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
Wazir Petroleum Limited
Company Information
for the year ended 31 January 2024
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
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
Wazir Petroleum Limited
Statement of financial position
as at 31 January 2024
Tangible assets
169,872
125,034
Inventories
120,555
130,476
Cash at bank and in hand
67,783
116,960
Creditors: amounts falling due within one year
(166,606)
(203,899)
Net current assets
47,732
43,537
Net assets
217,604
168,571
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
Wazir Petroleum Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 January 2024
13,354
779
155,739
169,872
At 31 January 2023
17,804
1,168
106,062
125,034
Wazir Petroleum Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
145,706
165,079
Taxes and social security
11,964
8,688
Loans from directors
-
25,378
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).