Bio Fuels and Oils Limited - Accounts to registrar (filleted) - small 18.2
Bio Fuels and Oils Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2018 |
| FOR |
| BIO FUELS AND OILS LIMITED |
| BIO FUELS AND OILS LIMITED (REGISTERED NUMBER: 07800055) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BIO FUELS AND OILS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Copia House |
| Great Cliffe Court |
| Great Cliffe Road |
| Barnsley |
| South Yorkshire |
| S75 3SP |
| BANKERS: |
| 70 Pall Mall |
| London |
| SW1Y 5EY |
| SOLICITORS: |
| Lacon House |
| 84 Theobald's Road |
| London |
| WC1X 8RW |
| BIO FUELS AND OILS LIMITED (REGISTERED NUMBER: 07800055) |
| BALANCE SHEET |
| 31 OCTOBER 2018 |
| 31.10.18 | 31.10.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Inventories | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| BIO FUELS AND OILS LIMITED (REGISTERED NUMBER: 07800055) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| 1. | STATUTORY INFORMATION |
| Bio Fuels and Oils Limited is a |
| 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 |
| Turnover |
| Revenue 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 |
| Stocks |
| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| BIO FUELS AND OILS LIMITED (REGISTERED NUMBER: 07800055) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| Additions |
| At 31 October 2018 |
| DEPRECIATION |
| Charge for year |
| At 31 October 2018 |
| NET BOOK VALUE |
| At 31 October 2018 |
| 5. | INVENTORIES |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Trade debtors |
| Amounts owed by participating interests | 138,887 | 39,739 |
| Directors' current accounts | 10,471 | 4,560 |
| Prepayments and other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Trade creditors |
| Amounts owed to participating interests | 131,067 | 131,067 |
| Taxation and social security |
| Other creditors |
| BIO FUELS AND OILS LIMITED (REGISTERED NUMBER: 07800055) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 October 2018 and |
| 31 October 2017: |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 9. | RELATED PARTY DISCLOSURES |
| During previous years the company received loans from Mr G Salem who is a director of the company. An |
| amount of £131,067 (2017: £131,067) remained outstanding at the year end. |
| Additional loans were made to CC Consulting Limited, a company controlled by the director Mr C Campbell |
| during the year. At the year end an amount of £88,222 remained outstanding (2017: £34,222). The company also |
| paid consultancy fees to CC Consulting Limited in the amount of £39,000 (2017: £39,000). |
| During the year the company made supplies to Bio Fuels Distribution Limited, a company controlled by the |
| directors Mr G Salem and Mr C Campbell in the amount of £527,739 (2017: £290,321). An amount of £50,665 |
| (2017: £5,516) remained outstanding at the year end. |