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Company registration number: 09585157
Oil Gas and Marine Limited
Unaudited filleted financial statements
for the year ended
31 October 2023
Oil Gas and Marine Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Oil Gas and Marine Limited
Directors and other information
Director Mr M A Preece
Company number 09585157
Registered office Office 8 The Barns
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
Accountants Giffords LLP
Office 8 The Barns
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
Oil Gas and Marine Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Oil Gas and Marine Limited
Year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oil Gas and Marine Limited for the year ended 31 October 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Oil Gas and Marine Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Oil Gas and Marine Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oil Gas and Marine Limited and its director as a body for our work or for this report.
It is your duty to ensure that Oil Gas and Marine Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oil Gas and Marine Limited. You consider that Oil Gas and Marine Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Oil Gas and Marine Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Giffords LLP
Chartered Accountants
Office 8 The Barns
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
30 July 2024
Oil Gas and Marine Limited
Statement of financial position
31 October 2023
2023 2022
£ £ £ £
Fixed assets 965 1,287
________ ________
Current assets 569,694 550,265
Prepayments and accrued income 56 63
________ ________
569,750 550,328
Creditors: amounts falling due within one year ( 35,253) ( 16,439)
________ ________
Net current assets 534,497 533,889
________ ________
Total assets less current liabilities 535,462 535,176
Accruals and deferred income ( 3,250) ( 2,890)
________ ________
Net assets 532,212 532,286
________ ________
Capital and reserves 532,212 532,286
________ ________
Notes to the financial statements
Oil Gas and Marine Limited
Year ended 31 October 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
2. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr M A Preece - 378 ( 378) -
________ ________ ________ ________
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr M A Preece 23,044 121,693 ( 144,737) -
________ ________ ________ ________
The director had an interest free loan in the year which was repaid in full.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 30 July 2024 , and are signed on behalf of the board by:
Mr M A Preece
Director
Company registration number: 09585157
The company is a private company limited by shares, registered in England & Wales.