NRG Well Management Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: SC332271

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	4	1,055,673		986,954
Cash at bank and in hand		86,329		92,864

		1,142,002		1,079,818
Creditors: Amounts Falling Due Within One Year	5	(544,237 )		(597,633 )

NET CURRENT ASSETS (LIABILITIES)			597,765		482,185

TOTAL ASSETS LESS CURRENT LIABILITIES			597,765		482,185

NET ASSETS			597,765		482,185

CAPITAL AND RESERVES
Called up share capital	6		500		500
Profit and Loss Account			597,265		481,685

SHAREHOLDERS' FUNDS			597,765		482,185

For the year ending 30 April 2026 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 Profit and Loss Account.

On behalf of the board

Mr D Mackay

Director

05/11/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

NRG Well Management Limited is a private company, limited by shares, incorporated in Scotland, registered number SC332271 . The registered office is 8 Albyn Terrace, Aberdeen, AB10 1YP.

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 rendering of services.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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 profit.

2.4. Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 2)

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NRG Well Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

4. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	657,054	851,020
Amounts owed by group undertakings	311,547	65,659
Amounts owed by participating interests	76,752	70,275
Other debtors	10,320	-

	1,055,673	986,954

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	433,943	404,699
Amounts owed to group undertakings	-	185,441
Other creditors	1	1
Taxation and social security	110,293	7,492

	544,237	597,633

6. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	500	500

7. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	16,800	-

	16,800	-

8. Related Party Transactions

During the year the company increased the amount loaned to the NRG Holdings Limited (parent company) by £97,531 leaving a balance of £163,190 (2025 £65,659). This loan is unsecured, interest free and repayable on demand.

During the year NRG Well Examination Ltd (a company under common control) decreased the amount loaned to the company by £185,441 leaving a balance of £nil (2025 185,441).

During the year the company made a loan to NRG Well Examination Ltd (a company under common control) of £148,356, the balance at the year end was £148,356. This loan is unsecured, interest free and repayable on demand.

During the year the company increased the amount loaned to NRG Well Management International Ltd (a company uner common control) by £6,477 leaving a balance of £76,752 (2025 £70,275). This loan is unsecured, interest free and repayable on demand.

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