Company Registration No. 12721014 (England and Wales)
MILLION BARRELS LTD
Unaudited accounts
for the year ended 31 July 2022
MILLION BARRELS LTD
Unaudited accounts
Contents
MILLION BARRELS LTD
Company Information
for the year ended 31 July 2022
Directors
Murtaza Fakhruddin Amin
Alefiya Amin
Company Number
12721014 (England and Wales)
Registered Office
51 ALBACORE WAY
HAYES
UB3 2FS
ENGLAND
Accountants
QP Accountants Ltd
97 Shelley Crescent
Hounslow
TW5 9BH
MILLION BARRELS LTD
Statement of financial position
as at 31 July 2022
Cash at bank and in hand
74,525
25,667
Creditors: amounts falling due within one year
(12,143)
(20,245)
Net current assets
88,947
52,344
Called up share capital
1
1
Profit and loss account
88,946
52,343
Shareholders' funds
88,947
52,344
For the year ending 31 July 2022 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 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 of Directors and authorised for issue on 24 April 2023 and were signed on its behalf by
Murtaza Fakhruddin Amin
Director
Company Registration No. 12721014
MILLION BARRELS LTD
Notes to the Accounts
for the year ended 31 July 2022
MILLION BARRELS LTD is a private company, limited by shares, registered in England and Wales, registration number 12721014. The registered office is 51 ALBACORE WAY, HAYES, UB3 2FS, 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.
Amounts falling due within one year
Trade debtors
22,921
45,660
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
9,078
12,796
Loans from directors
74
5,137
6
Average number of employees
During the year the average number of employees was 2 (2021: 1).
