REGISTERED NUMBER: SC465447 (Scotland)

Financial Statements for the Year Ended 31 December 2025

for

Craigward Petroleum Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Beck

Mrs P Beck

SECRETARY:

REGISTERED OFFICE:

6 , Baillieswells Road

Aberdeen

AB15 9AP

REGISTERED NUMBER:

SC465447 (Scotland)

ACCOUNTANTS:

A J Croll & Company

19 Bon Accord Crescent

Aberdeen

Aberdeenshire

AB11 6DE

FIXED ASSETS

Tangible assets

4

47,205

32,399

CURRENT ASSETS

Debtors

5

13,304

16,065

Cash at bank

540,224

560,504

553,528

576,569

CREDITORS

Amounts falling due within one year

6

56,942

52,356

NET CURRENT ASSETS

496,586

524,213

TOTAL ASSETS LESS CURRENT LIABILITIES

543,791

556,612

PROVISIONS FOR LIABILITIES

1,420

946

NET ASSETS

542,371

555,666

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

541,871

555,166

SHAREHOLDERS' FUNDS

542,371

555,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2026 and were signed on its behalf by:

Mr A Beck - Director

1.	STATUTORY INFORMATION

Craigward Petroleum Services Limited 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.

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.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

1,159

89,665

5,316

96,140

Additions

599

47,295

-

47,894

Disposals

-

(51,190

)

-

(51,190

)

At 31 December 2025

1,758

85,770

5,316

92,844

DEPRECIATION

At 1 January 2025

615

57,909

5,217

63,741

Charge for year

364

14,545

49

14,958

Eliminated on disposal

-

(33,060

)

-

(33,060

)

At 31 December 2025

979

39,394

5,266

45,639

NET BOOK VALUE

At 31 December 2025

779

46,376

50

47,205

At 31 December 2024

544

31,756

99

32,399

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

13,304

16,065

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Taxation and social security

39,905

36,573

Other creditors

17,037

15,783

56,942

52,356

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Beck.