Registered number
09578776
Sri Venkateshwara Petroleum Ltd
Filleted Accounts
31 May 2024
Sri Venkateshwara Petroleum Ltd
Registered number: 09578776
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 76,410 79,529
Current assets
Stocks 34,388 37,403
Cash at bank and in hand 226,717 246,258
261,105 283,661
Creditors: amounts falling due within one year 4 (153,181) (106,382)
Net current assets 107,924 177,279
Total assets less current liabilities 184,334 256,808
Creditors: amounts falling due after more than one year 5 (127,584) (209,625)
Net assets 56,750 47,183
Capital and reserves
Called up share capital 100 100
Profit and loss account 56,650 47,083
Shareholder's funds 56,750 47,183
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs I Nagendra
Director
Approved by the board on 26 February 2025
Sri Venkateshwara Petroleum Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 7
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 102,882
At 31 May 2024 102,882
Depreciation
At 1 June 2023 23,353
Charge for the year 3,119
At 31 May 2024 26,472
Net book value
At 31 May 2024 76,410
At 31 May 2023 79,529
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,375 -
Trade creditors 139,512 98,945
Taxation and social security costs 7,293 6,087
Other creditors 2,001 1,350
153,181 106,382
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 127,584 209,625
6 Other information
Sri Venkateshwara Petroleum Ltd is a private company limited by shares and incorporated in England. Its registered office is:
318-320 Rainham Road South
Dagenham
RM10 7UU
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