PETRO VECTOR LIMITED

PETRO VECTOR LIMITED

PETRO VECTOR LIMITED - Company Information

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Company Registration No. 7364895 (England and Wales)
PETRO VECTOR LIMITED Unaudited accounts for the year ended 31 December 2016
PETRO VECTOR LIMITED Unaudited accounts Contents
Page
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PETRO VECTOR LIMITED Company Information for the year ended 31 December 2016
Director
GRAHAM MOORE
Company Number
7364895 (England and Wales)
Registered Office
7 Westwood Road Maidstone Kent ME15 6BB UK
Accountants
WELLER WILSON PARTNERSHIP 7 Westwood Road Maidstone Kent ME15 6BB
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PETRO VECTOR LIMITED Statement of financial position as at 31 December 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
5,983 
7,296 
Current assets
Debtors
5
5,271 
18,069 
Cash at bank and in hand
6,611 
2,092 
11,882 
20,161 
Creditors: amounts falling due within one year
6
(24,278)
(23,323)
Net current liabilities
(12,396)
(3,162)
Net (liabilities)/assets
(6,413)
4,134 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(6,513)
4,034 
Shareholders' funds
(6,413)
4,134 
For the year ending 31 December 2016 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 his 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.
Approved by the Board on 4 September 2017.
GRAHAM MOORE Director Company Registration No. 7364895
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PETRO VECTOR LIMITED Notes to the Accounts for the year ended 31 December 2016
1
Statutory information
PETRO VECTOR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7364895. The registered office and principal place of business is 7 Westwood Road, Maidstone, Kent, ME15 6BB, UK.
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.
3
Accounting policies
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 18% in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2016
14,576 
At 31 December 2016
14,576 
Depreciation
At 1 January 2016
7,280 
Charge for the year
1,313 
At 31 December 2016
8,593 
Net book value
At 31 December 2016
5,983 
At 31 December 2015
7,296 
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PETRO VECTOR LIMITED Notes to the Accounts for the year ended 31 December 2016
5
Debtors
2016 
2015 
£ 
£ 
Trade debtors
1,152 
13,822 
Amounts due from group undertakings etc.
2,188 
3,802 
Other debtors
1,931 
445 
5,271 
18,069 
6
Creditors: amounts falling due within one year
2016 
2015 
£ 
£ 
Trade creditors
8,364 
2,589 
Amounts owed to group undertakings and other participating interests
12,325 
12,938 
Taxes and social security
2,776 
6,339 
Loans from directors
- 
644 
Accruals
813 
813 
24,278 
23,323 
7
Average number of employees
During the year the average number of employees was 0 (2015: 0).
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