Oil Tank Replacement Services Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 05165254

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Cash at bank and in hand		394,274		381,658

		394,274		381,658
Creditors: Amounts Falling Due Within One Year	7	(33,571 )		(16,562 )

NET CURRENT ASSETS (LIABILITIES)			360,703		365,096

TOTAL ASSETS LESS CURRENT LIABILITIES			360,703		365,096

NET ASSETS			360,703		365,096

CAPITAL AND RESERVES
Called up share capital	8		200		200
Profit and Loss Account			360,503		364,896

SHAREHOLDERS' FUNDS			360,703		365,096

For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Reece O'Brien

Director

7th July 2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Oil Tank Replacement Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05165254 . The registered office is 94 Gordon Field, Market Rasen, LN8 3AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on cost
Motor Vehicles	25% on cost

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	4	4

	4	4

Page 2

Page 3

Oil Tank Replacement Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 July 2025	17,000

As at 30 June 2026	17,000

Depreciation
As at 1 July 2025	17,000

As at 30 June 2026	17,000

Net Book Value
As at 30 June 2026	-

As at 1 July 2025	-

5. Stocks

	2026		2025
	£		£

6. Debtors

	2026	2025
	£	£
Due within one year

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Corporation tax	24,682	9,751
Other taxes and social security	1,152	24
VAT	6,119	4,386
Accruals and deferred income	500	500
Directors' loan accounts	1,118	1,901

	33,571	16,562

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	200	200

9. Ultimate Controlling Party

The company's ultimate controlling party is the Directors by virtue of their ownership of 100% of the issued share capital in the company.