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REGISTERED NUMBER: 01893013 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2023

for

SELLOIL LIMITED

SELLOIL LIMITED (REGISTERED NUMBER: 01893013)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SELLOIL LIMITED

Company Information
FOR THE YEAR ENDED 31 March 2023







DIRECTOR: R C Alden





REGISTERED OFFICE: The Cider Barn
Stretton Court Farm
Stretton Sugwas
Herefordshire
HR4 7AR





REGISTERED NUMBER: 01893013 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

SELLOIL LIMITED (REGISTERED NUMBER: 01893013)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165 220
Investment property 5 150,000 150,000
150,165 150,220

CURRENT ASSETS
Stocks 1,900 1,900
Debtors 6 14,954 11,006
Cash at bank and in hand 70,311 73,468
87,165 86,374
CREDITORS
Amounts falling due within one year 7 77,216 75,355
NET CURRENT ASSETS 9,949 11,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,114

161,239

CAPITAL AND RESERVES
Called up share capital 8 40,000 40,000
Revaluation reserve 9 97,151 97,151
Capital redemption reserve 15,000 15,000
Retained earnings 7,963 9,088
SHAREHOLDERS' FUNDS 160,114 161,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 13 November 2023 and were signed by:





R C Alden - Director


SELLOIL LIMITED (REGISTERED NUMBER: 01893013)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 March 2023

1. STATUTORY INFORMATION

Selloil Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

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 - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 5,665
DEPRECIATION
At 1 April 2022 5,445
Charge for year 55
At 31 March 2023 5,500
NET BOOK VALUE
At 31 March 2023 165
At 31 March 2022 220

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 150,000
NET BOOK VALUE
At 31 March 2023 150,000
At 31 March 2022 150,000

SELLOIL LIMITED (REGISTERED NUMBER: 01893013)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 March 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2011 88,534
Cost 61,466
150,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,954 11,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,324 540
Tax 6,786 7,986
Social security and other taxes (213 ) 287
VAT 3,371 4,746
Other creditors 10,976 9,352
Directors' loan accounts 50,372 50,844
Accrued expenses 1,600 1,600
77,216 75,355

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
40,000 Ordinary £1 40,000 40,000

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 97,151

10. ULTIMATE CONTROLLING PARTY

The company is controlled by R C Alden.