Abbreviated Company Accounts - AFS PETROLEUM LIMITED

AFS PETROLEUM LIMITED - Company Information

07815065 AFS PETROLEUM LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 07815065 2015-04-01 2016-03-31 07815065 2016-03-31 07815065 2015-03-31 07815065 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07815065 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07815065

AFS PETROLEUM LIMITED

Abbreviated Accounts

31 March 2016

AFS PETROLEUM LIMITED Registered Number 07815065

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Current assets
Debtors		155	-
Cash at bank and in hand		10,184	12,481
		10,339	12,481
Creditors: amounts falling due within one year		(1,476)	(2,328)
Net current assets (liabilities)		8,863	10,153
Total assets less current liabilities		8,863	10,153
Total net assets (liabilities)		8,863	10,153
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		8,763	10,053
Shareholders' funds		8,863	10,153

For the year ending 31 March 2016 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 20 December 2016

And signed on their behalf by:
Mr J Ford, Director

AFS PETROLEUM LIMITED Registered Number 07815065

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2 Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).
1.3 Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100