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REGISTERED NUMBER: 05083492 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

S.G. OILS LIMITED

S.G. OILS LIMITED (REGISTERED NUMBER: 05083492)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


S.G. OILS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr S G Lee
Mrs S Lee



REGISTERED OFFICE: The Tower
Daltongate Business Centre
Daltongate
Ulverston
Cumbria
LA12 7AJ



BUSINESS ADDRESS: Delph Bank Touring Park
The Bungalow
Old Main Road
Fleet Hargate
Spalding
PE12 8LL



REGISTERED NUMBER: 05083492 (England and Wales)



BANKERS: Barclays Bank plc
P O Box 9
Market Street
Lancaster
Lancashire
LA1 1HR

S.G. OILS LIMITED (REGISTERED NUMBER: 05083492)

ABRIDGED BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,979 51,273

CURRENT ASSETS
Debtors 162,158 177,995
Cash at bank 33,856 89,915
196,014 267,910
CREDITORS
Amounts falling due within one year 52,721 33,133
NET CURRENT ASSETS 143,293 234,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,272

286,050

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 152,172 285,950
SHAREHOLDERS' FUNDS 152,272 286,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:




Mr S G Lee - Director


S.G. OILS LIMITED (REGISTERED NUMBER: 05083492)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

S.G. Oils 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 202,105
Additions 11,750
Disposals (46,852 )
At 30 April 2024 167,003
DEPRECIATION
At 1 May 2023 150,832
Charge for year 18,905
Eliminated on disposal (11,713 )
At 30 April 2024 158,024
NET BOOK VALUE
At 30 April 2024 8,979
At 30 April 2023 51,273

S.G. OILS LIMITED (REGISTERED NUMBER: 05083492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr S G Lee
Balance outstanding at start of year 141,417 125,867
Amounts advanced 113,095 141,417
Amounts repaid (141,417 ) (125,867 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 113,095 141,417

During the financial year the director was charged £2,783 (2023 : £2,622) interest on the loan which is unsecured and repayable on demand.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S G Lee.