Petroleum Equipment Supply Engineering Company Limited, AB10 1PS

Description

Data updated on: 01-11-2023

Petroleum Equipment Supply Engineering Company Limited has been on the local market for twenty six years. Started with Companies House Reg No. SC190923 in 1998, it is registered at 12-16 Albyn Place, Aberdeen city centre AB10 1PS. The firm's SIC and NACE codes are 6100 meaning Extraction of crude petroleum. Petroleum Equipment Supply Engineering Company Ltd filed its account information for the financial period up to Sat, 31st Dec 2022. The latest annual confirmation statement was filed on Tue, 1st Nov 2022.

There's a group of two directors controlling this particular company at present, namely Maarten B. and Ilirjana B. who have been carrying out the directors tasks since April 2020. At least one secretary in this firm is a limited company: Raeburn Christie Clark & Wallace Llp.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency	USD	USD	USD	USD	USD	USD

Balance Sheet
Cash Bank On Hand	324 323	628 278	325 826	60 940	172 177	837 225
Current Assets	1 038 397	1 551 328	15 214 537	7 275 626	6 023 131	11 987 591
Debtors	705 033	923 050	14 801 433	5 949 482	5 288 240	10 941 513
Net Assets Liabilities	-1 987 550	700 802	3 599 292
Other Debtors	21 456	14 649	170 830		49 586	176 526
Property Plant Equipment	11 417	20 073	55 455	37 787	18 791	722
Total Inventories	9 041		87 278	1 265 204	562 714	208 853

Other Financial Data
Audit Fees Expenses	25 767	13 088	20 977	15 316	17 526	13 735
Accrued Liabilities Deferred Income	59 079	77 352	5 656 527	2 201 690	1 601 368	4 123 238
Accumulated Depreciation Impairment Property Plant Equipment	196 584	209 617	231 205	249 285	269 205	100 168
Acquired Through Business Combinations Property Plant Equipment		21 689	56 970	412	924
Administrative Expenses	1 921 916	1 785 292	1 830 136	1 805 966	1 862 207	1 851 067
Amounts Owed By Group Undertakings	129 741	191 841	1 815 197	3 101 744	3 978 327	6 550 835
Amounts Owed To Group Undertakings	1 853 671		3 042 225		742 824
Average Number Employees During Period	10	8	9	8	8	8
Bank Borrowings Overdrafts			616 085	660 506	277 872	571 572
Capital Reduction Decrease In Equity		1 860 342
Corporation Tax Payable	32 750	33 750	167 500	46 520		17 500
Corporation Tax Recoverable					171 249	40 121
Cost Sales	5 436 155	6 445 016	9 254 287	10 898 318	8 095 535	15 485 636
Creditors	2 777 364	610 599	11 670 700	4 081 887	3 596 493	8 649 439
Current Tax For Period	32 750	33 750	132 500	43 374	-171 249	17 500
Depreciation Expense Property Plant Equipment	7 610	13 033	21 588	18 080	19 920	2 255
Double Taxation Relief			37 458
Finished Goods Goods For Resale	9 041		87 278	1 265 204	562 714	208 853
Further Item Tax Increase Decrease Component Adjusting Items	32 750	33 750	-2 192	43 374	-171 249	40 121
Future Minimum Lease Payments Under Non-cancellable Operating Leases		36 290	174 377	125 027	85 087	24 689
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	-49 208	-19 651	9 697	-46 323	18 764	27 872
Gain Loss On Disposals Property Plant Equipment	6 362
Gross Profit Loss	885 196	2 447 739	4 896 661	1 490 372	908 685	2 875 173
Increase Decrease In Current Tax From Adjustment For Prior Periods					-10 500	110 000
Increase From Depreciation Charge For Year Property Plant Equipment		13 033	21 588	18 080	19 920	2 255
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings				8 826	14 592	3 262
Interest Income On Bank Deposits	271	58 785	39	28	268	101
Interest Payable Similar Charges Finance Costs				8 826	14 592	3 262
Issue Equity Instruments		1 860 469
Net Current Assets Liabilities	-1 738 967	940 729	3 543 837	3 193 739	2 426 638	3 338 152
Number Shares Issued Fully Paid		100
Operating Profit Loss	-1 036 720	802 848	3 066 525	-315 594	-953 522	1 024 106
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment						171 292
Other Disposals Property Plant Equipment						187 106
Other Interest Receivable Similar Income Finance Income	271	58 785	39	28	268	101
Other Operating Income Format1		140 401
Other Provisions Balance Sheet Subtotal		260 000
Other Taxation Social Security Payable	20 305	25 978	30 550	41 090	12 004	18 912
Par Value Share		1
Prepayments Accrued Income	57 537	86 270	3 761 188	633 022	61 250	2 054 325
Profit Loss	-1 069 199	827 883	2 898 490	-367 766	-786 097	893 445
Profit Loss On Ordinary Activities Before Tax	-1 036 449	861 633	3 066 564	-324 392	-967 846	1 020 945
Property Plant Equipment Gross Cost	208 001	229 690	286 660	287 072	287 996	100 890
Provisions For Liabilities Balance Sheet Subtotal	260 000	260 000
Social Security Costs	63 325	68 702	83 332	50 924	35 389	40 033
Tax Decrease From Utilisation Tax Losses		158 224	371 470
Tax Expense Credit Applicable Tax Rate		163 710	582 647			193 980
Tax Increase Decrease From Effect Capital Allowances Depreciation	1 465	-3 282	-45 315
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	-2 778	-2 204	4 404			3 399
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward	200 829
Tax Tax Credit On Profit Or Loss On Ordinary Activities	32 750	33 750	168 074	43 374	-181 749	127 500
Total Assets Less Current Liabilities	-1 727 550	960 802	3 599 292	3 231 526	2 445 429	3 338 874
Total Current Tax Expense Credit		33 750	168 074	43 374	-181 749	127 500
Total Operating Lease Payments	212 657	158 277	192 259	146 067	184 786	212 954
Trade Creditors Trade Payables	811 559	473 519	2 157 813	1 132 081	962 425	3 918 217
Trade Debtors Trade Receivables	496 299	630 290	9 054 218	2 214 716	1 027 828	2 119 706
Turnover Revenue	6 321 351	8 892 755	14 150 948	12 388 690	9 004 220	18 360 809
Company Contributions To Defined Benefit Plans Directors	31 097	15 943	19 007	11 461
Director Remuneration			260 058	150 271
Director Remuneration Benefits Including Payments To Third Parties		412 862	279 065	188 094
Further Item Director Remuneration Benefits Component Total Director Remuneration Benefits Excluding Payments To Third Parties				26 362