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Company Registration No. 07929848 (England and Wales)
Wazir Petroleum Limited Unaudited accounts for the year ended 31 January 2024
Wazir Petroleum Limited Unaudited accounts Contents
Page
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Wazir Petroleum Limited Company Information for the year ended 31 January 2024
Director
ABUL QADIR RODI
Company Number
07929848 (England and Wales)
Registered Office
DOGHILL SERVICE STATION DOGHILL SERVICE BIRMINGHAM ROAD STUDLEY B80 7DF
Accountants
Nextin Accountants 38P Alum Rock Road Birmingham West Midlands B8 1JA
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Wazir Petroleum Limited for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wazir Petroleum Limited for the year ended 31 January 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Wazir Petroleum Limited, as a body, in accordance with the terms of our engagement letter dated 23 September 2020. Our work has been undertaken solely to prepare for your approval the accounts of Wazir Petroleum Limited and state those matters that we have agreed to state to the Board of Directors of Wazir Petroleum Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wazir Petroleum Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Wazir Petroleum Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Wazir Petroleum Limited. You consider that Wazir Petroleum 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 accounts of Wazir Petroleum 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 accounts.
Nextin Accountants Chartered Certified Accountants 38P Alum Rock Road Birmingham West Midlands B8 1JA 15 October 2024
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Wazir Petroleum Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
169,872 
125,034 
Current assets
Inventories
120,555 
130,476 
Debtors
26,000 
- 
Cash at bank and in hand
67,783 
116,960 
214,338 
247,436 
Creditors: amounts falling due within one year
(166,606)
(203,899)
Net current assets
47,732 
43,537 
Net assets
217,604 
168,571 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
217,504 
168,471 
Shareholders' funds
217,604 
168,571 
For the year ending 31 January 2024 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 15 October 2024 and were signed on its behalf by
ABUL QADIR RODI Director Company Registration No. 07929848
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Wazir Petroleum Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Wazir Petroleum Limited is a private company, limited by shares, registered in England and Wales, registration number 07929848. The registered office is DOGHILL SERVICE STATION DOGHILL SERVICE , BIRMINGHAM ROAD, STUDLEY, B80 7DF.
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
20% on W.D.V
Motor vehicles
25% on W.D.V
Fixtures & fittings
20% on W.D.V
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
135,826 
3,690 
186,213 
325,729 
Additions
- 
- 
70,889 
70,889 
At 31 January 2024
135,826 
3,690 
257,102 
396,618 
Depreciation
At 1 February 2023
118,022 
2,522 
80,151 
200,695 
Charge for the year
4,450 
389 
21,212 
26,051 
At 31 January 2024
122,472 
2,911 
101,363 
226,746 
Net book value
At 31 January 2024
13,354 
779 
155,739 
169,872 
At 31 January 2023
17,804 
1,168 
106,062 
125,034 
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Wazir Petroleum Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
26,000 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,936 
4,754 
Trade creditors
145,706 
165,079 
Taxes and social security
11,964 
8,688 
Loans from directors
- 
25,378 
166,606 
203,899 
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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