2022-12-01 SC369299 2023-11-30 SC369299 2022-12-01 2023-11-30 SC369299 2022-11-30 SC369299 2021-12-01 2022-11-30 SC369299 uk-core:WithinOneYear 2022-11-30 SC369299 uk-core:WithinOneYear 2023-11-30 SC369299 uk-core:ShareCapital 2023-11-30 SC369299 uk-core:ShareCapital 2022-11-30 SC369299 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC369299 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 SC369299 uk-bus:Director1 2022-12-01 2023-11-30 SC369299 uk-core:ToolsEquipment 2022-12-01 2023-11-30 SC369299 uk-core:ToolsEquipment 2022-11-30 SC369299 uk-core:FurnitureFittings 2022-11-30 SC369299 uk-core:FurnitureFittings 2022-12-01 2023-11-30 SC369299 uk-core:FurnitureFittings 2023-11-30 SC369299 uk-core:ToolsEquipment 2023-11-30 SC369299 uk-core:WithinOneYear 2023-11-30 SC369299 uk-core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure SC369299 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 SC369299 uk-bus:FRS102 2022-12-01 2023-11-30 SC369299 uk-bus:FullAccounts 2022-12-01 2023-11-30 SC369299 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Accrete Petroleum (UK) Ltd
Registered Number:SC369299
For the year ended 30 November 2023
Scotland
Unaudited Financial Statements
2
For the year ended 30 November 2023
Accrete Petroleum (UK) Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC369299
As at 30 November 2023
Accrete Petroleum (UK) Ltd
Statement of Financial Position
Restated
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
30,442
47,321
2
30,442
47,321
Current assets
Trade and other receivables
52,532
587,761
3
-
Cash and cash equivalents
1,176
588,937
52,532
Trade and other payables: amounts falling due within one
year
(135,943)
(645,321)
4
(83,411)
(56,384)
Net current liabilities
Total assets less current liabilities
(25,942)
(36,090)
(25,942)
Net liabilities
(36,090)
Capital and reserves
Called up share capital
3
3
Retained earnings
(25,945)
(36,093)
(25,942)
(36,090)
Shareholders' funds
For the year ended 30 November 2023 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Bukola Ezekiel Oladunjoye Director
These financial statements were approved and authorised for issue by the Board on 12 February 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2023
Accrete Petroleum (UK) Ltd
Notes to the Financial Statements
Statutory Information
Accrete Petroleum (UK) Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number
SC369299.
Registered address:
Centurion Court
North Esplanade West
Aberdeen
AB11 5QH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Straight line
Computer equipment
2. Property, plant and equipment
Total
Computer
equipment
Furniture and
fittings
£
£
£
Cost or
valuation
At 01 December 2022
76,378
72,748
3,630
1,745
1,745
-
Additions
At 30 November 2023
3,630
74,493
78,123
Provision for depreciation and impairment
At 01 December 2022
29,057
25,427
3,630
Charge for year
18,624
18,624
-
At 30 November 2023
47,681
44,051
3,630
At 30 November 2023
Net book value
-
30,442
30,442
At 30 November 2022
-
47,321
47,321
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5
For the year ended 30 November 2023
Accrete Petroleum (UK) Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
437,975
-
Other debtors
149,786
52,532
52,532
587,761
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
-
17,913
Trade creditors
506,668
2
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
31,827
31,827
Taxation and social security
109,453
91,544
Other creditors
(2,627)
(5,343)
645,321
135,943
5. Average number of persons employed
During the year the average number of employees was 3 (2022 : 2)
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