Intervention And Coiled Tubing Association Limited

	Page
Accountants' Report	1
Balance Sheet	2
Notes to the Financial Statements	3—4

Report to the directors on the preparation of the unaudited statutory accounts of Intervention And Coiled Tubing Association Limited for the year ended 31 December 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Intervention And Coiled Tubing Association Limited which comprise the Income and Expenditure Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Intervention And Coiled Tubing Association Limited , 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 Intervention And Coiled Tubing Association Limited and state those matters that we have agreed to state to the directors of Intervention And Coiled Tubing Association Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Intervention And Coiled Tubing Association Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Intervention And Coiled Tubing Association Limited 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 or loss of Intervention And Coiled Tubing Association Limited . You consider that Intervention And Coiled Tubing Association Limited 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 Intervention And Coiled Tubing Association Limited . 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 financial statements.

21 August 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Intervention And Coiled Tubing Association Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: SC153819

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,146		-

			10,146		-
CURRENT ASSETS
Debtors	5	100,384		52,054
Cash at bank and in hand		499,426		586,033

		599,810		638,087
Creditors: Amounts Falling Due Within One Year	6	(103,720 )		(5,287 )

NET CURRENT ASSETS (LIABILITIES)			496,090		632,800

TOTAL ASSETS LESS CURRENT LIABILITIES			506,236		632,800

NET ASSETS			506,236		632,800

Income and Expenditure Account			506,236		632,800

MEMBERS' FUNDS			506,236		632,800

For the year ending 31 December 2025 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 Income and Expenditure Account.

The financial statements were approved by the board of directors on 21 August 2026 and were signed on its behalf by:

Mr B Larkins

Director

The notes on pages 3 to 4 form part of these financial statements.

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Intervention And Coiled Tubing Association Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Intervention And Coiled Tubing Association Limited is a private company, limited by guarantee, incorporated in Scotland, registered number SC153819 . The registered office is C/O Nuvo Scotland Limited, Bankhead Drive, City South Office Park, Portlethen, Aberdeen, AB12 4XX.

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Computer Equipment

33% on cost

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	-
Additions	11,764

As at 31 December 2025	11,764

Depreciation
As at 1 January 2025	-
Provided during the period	1,618

As at 31 December 2025	1,618

Net Book Value
As at 31 December 2025	10,146

As at 1 January 2025	-

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Intervention And Coiled Tubing Association Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	77,598	36,825
Prepayments and accrued income	3,331	-
Other debtors	-	306
VAT	19,455	14,923

	100,384	52,054

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,153	-
Norwegian VAT	(7,620 )	1,152
Accruals and deferred income	103,187	4,135

	103,720	5,287

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

8. Exceptional Items

During the year, the company recognised the following exceptional items:

	2025	2024
	£	£
Correction of opening balance reserve	915
Unknown balance not matching bank statement	7,102

	8,017	-

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