Company registration number NI071311 (Northern Ireland)
CHEAPEST OIL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
CHEAPEST OIL LTD
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
£
£
£
£
Current assets
17,163
45,930
Creditors: amounts falling due within one year
(16,874)
(23,212)
Net current assets
289
22,718
Creditors: amounts falling due after more than one year
-
0
(18,333)
Net assets
289
4,385
Capital and reserves
289
4,385
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

Advances totalling £1,661 were made jointly to the 2 directors during the year at an interest rate of 0%, and these advances were still outstanding at the balance sheet date.

2
Average employees

The average number of persons, including directors, employed by the company during the year was 2 (2020 - 2).

Cheapest Oil Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office is 405 Lisburn Road, Belfast, BT9 7EW.

For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 27 May 2022 and are signed on its behalf by:
M J Toner
Director
Company Registration Number NI071311
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