Nardone Oilfield Industry Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11803330 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

NARDONE OILFIELD INDUSTRY SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Nardone

Mrs R T Nardone

REGISTERED OFFICE:

33 King John Road

Gillingham

Dorset

SP8 4PG

REGISTERED NUMBER:

11803330 (England and Wales)

ACCOUNTANT:

Simon Glendinning FCA

34 Westfield

Bradninch

Exeter

Devon

EX5 4QU

FIXED ASSETS

Tangible assets

4

1,813

15,088

Investments

5

2,222

4,035

17,310

CURRENT ASSETS

Debtors

6

1,799

2,385

Cash at bank and in hand

96,852

118,607

98,651

120,992

CREDITORS

Amounts falling due within one year

7

11,050

3,006

NET CURRENT ASSETS

87,601

117,986

TOTAL ASSETS LESS CURRENT LIABILITIES

91,636

135,296

PROVISIONS FOR LIABILITIES

344

505

NET ASSETS

91,292

134,791

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

91,290

134,789

91,292

134,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 27 May 2026 and were signed on its behalf by:

Mr P Nardone - Director

Mrs R T Nardone - Director

1.	STATUTORY INFORMATION

Nardone Oilfield Industry 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 each asset over its estimated useful life.

Short leasehold

-

10% on cost

Office equipment

-

15% on reducing balance

Computer equipment

-

25% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Short

Office

Computer

leasehold

equipment

Totals

£

COST

At 1 April 2025

19,059

2,132

3,816

25,007

Additions

-

2,077

Disposals

(19,059

)

(1,642

)

(2,059

)

(22,760

)

At 31 March 2026

-

490

3,834

4,324

DEPRECIATION

At 1 April 2025

5,718

824

3,377

9,919

Charge for year

-

45

959

1,004

Eliminated on disposal

(5,718

)

(635

)

(2,059

)

(8,412

)

At 31 March 2026

-

234

2,277

2,511

NET BOOK VALUE

At 31 March 2026

-

256

1,557

1,813

At 31 March 2025

13,341

1,308

439

15,088

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2025

and 31 March 2026

2,222

NET BOOK VALUE

At 31 March 2026

2,222

At 31 March 2025

2,222

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

1,799

2,385

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Tax

7,930

617

Directors' current accounts

1,020

413

Accrued expenses

2,100

1,976

11,050

3,006