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REGISTERED NUMBER: 07266277 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2018

for

Altomenco Oil Trading (Sm) Ltd

Altomenco Oil Trading (Sm) Ltd (Registered number: 07266277)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Altomenco Oil Trading (Sm) Ltd

Company Information
for the Year Ended 28 February 2018







DIRECTORS: S P Moore
M Berkoff





REGISTERED OFFICE: Foresters Hall, 25-27 Westow Street
Upper Norwood
London
SE19 3RY





REGISTERED NUMBER: 07266277 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Altomenco Oil Trading (Sm) Ltd (Registered number: 07266277)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,476 1,109
2,476 1,109

CURRENT ASSETS
Debtors 6 490,116 635,798
Cash at bank 401,328 190,083
891,444 825,881
CREDITORS
Amounts falling due within one year 7 (38,977 ) (67,588 )
NET CURRENT ASSETS 852,467 758,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

854,943

759,402

CREDITORS
Amounts falling due after more than one
year

8

100,000

100,000
NET ASSETS 954,943 859,402

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 854,943 759,402
SHAREHOLDERS' FUNDS 954,943 859,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

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.

Altomenco Oil Trading (Sm) Ltd (Registered number: 07266277)

Balance Sheet - continued
28 February 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 October 2018 and were signed on its behalf by:





S P Moore - Director


Altomenco Oil Trading (Sm) Ltd (Registered number: 07266277)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

Altomenco Oil Trading (Sm) Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

Altomenco Oil Trading (Sm) Ltd (Registered number: 07266277)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2017
and 28 February 2018 1,065,000
AMORTISATION
At 1 March 2017
and 28 February 2018 1,065,000
NET BOOK VALUE
At 28 February 2018 -
At 28 February 2017 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2017 2,430
Additions 1,644
At 28 February 2018 4,074
DEPRECIATION
At 1 March 2017 1,321
Charge for year 277
At 28 February 2018 1,598
NET BOOK VALUE
At 28 February 2018 2,476
At 28 February 2017 1,109

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Other debtors 490,116 635,798

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Taxation and social security 21,157 56,643
Other creditors 17,820 10,945
38,977 67,588

Altomenco Oil Trading (Sm) Ltd (Registered number: 07266277)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.18 28.2.17
£    £   
Other creditors (100,000 ) (100,000 )