Company Registration No. 09568239 (England and Wales)
NIVASH PETROLEUM LIMITED
Unaudited accounts
for the year ended 30 April 2020
NIVASH PETROLEUM LIMITED
Unaudited accounts
Contents
NIVASH PETROLEUM LIMITED
Company Information
for the year ended 30 April 2020
Director
Mrs V NADANAKUMARAN
Company Number
09568239 (England and Wales)
Registered Office
40 HOLLAND AVENUE
CHEAM
SUTTON
SURREY
SM2 6HU
ENGLAND
Accountants
IRTS Business Solutions Limited
209 The Heights
Northolt
Middlesex
UB5 4BX
NIVASH PETROLEUM LIMITED
Statement of financial position
as at 30 April 2020
Tangible assets
659,202
671,915
Cash at bank and in hand
3,713
12,661
Creditors: amounts falling due within one year
(142,315)
(209,382)
Net current liabilities
(65,598)
(94,641)
Total assets less current liabilities
593,604
577,274
Creditors: amounts falling due after more than one year
(294,281)
(276,356)
Net assets
299,323
300,918
Called up share capital
100
100
Revaluation reserve
234,754
234,754
Profit and loss account
64,469
66,064
Shareholders' funds
299,323
300,918
For the year ending 30 April 2020 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 February 2021 and were signed on its behalf by
Mrs V NADANAKUMARAN
Director
Company Registration No. 09568239
NIVASH PETROLEUM LIMITED
Notes to the Accounts
for the year ended 30 April 2020
NIVASH PETROLEUM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09568239. The registered office is 40 HOLLAND AVENUE, CHEAM, SUTTON, SURREY, SM2 6HU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2019
666,250
37,455
703,705
At 30 April 2020
666,250
37,455
703,705
At 1 May 2019
26,650
5,140
31,790
Charge for the year
-
2,463
2,463
Surplus on revaluation
10,250
-
10,250
At 30 April 2020
36,900
7,603
44,503
At 30 April 2020
629,350
29,852
659,202
At 30 April 2019
639,600
32,315
671,915
NIVASH PETROLEUM LIMITED
Notes to the Accounts
for the year ended 30 April 2020
Trade debtors
10,704
21,520
Total debtors
10,704
21,520
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Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
84,967
90,477
Trade creditors
8,900
19,822
Taxes and social security
21,928
27,259
Loans from directors
25,870
71,174
7
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
204,927
223,171
Other creditors
89,354
53,185
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Average number of employees
During the year the average number of employees was 6 (2019: 7).
