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COMPANY REGISTRATION NUMBER: 12481666
AML Oil and Gas Ltd
Filleted Unaudited Financial Statements
29 February 2024
AML Oil and Gas Ltd
Statement of Financial Position
29 February 2024
2024
2023
£
£
£
£
Fixed assets
1,262
1,581
-------
-------
Current assets
50,180
61,234
Creditors: amounts falling due within one year
1,352
---------
---------
Net current assets
50,180
59,882
---------
---------
Total assets less current liabilities
51,442
61,463
Accruals and deferred income
432
700
---------
---------
51,010
60,763
---------
---------
Capital and reserves
51,010
60,763
---------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
2. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Lavelle
41,149
854
( 9,592)
32,411
---------
----
-------
---------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Lavelle
62,226
15,729
( 36,806)
41,149
---------
---------
---------
---------
Interest has been charged at a rate of 2.00% up to the 31st March 2023 and 2.25% thereafter for any period overdrawn in the year. The loan is repayable on demand.
For the year ending 29th February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements 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 financial statements .
These 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 11 November 2024 , and are signed on behalf of the board by:
Mr A Lavelle
Director
Company registration number: 12481666
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 67 Goodliff Road, Grantham, Lincolnshire, NG31 7PG.