Company No: SC368821 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2026		31.03.2025
		£		£
Fixed assets
Tangible assets	3	209,713		213,238
Investments	4	147,189		143,949
		356,902		357,187
Current assets
Stocks		747,219		447,774
Debtors	5	1,109,656		1,596,946
Investments	6	2,375		2,375
Cash at bank and in hand		401,141		595,104
		2,260,391		2,642,199
Creditors: amounts falling due within one year	7	( 656,059)		( 1,157,539)
Net current assets		1,604,332		1,484,660
Total assets less current liabilities		1,961,234		1,841,847
Creditors: amounts falling due after more than one year	8	( 28,924)		( 35,030)
Provision for liabilities	9	( 24,327)		( 24,548)
Net assets		1,907,983		1,782,269
Capital and reserves
Called-up share capital	10	85		85
Capital redemption reserve		15		15
Profit and loss account		1,907,883		1,782,169
Total shareholders' funds		1,907,983		1,782,269

For the financial year ending 31 March 2026 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Lionrock Energy Services Limited (registered number: SC368821) were approved and authorised for issue by the Board of Directors on 15 September 2026. They were signed on its behalf by:

David Mitra Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Lionrock Energy Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Unit 5 1 International Avenue, Abz Business Park, Aberdeen, AB21 0BH, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	4 years straight line
Fixtures and fittings	3 - 10 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the Company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials purchased.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand with original maturities of three months or less.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	Year ended 31.03.2026		Period from 01.03.2024 to 31.03.2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		9

3. Tangible assets

	Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2025	153,779		132,854		49,657		336,290
Additions	50,975		0		7,773		58,748
Disposals	( 65,590)		0		0		( 65,590)
At 31 March 2026	139,164		132,854		57,430		329,448
Accumulated depreciation
At 01 April 2025	54,047		28,918		40,087		123,052
Charge for the financial year	35,360		13,961		9,983		59,304
Disposals	( 62,621)		0		0		( 62,621)
At 31 March 2026	26,786		42,879		50,070		119,735
Net book value
At 31 March 2026	112,378		89,975		7,360		209,713
At 31 March 2025	99,732		103,936		9,570		213,238

4. Fixed asset investments

Investments in subsidiaries

	31.03.2026
	£
Cost
At 01 April 2025	1
At 31 March 2026	1
Carrying value at 31 March 2026	1
Carrying value at 31 March 2025	1

	Loans		Total
	£		£
Cost or valuation before impairment
At 01 April 2025	143,948		143,948
Additions	3,240		3,240
At 31 March 2026	147,188		147,188
Carrying value at 31 March 2026	147,188		147,188
Carrying value at 31 March 2025	143,948		143,948

5. Debtors

	31.03.2026		31.03.2025
	£		£
Trade debtors	960,423		1,496,799
Amounts owed by directors	0		4,317
Prepayments	12,980		12,266
VAT recoverable	113,440		79,638
Other debtors	22,813		3,926
	1,109,656		1,596,946

6. Current asset investments

	31.03.2026		31.03.2025
	£		£
Other investments – at cost less impairment	2,375		2,375

7. Creditors: amounts falling due within one year

	31.03.2026		31.03.2025
	£		£
Trade creditors	390,313		854,807
Amounts owed to own subsidiaries	1		1
Corporation tax	164,383		239,156
Other taxation and social security	5,549		5,095
Obligations under finance leases and hire purchase contracts	6,107		6,107
Other creditors	89,706		52,373
	656,059		1,157,539

The bank hold a floating charge over the company's assets and undertakings.

Obligations under finance leases are secured over the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	31.03.2026		31.03.2025
	£		£
Obligations under finance leases and hire purchase contracts	28,924		35,030

Obligations under finance leases are secured over the assets to which they relate.

9. Provision for liabilities

	31.03.2026		31.03.2025
	£		£
Deferred tax	24,327		24,548

10. Called-up share capital

	31.03.2026		31.03.2025
	£		£
Allotted, called-up and fully-paid
85 Ordinary shares of £ 1.00 each	85		85

11. Financial commitments

Other financial commitments

	31.03.2026		31.03.2025
	£		£
Total commitments under non-cancellable operating leases not provided for in the accounts	127,329		167,851

12. Related party transactions

Transactions with the entity's directors

	31.03.2026		31.03.2025
	£		£
Directors loan account	0		4,317

The above loan is interest free and there are no fixed terms of repayment in place.