Petrex (London) Limited - Abbreviated accounts 16.1
Petrex (London) Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 September 2016 |
| for |
| Petrex (London) Limited |
| Petrex (London) Limited (Registered number: 01445620) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 September 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Petrex (London) Limited |
| Company Information |
| for the Year Ended 30 September 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Petrex (London) Limited (Registered number: 01445620) |
| Abbreviated Balance Sheet |
| 30 September 2016 |
| 30.9.16 | 30.9.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| 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. |
| Petrex (London) Limited (Registered number: 01445620) |
| Abbreviated Balance Sheet - continued |
| 30 September 2016 |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| Petrex (London) Limited (Registered number: 01445620) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 September 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in |
| accordance with the Financial Reporting Standard for Smaller Entities (effective January |
| 2015). |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales and services |
| rendered during the year. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates |
| calculated to write off the cost less estimated residual value of each asset over its expected |
| useful life, as follows: |
| Fixtures & fittings 25% reducing balance |
| Computer equipment 25% reducing balance |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the balance sheet date. Deferred tax is not recognised when assets are revalued |
| unless, by the balance sheet date, the company has entered into a binding agreement to sell |
| the assets and recognised the gains and losses expected to rise on sale or where assets |
| have been sold and it is expected that the taxable gain will be rolled over into a replacement |
| asset. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of |
| exchange ruling at the balance sheet date. Transactions in foreign currencies are translated |
| into sterling at the rate of exchange ruling at the date of transaction. Exchange differences |
| are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight |
| line basis over the period of the lease. |
| Petrex (London) Limited (Registered number: 01445620) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2015 |
| and 30 September 2016 |
| DEPRECIATION |
| At 1 October 2015 |
| Charge for year |
| At 30 September 2016 |
| NET BOOK VALUE |
| At 30 September 2016 |
| At 30 September 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.16 | 30.9.15 |
| value: | £ | £ |
| Ordinary Class A | £1 |
| Ordinary Class B | £1 |
| 100 | 100 |
| 4. | ULTIMATE CONTROLLING PARTIES |
| The ultimate controlling parties are P H Whiteside and D L Whiteside. |