Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 SC529022 M Stephen NXG Global Group Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC529022 2024-12-31 SC529022 2025-12-31 SC529022 2025-01-01 2025-12-31 SC529022 frs-core:CurrentFinancialInstruments 2025-12-31 SC529022 frs-core:Non-currentFinancialInstruments 2025-12-31 SC529022 frs-core:BetweenOneFiveYears 2025-12-31 SC529022 frs-core:ComputerEquipment 2025-12-31 SC529022 frs-core:ComputerEquipment 2025-01-01 2025-12-31 SC529022 frs-core:ComputerEquipment 2024-12-31 SC529022 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 SC529022 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 SC529022 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 SC529022 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 SC529022 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 SC529022 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 SC529022 frs-core:PlantMachinery 2025-12-31 SC529022 frs-core:PlantMachinery 2025-01-01 2025-12-31 SC529022 frs-core:PlantMachinery 2024-12-31 SC529022 frs-core:WithinOneYear 2025-12-31 SC529022 frs-core:ShareCapital 2025-12-31 SC529022 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 SC529022 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC529022 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 SC529022 frs-bus:SmallEntities 2025-01-01 2025-12-31 SC529022 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC529022 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC529022 1 2025-01-01 2025-12-31 SC529022 frs-bus:Director1 2025-01-01 2025-12-31 SC529022 frs-countries:Scotland 2025-01-01 2025-12-31 SC529022 2023-12-31 SC529022 2024-12-31 SC529022 2024-01-01 2024-12-31 SC529022 frs-core:CurrentFinancialInstruments 2024-12-31 SC529022 frs-core:Non-currentFinancialInstruments 2024-12-31 SC529022 frs-core:BetweenOneFiveYears 2024-12-31 SC529022 frs-core:WithinOneYear 2024-12-31 SC529022 frs-core:ShareCapital 2024-12-31 SC529022 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: SC529022
NXG Drilling Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director M Stephen
Company Number SC529022
Registered Office Ness Point, Blackness Road
Altens Industrial Estate
Aberdeen
AB12 3LH
Page 1
Page 2
Balance Sheet
Registered number: SC529022
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 2,223,165
Tangible Assets 5 139,583 165,772
139,583 2,388,937
CURRENT ASSETS
Stocks 6 83,419 1,830,030
Debtors 7 13,335,874 10,189,674
Cash at bank and in hand 628 5,712
13,419,921 12,025,416
Creditors: Amounts Falling Due Within One Year 8 (9,672,647 ) (9,492,895 )
NET CURRENT ASSETS (LIABILITIES) 3,747,274 2,532,521
TOTAL ASSETS LESS CURRENT LIABILITIES 3,886,857 4,921,458
Creditors: Amounts Falling Due After More Than One Year 9 (12,474 ) (55,756 )
NET ASSETS 3,874,383 4,865,702
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 3,874,283 4,865,602
SHAREHOLDERS' FUNDS 3,874,383 4,865,702
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Page 3
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 director acknowledges his 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
M Stephen
Director
20th August 2026
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
NXG Drilling Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC529022 . The registered office is Ness Point, Blackness Road, Altens Industrial Estate, Aberdeen, AB12 3LH.
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, excluding discounts, rebates, value
added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Development costs will be amortised evenly over their estimated useful life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if
held under a finance lease, over the lease term, whichever is the shorter:
Leasehold 50% on cost
Plant & Machinery 10% on cost
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.
2.7. 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.
2.8. Pensions
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.
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3. Average Number of Employees
Average number of employees, including directors, during the period was 15 (2024: 15)
15 15
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2025 2,223,165
Disposals (2,223,165 )
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 -
As at 1 January 2025 2,223,165
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 146,456 250,000 47,578 444,034
As at 31 December 2025 146,456 250,000 47,578 444,034
Depreciation
As at 1 January 2025 146,456 85,417 46,389 278,262
Provided during the period - 25,000 1,189 26,189
As at 31 December 2025 146,456 110,417 47,578 304,451
Net Book Value
As at 31 December 2025 - 139,583 - 139,583
As at 1 January 2025 - 164,583 1,189 165,772
6. Stocks
2025 2024
£ £
Stock 83,419 1,830,030
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 926,396 2,159,676
Amounts owed by group undertakings 11,967,391 6,846,816
Other debtors 442,087 1,183,182
13,335,874 10,189,674
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 44,929 44,929
Trade creditors 642,349 539,627
Amounts owed to group undertakings 8,025,544 8,293,185
Amounts owed to participating interests 100 100
Other creditors 880,793 480,410
Taxation and social security 78,932 134,644
9,672,647 9,492,895
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,474 55,756
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 44,929 44,929
Later than one year and not later than five years 12,474 55,756
57,403 100,685
57,403 100,685
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Ultimate Controlling Party
The company's controlling party is NXG Global Group Limited .
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