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REGISTERED NUMBER: 01502150 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Shaco Oil Products Limited

Shaco Oil Products Limited (Registered number: 01502150)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shaco Oil Products Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr B A Sufi





REGISTERED OFFICE: 247 Mauldeth Road,
Burnage
Manchester
M19 1AB





REGISTERED NUMBER: 01502150 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Shaco Oil Products Limited (Registered number: 01502150)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 249,515 249,537

CURRENT ASSETS
Debtors 5 30,210 27,710
Cash at bank 16,947 5,320
47,157 33,030
CREDITORS
Amounts falling due within one year 6 227,138 221,811
NET CURRENT LIABILITIES (179,981 ) (188,781 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,534

60,756

CAPITAL AND RESERVES
Called up share capital 48 48
Capital redemption reserve 32 32
Retained earnings 69,454 60,676
SHAREHOLDERS' FUNDS 69,534 60,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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 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.

Shaco Oil Products Limited (Registered number: 01502150)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





Mr B A Sufi - Director


Shaco Oil Products Limited (Registered number: 01502150)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Shaco Oil Products 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.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment properties
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.

Going concern
The company's financial statements for the year ended 30 November 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Shaco Oil Products Limited (Registered number: 01502150)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Government grants
Government grants are credited to the profit and loss account as the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 December 2022
and 30 November 2023 249,326 8,945 1,371 259,642
DEPRECIATION
At 1 December 2022 - 8,737 1,368 10,105
Charge for year - 21 1 22
At 30 November 2023 - 8,758 1,369 10,127
NET BOOK VALUE
At 30 November 2023 249,326 187 2 249,515
At 30 November 2022 249,326 208 3 249,537

The director does not consider the value of the property to be materially different from the valuation shown in the financial statements as at 30 November 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 30,210 27,710

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 227,138 221,811

7. RELATED PARTIES

Included within other creditors is the director's current account balance of £224,776 (2022: £219,820). There are no fixed repayment terms and no interest is chargeable on this balance.