REGISTERED NUMBER: SC524962 (Scotland)

Financial Statements for the Year Ended 31 January 2026

for

Oilfield Production Enhancement

Consulting Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B Bocaneala

Mrs M Bocaneala

REGISTERED OFFICE:

8 Abbotshall Road

Cults

Aberdeen

AB15 9HT

REGISTERED NUMBER:

SC524962 (Scotland)

ACCOUNTANTS:

Findlay Brown

on behalf of Goldwells ltd

53 Huntly Street

Aberdeen

AB10 1TH

FIXED ASSETS

Tangible assets

4

43,610

53,515

CURRENT ASSETS

Debtors

5

3,417,443

3,294,422

Cash at bank

1,870,521

1,215,391

5,287,964

4,509,813

CREDITORS

Amounts falling due within one year

6

443,866

761,767

NET CURRENT ASSETS

4,844,098

3,748,046

TOTAL ASSETS LESS CURRENT LIABILITIES

4,887,708

3,801,561

PROVISIONS FOR LIABILITIES

2,224

2,806

NET ASSETS

4,885,484

3,798,755

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,885,384

3,798,655

SHAREHOLDERS' FUNDS

4,885,484

3,798,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 20 October 2026 and were signed on its behalf by:

B Bocaneala - Director

Mrs M Bocaneala - Director

1.	STATUTORY INFORMATION

Oilfield Production Enhancement Consulting 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.

Plant and machinery etc

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

91,287

Additions

893

At 31 January 2026

92,180

DEPRECIATION

At 1 February 2025

37,772

Charge for year

10,798

At 31 January 2026

48,570

NET BOOK VALUE

At 31 January 2026

43,610

At 31 January 2025

53,515

5.

DEBTORS

31.1.26

31.1.25

£

£

Amounts falling due within one year:

Trade debtors

627,594

509,931

Other debtors

789,849

784,491

1,417,443

1,294,422

Amounts falling due after more than one year:

Other debtors

2,000,000

2,000,000

Aggregate amounts

3,417,443

3,294,422

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

13,073

23,020

Taxation and social security

401,043

732,646

Other creditors

29,750

6,101

443,866

761,767

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

Mrs M Bocaneala and B Bocaneala

Balance outstanding at start of year

1,996,156

996,740

Amounts advanced

466

1,000,000

Amounts repaid

(575

)

(584

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,996,047

1,996,156

The Directors entered into loan agreements with the Company and pay interest annually at the official rate.The end date is 2048 but may be called up early at the Directors' discretion.