Accounts filed on 28-02-2015


Registered number: 05713931






Oilfinders International (UK) Limited


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28/02/2015
























Prepared By:
Dovey Accountancy Services Limited
Chartered Certified Accountants
Heyford Park House
Heyford Park
Upper Heyford
Bicester
OX25 5HD


Oilfinders International (UK) Limited


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 28/02/2015

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 05713931


Registered Number: 05713931

BALANCE SHEET AT 28/02/2015

			2015		2014
	Notes		£		£

FIXED ASSETS
Tangible assets	2		478		218

CURRENT ASSETS
Debtors (amounts falling due within one year)	3	1,389		3,858
Cash at bank and in hand		150,842		167,359
		152,231		171,217
CREDITORS: Amounts falling due within one year		15,261		16,616
NET CURRENT ASSETS			136,970		154,601
TOTAL ASSETS LESS CURRENT LIABILITIES			137,448		154,819

CAPITAL AND RESERVES

Called up share capital	4		1		1
Profit and loss account			137,447		154,818
SHAREHOLDERS' FUNDS			137,448		154,819

For the year ending 28/02/2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 19/11/2015 and signed on their behalf by




Mr R Kleiber
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		straight line 33%




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2015	2014
	£	£

Amounts falling due within one year:
VAT	1,043	1,035
Other Tax	346	-
Other debtors	-	2,823
	1,389	3,858




4. SHARE CAPITAL	2015	2014
	£	£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each	1	1
	1	1




5. CONTROLLING PARTY
The company's ultimate controlling party is Mr R Kleiber, the company's director, by way of his holding of 100% of the company's issued share capital.