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Company Registration No. 13667700 (England and Wales)
MR OILS LIMITED Unaudited accounts for the year ended 31 October 2023
MR OILS LIMITED Unaudited accounts Contents
Page
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MR OILS LIMITED Company Information for the year ended 31 October 2023
Director
Mohammed Sharafat Qurban
Company Number
13667700 (England and Wales)
Registered Office
8 COTTAGE CLOSE STOKE-ON-TRENT ST3 7FT ENGLAND
Accountants
LINKTAX 11A Snow hill Shelton Stoke-on-Trent Staffordshire ST1 4LU
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MR OILS LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,725 
50,029 
Current assets
Debtors
4,428 
(800)
Cash at bank and in hand
20,360 
70,446 
24,788 
69,646 
Creditors: amounts falling due within one year
(74,416)
(54,188)
Net current (liabilities)/assets
(49,628)
15,458 
Total assets less current liabilities
(9,903)
65,487 
Creditors: amounts falling due after more than one year
(63,722)
(63,721)
Net (liabilities)/assets
(73,625)
1,766 
Capital and reserves
Called up share capital
(1)
(1)
Profit and loss account
(73,624)
1,767 
Shareholders' funds
(73,625)
1,766 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2024 and were signed on its behalf by
Mohammed Sharafat Qurban Director Company Registration No. 13667700
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MR OILS LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
MR OILS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13667700. The registered office is 8 COTTAGE CLOSE, STOKE-ON-TRENT, ST3 7FT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
Motor vehicles
20% Reducing Balance Method
Fixtures & fittings
25% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
5,266 
55,100 
2,665 
63,031 
At 31 October 2023
5,266 
55,100 
2,665 
63,031 
Depreciation
At 1 November 2022
1,316 
11,020 
666 
13,002 
Charge for the year
988 
8,816 
500 
10,304 
At 31 October 2023
2,304 
19,836 
1,166 
23,306 
Net book value
At 31 October 2023
2,962 
35,264 
1,499 
39,725 
At 31 October 2022
3,950 
44,080 
1,999 
50,029 
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MR OILS LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,428 
- 
Trade debtors
- 
(800)
4,428 
(800)
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
2,919 
Trade creditors
51 
424 
Taxes and social security
8,716 
4,550 
Proposed dividends
- 
2,000 
Other creditors
387 
- 
Loans from directors
64,062 
43,095 
Accruals
1,200 
1,200 
74,416 
54,188 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
63,722 
63,721 
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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