,617
Depreciation
At 1 October 2024 | 20,527 | 486 | 91,586 | 9,486
Charge for the year | 1,094 | 101 | 8,445 | 4,718
Eliminated on disposal | - | - | - | -
At 30 September 2025 | 21,621 | 587 | 100,031 | 14,204
Carrying amount
At 30 September 2025 | 712 | 408 | 33,780 | 10,413
At 30 September 2024 | 1,806 | 509 | 29,595 | 6,029

| Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 October 2024 | 62,470 | 128,343 | 350,837
Additions | 32,852 | 65,468 | 120,052
Disposals | (18,990) | - | (18,990)
At 30 September 2025 | 76,332 | 193,811 | 451,899
Depreciation
At 1 October 2024 | 24,984 | 62,167 | 209,236
Charge for the year | 11,636 | 26,329 | 52,323
Eliminated on disposal | (6,836) | - | (6,836)
At 30 September 2025 | 29,784 | 88,496 | 254,723
Carrying amount
At 30 September 2025 | 46,548 | 105,315 | 197,176
At 30 September 2024 | 37,486 | 66,176 | 141,601

Stratum Drilling Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 868,025 | 1,024,963

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 434,944 | 531,895
Prepayments | 1,368 | 1,348
Other debtors | 7,020 | 300
| 443,332 | 533,543

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | - | 10,340
Trade creditors |  | 831,752 | 603,577
Taxation and social security |  | 317,453 | 287,556
Other creditors |  | 25,085 | 10,765
|  | 1,174,290 | 912,238

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | - | 7,035

Stratum Drilling Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 7,035

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 10,340

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary 'A' class shares of £1 each | 200 | 200 | 200 | 200
Ordinary 'B' class shares of £1 each | - | - | 100 | 100
| 200 | 200 | 300 | 300

10 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 62,627 | 62,408
Later than one year and not later than five years | 19,052 | 13,978
| 81,679 | 76,386

The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2024 - £Nil).

Stratum Drilling Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

11 | Related party transactions

Transactions with directors Debtors include the following amounts which are owed from individuals who were directors of the company during the year:

2025 | At 1 October 2024 £ | Advances to director £ | At 30 September 2025 £
Mr Andrew Gilmour Robertson
Loan | - | 3,369 | 3,369
Mrs Laura Elizabeth Robertson
Loan | - | 3,349 | 3,349

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

| 2025 £ | 2024 £
Mr A G Robertson | - | 410
Mr W R Allen | 332 | 393
Mrs L E Robertson | - | -
Mrs L Allen | 331 | -
| 663 | 803

The maximum balance outstanding during the year amounted to £803.
The directors current accounts are repayable on demand.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Stratum Drilling Solutions Ltd
for the Year Ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Stratum Drilling Solutions Ltd for the year ended 30 September 2025 as set out on pages 2 to 9 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 http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Stratum Drilling Solutions Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Stratum Drilling Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Stratum Drilling Solutions Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stratum Drilling Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Stratum Drilling Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Stratum Drilling Solutions Ltd. You consider that Stratum Drilling Solutions 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 accounts of Stratum Drilling Solutions 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 accounts.

......................................
EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

11 March 2026