Oil Applications Ltd 31/03/2018 iXBRL
Oil Applications Ltd 31/03/2018 iXBRL
Company registration number:
05045381
Unaudited filleted financial statements
OIL APPLICATIONS LTD
Contents
Statement of financial position
Notes to the financial statements
OIL APPLICATIONS LTD
STATEMENT OF FINANCIAL POSITION
31 MARCH 2018
Note | £ | £ | £ | £ | |||||
Current assets | |||||||||
Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 6 |
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_______ | _______ | ||||||||
Net current liabilities |
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(
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_______ | _______ | ||||||||
Total assets less current liabilities |
(
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(
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_______ | _______ | ||||||||
Net liabilities |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account | 7 |
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_______ | _______ | ||||||||
Shareholders deficit |
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_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
21 March 2019
, and are signed on behalf of the board by:
Director
Company registration number:
05045381
OIL APPLICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2018
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Petitor House, Nicholson Road, Torquay, Devonshire, TQ2 7TD.
Principal activity
The principal activity of the company is the development and sale of an oil filter and monitoring system.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to Nil (2017: Nil).
5.
Tangible assets
Fixtures, fittings and equipment | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2017 and 31 March 2018 |
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_______ | _______ | ||
Depreciation | |||
At 1 April 2017 and 31 March 2018 |
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_______ | _______ | ||
Carrying amount | |||
At 31 March 2018 | - | - | |
_______ | _______ | ||
At 31 March 2017 | - | - | |
_______ | _______ | ||
6.
Creditors: amounts falling due within one year
£ | £ | |||
Accruals and deferred income |
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Social security and other taxes | 9 | 9 | ||
Other creditors | 22,368 | 22,368 | ||
_______ | _______ | |||
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_______ | _______ | |||
7.
Reserves
8.
Directors advances, credits and guarantees
Balance brought forward and o/standing | Balance brought forward and o/standing | ||
Year | Year | ||
ended | ended | ||
£ | £ | ||
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_______ | _______ | ||